Service Corporation International (SCI) posted third-quarter 2024 results, wherein the top and bottom lines increased year over year.Management is encouraged by the favorable impact on funeral revenues resulting from its new marketing partnership with a preferred preneed insurance provider, which was launched in the third quarter. Both funeral and cemetery gross profits remained relatively stable year over year, with modest revenue improvement reflecting the company’s ongoing focus on fixed cost management. ...

For the quarter ended September 2024, Service Corp. (SCI) reported revenue of $1.01 billion, up 1.2% over the same period last year. EPS came in at $0.79, compared to $0.78 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.01 billion, representing a surprise of +0.16%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.79. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...

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. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this funeral home and cemetery operator would post earnings of $0.86 per share when it actually produced earnings of $0.79, delivering a surprise of -8.14%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Serv ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) October 30, 2024 | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------|-------|--------------------------------------|------------| | (Exact name of registrant as specified in its charter) \nService Corporation ...

Conference call on Thursday, October 31, 2024, at 8:00 a.m. Central Time. HOUSTON, Oct. 30, 2024 /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the third quarter of 2024.Third Quarter Highlights: Revenue grew $12.1 million over the third quarter of 2023 Earnings per share was $0.81 compared to $0.80 in the third quarter of 2023 Adjusted earnings per share was $0.79 compared to $0.78 in the th ...

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. Details of the conference call are as follows: What: Service Corporation International Third Quarter 2024 Earnings Conference Call When: Thursday, October 31, 2024, at 8:00 a.m. Central Time How: Dial-In Numbers – (88 ...

Core Insights - SCI Capital Partners LP has closed a structured continuation vehicle transaction with Apollo Funds to support the growth of Morton Salt and Reddy Ice, with SCI maintaining control over both companies [1][2] Group 1: Company Overview - Morton Salt is the largest pure-play salt company globally, with a 175-year history and strong positions in various end markets and salt categories [3] - Reddy Ice is the largest packaged ice manufacturer in the U.S., with diversified sales channels and a significant installed base of machines across different geographies [3] - Reddy Ice has made its first international acquisition of Fábrica de Hielo Apodaca, S.A. de C.V., the largest ice manufacturer in Mexico [3] Group 2: Strategic Partnerships - Apollo Funds provided support through a syndicate of new institutional investors, enhancing the strategic and operational expertise available to SCI [2][4] - SCI's Managing Partner expressed optimism about collaborating with Apollo to execute long-term strategic plans for Morton Salt and Reddy Ice [4] - Apollo representatives highlighted the potential for long-term growth in Morton Salt and Reddy Ice, emphasizing a partnership-oriented approach to capital solutions [4] Group 3: Financial Advisory and Support - PJT Partners acted as financial advisor, while Gibson Dunn and Ernst & Young provided legal and tax advisory services to SCI [4] - UBS Investment Bank and Proskauer Rose LLP served as financial and legal advisors to the Apollo Funds [4] Group 4: Company Profiles - SCI Capital Partners LP focuses on market-leading companies in essential industries, aiming to build industrial companies with high barriers to entry [5] - Apollo is a global alternative asset manager with approximately $696 billion in assets under management as of June 30, 2024, providing innovative capital solutions for growth [6]

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 Advi ...

HOUSTON, Aug. 7, 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 September 30, 2024 to shareholders of record at the close of business on September 13, 2024. While the Company intends to pay regular quarterly cash dividends for the fo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended JUNE 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-6402-1 SERVICE CORPORATION INTERNATIONAL (Exact name of registrant as specified in its charter) Texas 74-1488375 (State or other jurisdiction ...