CARRIAGE SERVICES INC — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
CSV reported Q3 2026 GAAP net income of $8.9M (vs. $6.6M prior year) and diluted EPS of $0.56 (vs. $0.41). However, adjusted diluted EPS declined to $0.59 from $0.75 YoY. The company announced strategic acquisitions representing >$14M in annual revenue, with closings expected later 2026 and early 2027. Critically, CSV slashed full-year 2026 guidance: revised adjusted consolidated EBITDA to $125–$130M (from $135–$140M), adjusted diluted EPS to $2.90–$3.05 (from $3.35–$3.55), citing lower-than-expected mortality in H1 2026, weak cemetery preneed sales, and MLP trust tax headwinds. The company also closed a new $300M credit facility and increased committed borrowing by $50M.
Why this rating
Guidance cut of ~$45M EBITDA (~3.3% of $1.4B assets) is material; acquisition pipeline modest relative to scale; weak cemetery segment offsetting funeral gains.
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