Service Corp

Service Corp. International engages in the provision of funeral goods and services. It operates through the following business segments: Funeral and Cemetery. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization and catering. The Cemetery segment provides property interment rights, including lawn crypts, mausoleum spaces, niches, and interment options. The company was founded by Robert L. Waltrip in July 1962 and is headquartered in Houston, TX.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Service Corp (SCI) reports strong 2022 earnings, eyes growth opportunities

Service Corp (SCI) delivered solid financial performance in 2022, with adjusted earnings per share of $3.80 and improved sales productivity.
While facing challenges in certain segments and expenses, the company's focus on consumer behavior and cost efficiencies is driving growth.
Opportunities lie in the expected growth in cemetery preneed sales, cost-saving measures, and strategic pricing amidst inflationary trends.
Overall, Service Corp (SCI) is well-positioned to navigate challenges and capitalize on opportunities for growth in 2023.

Service Corp (SCI) reports Q1 growth amidst cemetery revenue challenges

SCI's Q1 2023 performance showed resilience with adjusted earnings per share growth despite pandemic impacts.
While facing challenges in cemetery revenue and gross profits, the company is focusing on cost management and revenue growth opportunities.
Strengthened financial position, improved employee retention, and strategic capital deployment provide a foundation for future growth and stability.

Service Corp (SCI) reports steady Q2 earnings amidst funeral market shifts

SCI maintained earnings per share, saw growth in funeral and cemetery metrics, and adjusted its guidance for 2023. Challenges include expected declines in funeral volume and weather-related impacts on production. Opportunities lie in financing trends and stable sales to high-end consumers.

Service Corp (SCI) reports robust Q3 earnings and growth outlook

SCI's Q3 2023 performance showcased strong financials, with growth in adjusted EPS, cemetery revenue, and gross profits, despite challenges in funeral and cemetery sales volumes.
The company's focus on managing costs, cash flow, and investments positions it well for future growth and acquisitions, supported by a solid liquidity position.
Opportunities lie in sales growth, online strategies, and market expansion, while challenges include consumer behavior impacts and regulatory uncertainties.
SCI's strategic approach to financial management, market competition, and consumer offerings reflects a balanced outlook for sustained growth and profitability.

Service Corp (SCI) reports strong Q4 earnings, eyes margin growth

Service Corp (SCI) delivered solid financial performance in Q4, exceeding expectations in adjusted EPS and operating cash flow.
Despite challenges in funeral volumes and lower-end market activity, SCI's focus on margin enhancement and compliance presents growth opportunities.
The company's strategic investments, compliance efforts, and digital initiatives position it well for future market dynamics and regulatory changes.
SCI's strong revenue growth, margin improvement focus, and shareholder value enhancement strategies showcase a resilient and forward-looking approach.

Service Corp (SCI) reports Q1 2024 mixed performance and optimistic outlook

Service Corp (SCI) reported mixed financial performance in Q1 2024, with declines in adjusted earnings per share offset by revenue increases in core funeral and cemetery segments.
Despite challenges in funeral gross profit, the company remains resilient and optimistic about market share gains and growth prospects, supported by strategic investments and operational changes.
SCI faces challenges in addressing inflation impacts on low-end customers and managing cremation mix trends, but opportunities lie in potential market share gains and growth in funeral volumes.
Overall, SCI's focus on stability, strategic acquisitions, and customer-centric approaches position the company for long-term success, supported by a positive outlook for 2025 and ongoing efforts to drive operational efficiency.

Service Corp reports stable Q3 performance and anticipates growth

SCI's Q3 performance was stable, with growth in funeral segment revenues and increased cemetery gross profits, setting the stage for a positive outlook in Q4 2024 and beyond.
Despite challenges in preneed funeral sales and analyst scrutiny, the company's strong cash flow, resilience, and strategic acquisitions showcase its potential for growth.
Management's focus on stability, growth, and returning value to shareholders, along with anticipated improvements in cash flow, position SCI for a promising future.

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Service Corp. International engages in the provision of funeral goods and services. It operates through the Funeral and Cemetery segments. The Funeral segment offers services related to cremations, including the use of home facilities and motor vehicles, arranging and directing services, removal, preparation, embalming, memorialization, and catering. The Cemetery segment provides property interment rights, including lawn crypts, mausoleum spaces, niches, and interment options. The company was founded by Robert L. Waltrip in July 1962 and is headquartered in Houston, TX.

HOUSTON , Nov. 6, 2024 /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today announced that its Board of Directors has approved a quarterly cash dividend of thirty cents per share of common stock. The quarterly cash dividend announced today is payable on December 31, 2024 to shareholders of record at the close of business on December 13, 2024.

SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND

Service Corp International SCI reported better-than-expected third-quarter adjusted EPS results on Thursday.

Service Corp International Analysts Boost Their Forecasts After Upbeat Earnings

Service Corporation International (NYSE:SCI ) Q3 2024 Earnings Call Transcript October 31, 2024 9:00 AM ET Company Participants Allie O'Connor - AVP of IR and Financial Reporting Tom Ryan - Chairman and CEO Eric Tanzberger - CFO Conference Call Participants Scott Schneeberger - Oppenheimer Tobey Sommer - Truist Joanna Gajuk - Bank of America AJ Rice - UBS Parker Snure - Raymond James Operator Good day and welcome to SCI's Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode.

Service Corporation International (SCI) Q3 2024 Earnings Call Transcript

Service Corporation's Q3 results gain from a favorable impact on funeral revenues from its new marketing deal with a preferred preneed insurance provider.

