Conference call on Thursday, February 13, 2025, at 8:00 a.m. Central Time. HOUSTON, Feb. 12, 2025 /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the fourth quarter of 2024.Highlights: Revenue increased $37 million, or 4%, over the fourth quarter of 2023 with growth in both the funeral and cemetery segments Comparable preneed cemetery sales production grew 2.0% in the current quarter Comparabl ...

Service Corporation International (SCI) is likely to register top and bottom-line growth when it reports fourth-quarter 2024 earnings on Feb. 12. The Zacks Consensus Estimate for revenues is pegged at $1.08 billion, indicating a 2.8% increase from the prior-year quarter’s reported figure.The consensus mark for earnings has remained unchanged in the past 30 days at $1.05 per share, which suggests a 12.9% jump from the figure reported in the year-ago quarter. SCI has a trailing four-quarter earnings surprise ...

Wall Street analysts expect Service Corp. (SCI) to post quarterly earnings of $1.05 per share in its upcoming report, which indicates a year-over-year increase of 12.9%. Revenues are expected to be $1.09 billion, up 2.8% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company announces its earnings, it is essential to ...

HOUSTON, Jan. 30, 2025 /PRNewswire/ -- Service Corporation International (NYSE: SCI) announced it expects to issue a press release with financial results for the fourth quarter 2024 on Wednesday, February 12, 2025.  A conference call will be hosted by SCI Management on Thursday, February 13, 2025.  Details of the conference call are as follows:  What:    Service Corporation International Fourth Quarter 2024 Earnings Conference Call When:    Thursday, February 13, at 8:00 a.m. Central Time ...

Ever since I did a case study on the funeral home industry back in college over a decade ago, I have enjoyed analyzing the space and the companies in it. There is a certain novelty aboutCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live chat discu ...

Service Corporation International (SCI) , a dominant player in the North American deathcare industry, is well-positioned to benefit from the essential nature of its services, which remain resilient during economic downturns. The company’s diverse portfolio, including traditional and modern burial and memorial services, caters to a wide range of consumer preferences, creating multiple revenue streams. The ongoing demographic shift, particularly the aging of the baby boomer generation, presents a strong tailw ...

Core Insights - Service Corporation International (SCI) has experienced a stock price increase of 28.1% over the past six months, outperforming the industry growth of 26.8% and the broader S&P 500's gains of 4.4% [1] - The company closed at $88.60, nearing its 52-week high of $89.31, with technical indicators suggesting bullish sentiment as it trades above its 50-day and 200-day moving averages [4] Company Performance - SCI benefits from a vast network of funeral homes and cemeteries, providing recession resilience due to the essential nature of its services, which are largely immune to discretionary spending cuts [5] - The company has adopted a disciplined approach to expansion, investing $123 million in acquiring 10 funeral homes and two cemeteries in high-growth metropolitan markets during Q3 2024 [6] - An additional $31 million was allocated for real estate purchases in key states like California, Florida, and Texas, which are experiencing strong demographic growth [6] Strategic Acquisitions - Acquisitions allow SCI to leverage scale advantages, enhancing operational efficiencies and profitability through cost savings in procurement, marketing, and administration [7] - The strategic focus on high-growth areas enables the company to broaden its service capabilities, particularly in urban regions where demand for personalized memorial services is increasing [7] - These moves align with demographic trends, particularly the aging baby boomer population, which is expected to drive demand for funeral and cemetery services over the next two decades [8] Financial Metrics - SCI's forward 12-month price-to-earnings (P/E) ratio stands at 22.82, above the industry average of 21.46, indicating that investors may be paying a premium for the stock [10] - The company faces year-over-year challenges due to the pandemic's pull-forward effects, with a slight decline in funeral volumes reported in Q3 2024 [13] - Cemetery revenues remained flat year-over-year in Q3 2024, with a $5 million increase in endowment care trust fund income offset by declines in core revenues [14] Operational Challenges - Pre-need cemetery sales production fell by 2.5% due to a decline in large sales activity, compounded by development delays in major locations [14] - The funeral segment gross profit margins decreased by 50 basis points to 19.3% in Q3, attributed to inflationary pressures outpacing revenue growth [15] - Persistent inflation and rising fixed costs may further erode margins, limiting the company's ability to grow net income [15] Investment Outlook - SCI's expansive network and recession-proof business model solidify its leadership in the North American deathcare industry, supported by strategic acquisitions and demographic-driven opportunities [16] - However, the stock's premium valuation and near-term challenges, including inflationary pressures and flat revenue growth, may limit momentum [16]

Service Corp International SCI reported better-than-expected third-quarter adjusted EPS results on Thursday.Service Corp Intl reported quarterly earnings of 79 cents per share beat the analyst consensus estimate of 77 cents per shsare. The company reported quarterly sales of $1.014 billion which missed the analyst consensus estimate of $1.016 billion.Tom Ryan, the Company’s Chairman and CEO, commented, “Today we reported adjusted earnings per share of $0.79 and net cash provided by operating activities excl ...

