Core Insights - Service Corp. (SCI) reported revenue of $1.07 billion for the quarter ended March 2025, reflecting a year-over-year increase of 2.8% and a surprise of +1.94% over the Zacks Consensus Estimate of $1.05 billion [1] - Earnings per share (EPS) for the quarter was $0.96, up from $0.89 in the same quarter last year, resulting in an EPS surprise of +6.67% compared to the consensus estimate of $0.90 [1] Financial Performance Metrics - Total comparable funeral average revenue per service was $5,748, slightly above the estimated $5,720.04 [4] - The number of funeral services performed was 97,854, exceeding the average estimate of 92,544 [4] - Cemetery revenues were reported at $434.70 million, below the average estimate of $446.38 million, representing a year-over-year decline of -1.3% [4] - Funeral revenues reached $639.50 million, surpassing the estimated $607.33 million, marking a year-over-year increase of +5.8% [4] - Gross profit from cemetery services was $137.40 million, lower than the average estimate of $143.59 million [4] - Gross profit from funeral services was $154 million, exceeding the average estimate of $132.71 million [4] Stock Performance - Over the past month, shares of Service Corp. have returned -1%, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Service Corp. (SCI) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.67%. A quarter ago, it was expected that this funeral home and cemetery operator would post earnings of $1.05 per share when it actually produced earnings of $1.06, delivering a surprise of 0.95%.Over the last four ...

Exhibit 99.1 SERVICE CORPORATION INTERNATIONAL ANNOUNCES FIRST QUARTER 2025 FINANCIAL RESULTS AND CONFIRMS 2025 GUIDANCE Conference call on Thursday, May 1, 2025, at 8:00 a.m. Central Time. HOUSTON, Texas, April 30, 2025 . . . Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the first quarter of 2025. First Quarter Highlights: Tom Ryan, the Company's Chairman and CEO, commented on the first quarter performance ...

Conference call on Thursday, May 1, 2025, at 8:00 a.m. Central Time. HOUSTON, April 30, 2025 /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the first quarter of 2025.First Quarter Highlights: Revenue grew $28.8 million over the first quarter of 2024 Gross profit increased $17.2 million, or 6%, over the same quarter of last year Comparable total funeral services performed grew 1.8% in the curr ...

Core Viewpoint - Service Corporation International (SCI) is expected to show growth in both revenue and earnings for the first quarter of 2025, with revenue estimates at $1.05 billion and earnings per share at 90 cents, reflecting increases from the previous year [1][2]. Group 1: Revenue and Earnings Estimates - The Zacks Consensus Estimate for SCI's revenues is $1.05 billion, indicating a 0.8% increase from the prior-year quarter [1]. - The consensus estimate for quarterly earnings per share is 90 cents, suggesting a 1.1% increase from the figure reported in the year-ago quarter [1]. - The Cemetery segment is projected to generate revenues of $446.4 million, up from $440.6 million in the previous year, while the Funeral segment is expected to contribute $607.3 million, slightly up from $604.7 million [3]. Group 2: Business Model and Strategic Positioning - SCI benefits from a recession-resilient business model and a diverse portfolio, including pre-need and at-need funeral and cemetery services [2]. - Favorable demographics, such as the aging baby boomer population and urbanization trends, position the company well for growth [2]. - Strategic investments in high-growth regions like California, Florida, and Texas, along with acquisitions of funeral homes and cemeteries, enhance SCI's service capabilities [2]. Group 3: Earnings Prediction and Market Position - The current Zacks Rank for SCI is 4 (Sell), and the Earnings ESP is 0.00%, indicating that the model does not predict an earnings beat this time [4]. - The company has a trailing four-quarter negative earnings surprise of 0.6% on average [1].

Core Viewpoint - Service Corporation International (SCI) is set to release its financial results for the first quarter of 2025 on April 30, 2025, followed by a conference call on May 1, 2025 [1][2] Company Overview - Service Corporation International, headquartered in Houston, Texas, is the leading provider of funeral, cemetery, and cremation services in North America, serving over 600,000 families annually [1] - The company operates a diversified portfolio of brands, offering a range of services from simple cremations to full life celebrations and personalized remembrances [1] - As of March 31, 2025, SCI owned and operated 1,489 funeral service locations and 496 cemeteries across 42 states, eight Canadian provinces, the District of Columbia, and Puerto Rico [1]

Group 1 - Service Corporation International (SCI) operates in the funeral and cemetery services sector in North America, holding approximately 17% of the total market share [1] - The company is well positioned to benefit from the recovery of the funeral business following the global pandemic [1]

Core Insights - Service Corporation International (SCI) has increased its quarterly dividend by 6.7% to 32 cents per share, with payment scheduled for March 31, 2025 [1] - The company has returned approximately $428 million to investors in 2024, including over $174 million in dividends and more than $250 million in stock buybacks, demonstrating strong financial health [3] - SCI's aggressive acquisition strategy in 2024 involved spending $181 million, surpassing its target range of $75 million to $125 million, to enhance its market presence [4] - The transition from trust-funded to insurance-funded pre-need contracts is expected to improve revenue predictability and profitability, despite a temporary decline in pre-need sales production [5] - The company is investing $25 million in technology and operational efficiencies in 2025 to enhance customer engagement and streamline processes [6] Financial Performance - In the fourth quarter of 2024, SCI returned approximately $100 million to shareholders, distributing $43 million in dividends and repurchasing nearly $56 million worth of shares [2] - The stock has risen 3.2% over the past six months, compared to the industry's growth of 4.1% [6] Strategic Initiatives - SCI's strategic investments and leadership position in the deathcare industry are expected to benefit from long-term demographic trends [10] - The company continues to focus on balancing growth investments with shareholder rewards through its capital allocation strategy [3][10]

