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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 10, 2005
Carriage Services, Inc.
(Exact name of registrant as specified in is charter)
| Delaware (State or other jurisdiction of incorporation) |
1-11961 (Commission File Number) |
76-0423828 (IRS Employer Identification No.) |
1900 St. James Place, 4th Floor
Houston, Texas 77056
(Address, including zip code, of principal executive offices)
Registrant's telephone number, including area code:
(713) 332-8400
- o
- Written
communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
- o
- Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
- o
- Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
- o
- Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01. Regulation FD Disclosure
On January 10, 2005, the Company issued a press release updating its estimates for earnings and debt reduction for the fourth quarter and the year ended December 31, 2004. A copy of the press release issued by the Company is attached hereto as Exhibits 99.1.
The press release and information in this report are being furnished in accordance with Regulation FD and not "filed" with the Securities and Exchange Commission. Accordingly, the information in this report is not incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, and will not be so incorporated by reference into any future registration statement unless specifically identified as being incorporated by reference.
The press release contains non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with United States generally accepted accounting principles, or GAAP. The Company provides quantitative reconciliations as well as qualitative information on the Company's website www.carriageservices.com.
Item 9.01. Financial Statements and Exhibits.
- (c)
- Exhibits
| |
Item |
Description |
||
|---|---|---|---|---|
| 99.1 | Press Release dated January 10, 2005. |
Pursuant to the requirements of the Securities Exchange Act of 1934, Carriage Services, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CARRIAGE SERVICES, INC. | |||
Date: January 10, 2005 |
By: |
/s/ JOSEPH SAPORITO Joseph Saporito Senior Vice President and Chief Financial Officer |
|
| Exhibit |
Description |
|
|---|---|---|
| 99.1 | Press Release dated January 10, 2005. |
SIGNATURE
INDEX TO EXHIBITS
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| [Carriage Services Logo] | Press Release | |||
| Contacts: | Mel Payne, Chairman & CEO Joe Saporito, CFO Carriage Services, Inc. 713-332-8400 |
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| FOR IMMEDIATE RELEASE | Ken Dennard / ksdennard@drg-e.com Lisa Elliott / lelliott@drg-e.com DRG&E / 713-529-6600 |
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CARRIAGE SERVICES UPDATES FOURTH QUARTER OUTLOOK
January 10, 2005—HOUSTON—Carriage Services, Inc. (NYSE: CSV) today updated its outlook for the fourth quarter and full year 2004. For the fourth quarter of 2004, management expects revenues to range between $36 million and $38 million, EBITDA to range between $9 million and $10 million, and diluted earnings from continuing operations to range between $0.09 and $0.10 per share. For the full year 2004, management expects revenues to range between $150 million and $152 million, EBITDA to range between $39 million and $40 million and diluted earning per share from continuing operation to range between $0.37 and $0.38. Management expects senior debt to total approximately $110 million at December 31, 2004, representing a decrease of approximately $6 million during the fourth quarter.
Carriage Services generally provides its estimates of future period results to the public on a quarterly basis. Carriage expects to release full fourth quarter and full year 2004 financial results in late February 2005.
Carriage Services is the fourth largest publicly traded death care company. As of January 10, 2005, Carriage operated 135 funeral homes and 30 cemeteries in 28 states.
Certain statements made herein or elsewhere by, or on behalf of, the Company that are not historical facts are intended to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on assumptions that the Company believes are reasonable; however, many important factors, as discussed under "Forward-Looking Statements and Cautionary Statements" in the Company's Annual Report and Form 10-K for the year ended December 31, 2003, could cause the Company's results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of, the Company. The Company assumes no obligation to update or publicly release any revisions to forward-looking statements made herein or any other forward-looking statements made by, or on behalf of, the Company. A copy of the Company's Form 10-K, and other Carriage Services information and news releases, are available at www.carriageservices.com.