John Enwright
SVP, CFO & Treasurer at Carriage Services
As we get back to growth mode, any benefits or impacts associated with acquisitions, we will adjust our forecast accordingly. Revenues are planned to be in the $400,000,000 to $410,000,000 range compared to $404,200,000 That would result in an expectation of sales being plus or minus 1%. However, if we were to exclude the impact of divestitures, we are anticipating revenue growth in the low single digit range, primarily driven by pre need property sales. Adjusted consolidated EBITDA is expected to be in the range of $128,000,000 to $133,000,000 compared to $126,200,000 We are anticipating slight improvement in our margins based on our investment in supply chain in 2024, coupled with normalization of certain corporate expenses. Adjusted diluted EPS of $3.1 to $3.3 primarily driven by lower interest rates and a lower effective tax rate. We are expecting interest expense savings in the range of $5,000,000 to $6,000,000 associated with the pay down of our credit facility in both 2024 and 2025, coupled with a full year benefit of the midyear amendment, which resulted in lower fees. The adjusted tax rate is expected to be in the range of 28% to 30%, down from 34.2% in 2024. For overhead, we continue to focus on our strategic objectives, which will result in slightly elevated overhead costs in 2025, driven by Project Trinity. However, in the long term, we anticipate overhead efficiencies after implementation is complete and in connection with other internal initiatives. For the full year, we expect adjusted overhead to finish within 13% to 14% of revenue, which is within our expected range.
