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 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.

Service Corporation (SCI) has been benefiting from its focus on expansion and greater-than-expected funeral services performed. However, high costs are a concern.

Service Corporation (SCI) Gains on Expansion, Hurt by Cost Woes

HOUSTON , Jan. 11, 2023 /PRNewswire/ -- Service Corporation International (NYSE: SCI) (the "Company") announces that as of today, January 11, 2023, it has entered into a $2.175 billion unsecured credit agreement maturing in 2028 providing for a $1.5 billion revolving credit facility and a $675 million Term Loan A. The Company will use borrowings under these new credit facilities to refinance its existing credit facilities, and pay related fees and expenses.

Service Corporation International Announces New Unsecured Credit Agreement

The business of death is a lucrative endeavor. Service Corporation has 15% market share in the highly fragmented NA deathcare industry.

Service Corporation: The Bitter-Sweet Business Of Death

Service Corporation (SCI) benefits from its expansion initiatives and funeral services performed.

Service Corporation (SCI) Gains 10% in 3 Months: Here's Why

Service Corp. (SCI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Service Corp. (SCI): Time to Buy?

Does Service Corp. (SCI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Here's Why Service Corp. (SCI) is a Great Momentum Stock to Buy

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Forgotten Veterans Will Receive Full Military Honors HOUSTON , Nov. 3, 2022 /PRNewswire/ -- Service Corporation International, (SCI), North America's largest provider of funeral, cemetery and cremation services, and its brand, Dignity Memorial®, have partnered with the Missing In America Project (MIAP) to inter the ashes of 99 veterans who never received a proper burial. The veterans have gone unclaimed for decades, because their families never made arrangements or they didn't have living family members to arrange a service.

SERVICE CORPORATION INTERNATIONAL, MISSING IN AMERICA PROJECT TO INTER 99 UNCLAIMED VETERANS

Service Corporation International (NYSE:SCI ) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Debbie Young - Director, Investor Relations Thomas Ryan - Chairman of the Board, Chief Executive Officer and President Eric Tanzberger - Senior Vice President and Chief Financial Officer Conference Call Participants A.J. Rice - Credit Suisse Tobey Sommer - Truist Scott Schneeberger - Oppenheimer John Ransom - Raymond James Joanna Gajuk - Bank of America Operator Good morning and welcome to the SCI Third Quarter 2022 Earnings Conference Call.

Service Corporation International (SCI) Q3 2022 Earnings Call Transcript

Shares of the deathcare company jumped after a better-than-expected earnings report.

Why Service Corporation International Stock Was Climbing Today

HOUSTON , Nov. 2, 2022 /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 an increase in its quarterly cash dividend to twenty-seven cents per share of common stock.  This quarterly cash dividend declared today represents an 8% increase from the previously declared quarterly dividend of twenty-five cents per share of common stock per quarter.

SERVICE CORPORATION INTERNATIONAL DECLARES AN INCREASE IN QUARTERLY CASH DIVIDEND AND INCREASES SHARE REPURCHASE AUTHORIZATION

Service Corporation's (SCI) third-quarter 2022 earnings and sales decline from the year-ago period, which was significantly impacted by the pandemic. Management raises 2022 guidance.

Service Corporation (SCI) Tops Q3 Earnings Estimates, Ups View

Service Corp. (SCI) delivered earnings and revenue surprises of 33.33% and 11.12%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Service Corp. (SCI) Surpasses Q3 Earnings and Revenue Estimates

Conference call on Wednesday, November 2, 2022, at 8:00 a.m. Central Time.

SERVICE CORPORATION INTERNATIONAL ANNOUNCES THIRD QUARTER 2022 FINANCIAL RESULTS AND RAISES 2022 GUIDANCE

Service Corporation's (SCI) third-quarter 2022 performance will likely reflect the adverse impact of rising inflationary pressure. Strength in the funeral segment has been an upside.

Service Corporation (SCI) to Report Q3 Earnings: Things to Note

Service Corp. (SCI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Service Corp. (SCI) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

HOUSTON, Oct. 17, 2022 /PRNewswire/ -- Service Corporation International (NYSE: SCI) announced it expects to issue a press release with financial results for the third quarter 2022 on Tuesday, November 1, 2022.  A conference call will be hosted by SCI Management on Wednesday, November 2, 2022.

Service Corporation International Announces Schedule For Its Third Quarter 2022 Earnings Release and Conference Call

Service Corporation International (SCI) is the largest provider of Funerals and Cemetery services in North America. This stock was popularised by Legendary Billionaire investor Peter Lynch who beat the market for over a decade with a contrarian approach.

Service Corporation International: Funeral Business Is Highly Profitable

Service Corporation's (SCI) corporate general and administrative costs have been rising year over year. The company's bottom line declined in the second quarter of 2022.

Service Corporation (SCI) Hurt by Costs, Down 10% in 6 Months

The themes are that COVID-19 pulled forward mortality, making 2020 and 2021 strong years for Service Corporation International. There is also commentary around reduced discretionary spending, which is affecting the very cash and margin generative pre-need business and merchandise and services.

Service Corporation International: Feeling Minimal Pressures

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Service Corporation International (NYSE:SCI ) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Debbie Young - Director, IR Tom Ryan - Chairman and CEO Eric Tanzberger - SVP and CFO Conference Call Participants Joanna Gajuk - Bank of America John Ransom - Raymond James Scott Schneeberger - Oppenheimer A.J. Rice - Credit Suisse Operator Good morning and welcome to the SCI Shared Second Quarter 2022 Earnings Call.

Service Corporation International (SCI) CEO Tom Ryan on Q2 2022 Results Earnings Call Transcript

Service Corporation's (SCI) second-quarter 2022 revenues increase year over year on higher funeral revenues. However, earnings decline year over year.

Service Corporation (SCI) Q2 Earnings Top Estimates, Sales Up

Service Corp. (SCI) delivered earnings and revenue surprises of 2.44% and 3.61%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Service Corp. (SCI) Beats Q2 Earnings and Revenue Estimates

Conference call on Wednesday, August 3, 2022, at 8:00 a.m. Central Time.

News for Service Corp Stock (SCI)