SCI Q3 Earnings Match Estimates, Funeral Revenues Increase Y/Y

While the top- and bottom-line numbers for Service Corp. (SCI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Service Corp. (SCI) Reports Q3 Earnings: What Key Metrics Have to Say

Service Corp. (SCI) came out with quarterly earnings of $0.79 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.78 per share a year ago.

Service Corp. (SCI) Meets Q3 Earnings Estimates

Conference call on Thursday, October 31, 2024, at 8:00 a.m. Central Time.

SERVICE CORPORATION INTERNATIONAL ANNOUNCES THIRD QUARTER 2024 FINANCIAL RESULTS

SCI's Q3 results are likely to reflect strength in the Cemetery segment, while Funeral unit revenues have been soft for a while.

Service Corporation Prepares for Q3 Earnings: What Should You Know?

HOUSTON , Oct. 17, 2024 /PRNewswire/ -- Service Corporation International (NYSE: SCI) announced it expects to issue a press release with financial results for the third quarter 2024 on Wednesday, October 30, 2024.  A conference call will be hosted by SCI Management on Thursday, October 31, 2024.

Service Corporation International Announces Schedule For Its Third Quarter 2024 Earnings Release and Conference Call

HOUSTON , Oct. 1, 2024 /PRNewswire/ -- Service Corporation International (NYSE: SCI) today announced leadership promotions among its executive officers that were made and approved by the SCI Board of Directors (the "Board") in continuation of the Board's focus on succession planning to support SCI's long-term growth. Steven A. Tidwell, SCI's Senior Vice President of Sales and Marketing, informed the Company of his intent to step down from his role as an executive officer and assume a new role as Special Advisor to the CEO, effective October 1, 2024.

SERVICE CORPORATION INTERNATIONAL ANNOUNCES LEADERSHIP PROMOTIONS

HOUSTON , Sept. 17, 2024 /PRNewswire/ -- Service Corporation International (NYSE: SCI) (the "Company") announced today that it has successfully completed its previously announced public offering of $800 million aggregate principal amount of 5.750% Senior Notes due 2032.

Service Corporation International Completes Offering of $800 Million of Senior Notes

HOUSTON , Sept. 12, 2024 /PRNewswire/ -- Service Corporation International (NYSE: SCI) (the "Company") announces that it has priced an underwritten public offering of $800 million aggregate principal amount of 5.75% Senior Notes due 2032.

SERVICE CORPORATION INTERNATIONAL ANNOUNCES PRICING OF SENIOR NOTES OFFERING

HOUSTON , Sept. 12, 2024 /PRNewswire/ -- Service Corporation International (NYSE: SCI) (the "Company") announces that it intends to offer $800 million aggregate principal amount of senior notes, subject to market and other conditions.

SERVICE CORPORATION INTERNATIONAL ANNOUNCES SENIOR NOTES OFFERING

Service Corporation International (NYSE:SCI ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Allie O'Connor - IR Thomas Ryan - Independent Trust Manager Eric Tanzberger - Independent Director Conference Call Participants Joanna Gajuk - Bank of America Merrill Lynch Parker Snure - Raymond James & Associates Tobey Sommer - Truist Securities A.J. Rice - UBS Scott Schneeberger - Oppenheimer Operator Good day, and welcome to the SCI Second Quarter 2024 Earnings Conference Call.

Service Corporation International (SCI) Q2 2024 Earnings Call Transcript

Service Corporation's (SCI) second-quarter 2024 results reflect lower earnings due to a greater-than-expected decline in funeral services performed.

Service Corporation (SCI) Q2 Earnings Lag, Funeral Services Down

While the top- and bottom-line numbers for Service Corp. (SCI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here's What Key Metrics Tell Us About Service Corp. (SCI) Q2 Earnings

Service Corp. (SCI) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.83 per share a year ago.

Service Corp. (SCI) Lags Q2 Earnings Estimates

Conference call on Thursday, August 1, 2024, at 8:00 a.m. Central Time.

SERVICE CORPORATION INTERNATIONAL ANNOUNCES SECOND QUARTER 2024 FINANCIAL RESULTS

Service Corporation's (SCI) second-quarter 2024 performance will likely reflect gains from strength in the Cemetery segment. However, a rising interest rate environment poses a threat.

Service Corporation (SCI) Q2 Earnings Coming Up: Factors to Note

Service Corporation International has seen mixed financial results, with revenue declining in 2023 but rising in the first quarter of 2024. The company's cemetery operations performed well, while funeral gross profit and net income declined due to higher costs and interest expenses. Despite some negative financial metrics, the company is attractively priced and has long-term growth potential due to projected population growth and increasing death counts.

Service Corporation International: Thoughts On Where Fair Value Might Be

Service Corporation (SCI) benefits from strength in its Cemetery segment and a focus on strengthening its network.

Service Corporation (SCI) Thrives on Cemetery Unit, Growth Drive

HOUSTON , July 17, 2024 /PRNewswire/ -- Service Corporation International (NYSE: SCI) announced it expects to issue a press release with financial results for the second quarter 2024 on Wednesday, July 31, 2024.  A conference call will be hosted by SCI Management on Thursday, August 1, 2024.

Service Corporation International Announces Schedule For Its Second Quarter 2024 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced a 10-year partnership with Service Corporation International (“SCI”), positioning it to become the preferred provider of preneed insurance for North America's largest provider of funeral, cremation and cemetery services. Preneed insurance is a type of life insurance policy created to help cove.

Global Atlantic and Service Corporation International Form Groundbreaking Partnership in Preneed Insurance

Service Corporation (SCI) gains from increased Cemetery segment revenues and a focus on making capital investments to strengthen its network.

Here's Why Service Corporation (SCI) Stock Appears Promising

After losing some value lately, a hammer chart pattern has been formed for Service Corp. (SCI), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

News for Service Corp Stock (SCI)