Carriage Services (CSV) Misses Q4 EPS by 1c
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Carriage Services Announces 2017 Annual Results And Raises Rolling Four Quarter Outlook
February 14, 2018 4:30 PM ESTHOUSTON, Feb. 14, 2018 /PRNewswire/ --Â Carriage Services, Inc. (NYSE: CSV) today announced results for the year ending December 31, 2017.
Mel Payne, Chief Executive Officer, stated, "After eight consecutive years of record performance, our 2017 consolidated operational and financial performance did not meet our reported high performance expectations, as Adjusted Diluted Earnings Per Share declined 14.2% to $1.39, Adjusted Consolidated EBITDA declined 6.8% to $68.7 million, Adjusted Consolidated EBITDA Margin declined 310 basis points to 26.6% and Adjusted Free Cash Flow declined 21.4% to $37.4 million.
Many of the reasons behind the decline in our operating performance were addressed in... More