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 mo ...

Financial Performance - Consolidated net income attributable to common stockholders for the first nine months of 2024 was $367.3 million ($2.50 per diluted share), down from $398.9 million ($2.60 per diluted share) in the same period of 2023[105]. - Consolidated revenue from funeral operations increased by $6.6 million to $1,736.5 million for the nine months ended September 30, 2024, compared to $1,729.9 million for the same period in 2023[107]. - Comparable revenue from funeral operations decreased by $6.4 million to $1,714.2 million for the nine months ended September 30, 2024, primarily due to a $24.8 million decrease in non-funeral home preneed sales revenue[107]. - Consolidated funeral gross profit decreased by $34.6 million, or 9.2%, to $341.5 million for the first nine months of 2024 compared to the same period in 2023[108]. - Consolidated cemetery revenue increased by $42.8 million, or 3.3%, to $1,356.9 million for the nine months ended September 30, 2024, compared to $1,314.1 million for the same period in 2023[110]. - Comparable cemetery gross profit increased from $430.2 million to $438.6 million, while the gross profit percentage slightly decreased from 32.8% to 32.6%[111]. Cash Flow and Financing - Net cash provided by operating activities increased to $680.8 million for the nine months ended September 30, 2024, compared to $591.5 million for the same period in 2023, reflecting an increase of $89.3 million[72]. - Cash flows from investing activities increased to $484.6 million for the nine months ended September 30, 2024, up from $356.6 million in 2023, primarily due to a $89.3 million increase in cash spent on business acquisitions[73]. - Cash flows used in financing activities decreased to $230.8 million for the nine months ended September 30, 2024, compared to $262.2 million for the same period in 2023[74]. - The company had $1,351.0 million in remaining borrowing capacity under its Bank Credit Facility as of September 30, 2024[68]. - Interest expense increased by $19.6 million to $194.5 million for the nine months ended September 30, 2024, primarily due to higher interest rates and higher average balances on floating rate debt[114]. - Other income, net increased by $4.4 million to $7.0 million for the nine months ended September 30, 2024, primarily due to higher investment income from increased investment balances and new investment products[115]. Revenue and Sales - Total sales production for preneed contracts was $1,314.2 million for the nine months ended September 30, 2024, compared to $1,299.4 million for the same period in 2023[81]. - Preneed insurance-funded sales production for the nine months ended September 30, 2024, was $548.9 million, an increase from $537.4 million in the same period in 2023[80]. - Revenue recognized from backlog for the nine months ended September 30, 2024, was $565.2 million, down from $589.7 million in the same period in 2023[81]. - The backlog of insurance-funded contracts was $8.29 billion, equal to the expected proceeds from associated insurance policies[84]. Operational Metrics - As of September 30, 2024, the company operates 1,495 funeral service locations and 494 cemeteries, with a $16.0 billion backlog of future revenue from preneed sales[66]. - The leverage ratio as of September 30, 2024, was 3.78, within the targeted range of 3.5x to 4.0x, compared to a maximum allowable leverage ratio of 5.00[68]. - Total surety bonds outstanding increased to $453.8 million as of September 30, 2024, up from $296.7 million at December 31, 2023[76]. - The fair value of the total backlog comprised $4.58 billion related to cemetery contracts and $11.41 billion related to funeral contracts[84]. - The SCI trusts had a diversified allocation of approximately 60% equities, 27% fixed income securities, and 9% alternative investments as of September 30, 2024[89]. - The core average revenue per service increased by 2.1%, reflecting a rise in the core cremation rate to 56.8%[93]. Expenses and Taxation - Corporate general and administrative expenses rose to $43.7 million in the third quarter of 2024, compared to $33.2 million in the same quarter of 2023, influenced by long-term incentive compensation plan expenses[99]. - The effective tax rate for the three months ended September 30, 2024 was 21.1%, down from 24.5% for the same period in 2023, primarily due to more excess tax benefits recognized on employee share-based awards[103].