Every material Form 8-K CARRIAGE SERVICES INC has filed with the SEC since September 30, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Carriage Services reported third-quarter 2026 revenue of $100.3 million, down from $102.7 million a year earlier, and adjusted diluted EPS of $0.59, down from $0.75. The company cut its full-year 2026 outlook, lowering total revenue guidance to $415 million to $420 million from $435 million to $445 million and adjusted diluted EPS guidance to $2.90 to $3.05 from $3.35 to $3.55, which is a negative development for shareholders even though GAAP diluted EPS rose to $0.56 from $0.41.
Q3 2026 GAAP diluted EPS was $0.56 versus $0.41 a year earlier, while adjusted diluted EPS was $0.59 versus $0.75.
Cemetery comparable revenue fell 7.8% in the quarter, which the company attributed mainly to lower preneed sales production.
Full-year 2026 adjusted consolidated EBITDA guidance was lowered to $125 million to $130 million from $135 million to $140 million.
The company closed a new $300 million credit facility and increased committed borrowing capacity by $50 million.
Carriage Services terminated its Equity Distribution Agreement dated May 6, 2026, which allowed it to sell up to $100 million of common stock through at-the-market offerings. The company says it has no termination penalties and had not sold any shares under the program before ending it.
Termination date: October 4, 2026, of the Equity Distribution Agreement with Oppenheimer & Co. Inc. and Raymond James & Associates, Inc.
Program size before termination: up to $100 million of common stock, par value $0.01 per share
No shares were sold under the at-the-market program before termination
No termination penalties apply, according to the filing
Carriage Services entered a five-year, $300 million senior secured revolving credit facility led by JPMorgan Chase, which replaces its $250 million facility, and terminated its $100 million at-the-market equity offering program effective October 4, 2026. The company says the new facility lowers borrowing costs and adds liquidity, and that it is lowering its targeted leverage range to 3.0x–3.5x. The facility is secured by a first-priority lien on substantially all company and subsidiary guarantor assets.
Revolving credit facility of up to $300 million, with an optional $100 million accordion feature that no lender is obligated to fund
Replaces the $250 million facility from May 2021; the company says the new facility expands capacity and reduces borrowing spreads
$100 million at-the-market equity program terminated effective October 4, 2026
Targeted leverage ratio lowered from 3.5x–4.0x to 3.0x–3.5x; $400 million of 4.25% Senior Notes mature in May 2029
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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