Core Points - Service Corporation International (SCI) has announced a 6.7% increase in its quarterly cash dividend, raising it from thirty cents to thirty-two cents per share of common stock [1] - The new dividend is payable on March 31, 2025, to shareholders of record as of March 14, 2025 [1] - The company intends to continue paying regular quarterly cash dividends, subject to the Board of Directors' review of financial performance [1] Company Overview - Service Corporation International is the largest provider of deathcare products and services in North America, serving approximately 700,000 families annually [3] - The company operates a diversified portfolio of brands, offering a range of services from simple cremations to full life celebrations [3] - As of December 31, 2024, SCI owned and operated 1,493 funeral service locations and 496 cemeteries across 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico [3]

Company Operations - The company operates 1,493 funeral service locations and 496 cemeteries across 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico, serving approximately 700,000 families annually[158]. Financial Performance - Total revenue for 2024 was $4.186 billion, an increase from $4.099 billion in 2023, representing a growth of approximately 2.1%[273]. - Service revenue increased to $1.732 billion in 2024 from $1.683 billion in 2023, reflecting a growth of about 2.9%[273]. - Gross profit for 2024 was $1.091 billion, slightly down from $1.092 billion in 2023, indicating a decrease of approximately 0.1%[273]. - Consolidated net income attributable to common stockholders for 2024 was $518.6 million, a decrease from $537.3 million in 2023, with earnings per diluted share remaining at $3.53[209]. - The company reported a total comprehensive income of $486.632 million for 2024, down from $546.014 million in 2023, a decrease of about 10.9%[275]. Cash Flow and Investments - Operating cash flow increased to $944.9 million in 2024 from $869.0 million in 2023, reflecting a $75.9 million increase[171]. - The company reported a net cash used in investing activities of $620,949 in 2024, compared to $469,386 in 2023, indicating a 32.2% increase[278]. - Capital expenditures for 2024 were $389,107, an increase of 7.6% compared to $361,793 in 2023[278]. - The company reported realized gains from sales of securities of $509.98 million in 2024, significantly higher than $281.17 million in 2023[348]. Debt and Leverage - The company had $4.8 billion in aggregate principal outstanding on debt and finance leases as of December 31, 2024, with $83.9 million due in the next twelve months[174]. - The leverage ratio was 3.65 as of December 31, 2024, within the target range of 3.5x to 4.0x[165]. - Approximately 84% of the company's total debt as of December 31, 2024, consisted of fixed-rate debt at a weighted average rate of 4.64%[255]. Shareholder Returns - The quarterly dividend rate increased from $0.025 per share in 2005 to $0.30 per share at the end of 2024, targeting a payout ratio of 30% to 40% of after-tax earnings[168]. - In 2024, the company repurchased 3,439,551 shares at an average cost of $72.63 per share, totaling $249.8 million[168]. - Dividends declared on common stock increased to $174,282 in 2024, up from $167,983 in 2023, representing a 7.7% increase[279]. Trust and Preneed Sales - As of December 31, 2024, the company has a $16.0 billion backlog of future revenue from trust and insurance-funded preneed sales, enhancing revenue stability and predictability[159]. - Preneed insurance-funded sales production reached $725.0 million in 2024, with 120,434 contracts sold, compared to $704.8 million and 113,095 contracts in 2023[186]. - Preneed trust-funded sales production decreased to $480.0 million in 2024 from $541.5 million in 2023, representing a decline of approximately 11.4%[189]. - The backlog of insurance-funded contracts was $8.37 billion as of December 31, 2024, compared to $7.78 billion in 2023, indicating an increase of 7.6%[193]. Asset Management - The total fair value of trust investments was $7,084.7 million, with unrealized gains of $1,094.8 million and unrealized losses of $211.6 million[350]. - The fair value of deferred receipts held in trust increased to $5.16 billion in 2024 from $4.50 billion in 2023, a growth of 14.7%[193]. - Trust investments at fair value rose to $7,084.7 million in 2024, compared to $6,394.8 million in 2023, marking an increase of 10.8%[345]. Expenses and Costs - Consolidated funeral gross profit decreased by $31.8 million, or 6.4%, to $465.3 million in 2024, attributed to higher employee-related costs and increased maintenance expenses from natural disasters[213]. - Corporate general and administrative expenses decreased to $139.0 million in 2024 from $157.4 million in 2023, with a notable $20.3 million reduction in legal reserves[219]. - Interest expense increased by $18.3 million to $257.8 million in 2024, primarily due to higher interest rates on floating rate debt[222]. Tax and Regulatory Matters - The effective tax rate for 2024 was 23.2%, down from 24.1% in 2023, mainly due to increased excess tax benefits from employee share-based awards[223]. - The company believes it is reasonably possible that the recorded amount of gross unrecognized tax benefits may decrease by $0.4 million within the next twelve months[248]. Goodwill and Intangible Assets - The consolidated goodwill balance was $2.1 billion as of December 31, 2024, with $1.7 billion associated with the funeral reporting unit[268]. - The company performed its annual goodwill impairment test using a 7.50% discount rate and revenue growth rates averaging 2.8% over a six-year period[308]. Market Risks - The company’s exposure to market risk includes price risk from marketable equity and debt securities, interest rate risk from floating rate debt, and currency risk primarily associated with the Canadian dollar[251]. - A hypothetical 10% increase in interest rates would increase the company's interest expense by $4.9 million[255].