Service Corporation International (SCI) has been gaining from increased Cemetery segment revenues. The company remains focused on making capital investments to strengthen its network, as part of which it is investing in its current funeral locations, and renovating and updating its venues to establish a more contemporary setup. Shares of this Zacks Rank #2 (Buy) company have risen 6.9% in the past six months compared with the industry's growth of 2.9%. Service Corporation has been seeing a rise in Cemetery ...

Service Corporation International (NYSE:SCI) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Debbie Young - Director, Investor Relations Tom Ryan - Chairman & Chief Executive Officer Eric Tanzberger - Senior Vice President & Chief Financial Officer Conference Call Participants A.J. Rice - UBS Parker Snure - Raymond James Joanna Gajuk - Bank of America Scott Schneeberger - Oppenheimer Tobey Sommer - Truist Operator Good day and welcome to the SCI First Quarter 2024 Earnings Confe ...

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 MARCH 31, 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 ...

SERVICE CORPORATION INTERNATIONAL Non-GAAP Financial Measures May 2, 2024 Definitions: Non-GAAP Financial Measures 2 This information should not be considered in isolation or as a substitute for related GAAP measures. Additionally, these measures as calculated by the Company may not be comparable to similarly titled measures used by other companies. ADJUSTED EPS OR DILUTED EARNINGS PER SHARE EXCLUDING SPECIAL ITEMS We use diluted earnings per share excluding special items (adjusted EPS) as an underlying ope ...

Revenue and Earnings - Revenue for Q1 2024 was $1,045.4 million, an increase of $16.7 million compared to Q1 2023[4] - Diluted earnings per share for Q1 2024 was $0.89, down from $0.93 in Q1 2023[6] - Net income for Q1 2024 was $131.3 million, a decrease of 9.3% compared to $144.8 million in Q1 2023[19] - Total revenue for Q1 2024 was $604.7 million, down 0.8% from $609.7 million in Q1 2023[21] - Gross profit margin decreased to 21.8% in Q1 2024 from 24.5% in Q1 2023[21] - Comparable funeral revenue decreased by 1.4% to $599.4 million in Q1 2024 compared to $607.9 million in Q1 2023[24] - Core funeral revenue increased by $3.7 million, or 0.7%, primarily due to a 3.9% increase in core average revenue[31] Cash Flow and Operating Activities - Net cash provided by operating activities was $220.1 million, slightly up from $219.6 million in Q1 2023[5] - Cash flows from operating activities were $220.1 million in Q1 2024, slightly up from $219.6 million in Q1 2023[19] - The forecast for net cash provided by operating activities excluding special items is between $935 million and $985 million for 2024[8] Sales and Production - Comparable preneed cemetery sales production grew by 7.8% in Q1 2024[5] - Total preneed sales decreased by 2.4% to $315.2 million in Q1 2024 from $323.0 million in Q1 2023[24] - Total recognized preneed revenue rose by $19.5 million, or 7.0%, benefiting from a $23.8 million increase in comparable preneed sales production, or 7.8%[30] - The company reported a decrease in comparable funeral services performed by 2.8% to 93,341 in Q1 2024 from 96,051 in Q1 2023[24] Capital Expenditures and Investments - Capital improvements at existing field locations are budgeted at $125 million for 2024[8] - Development of cemetery property is expected to be $165 million in 2024[8] - Total maintenance, cemetery development, and other capital expenditures are projected to be $325 million[8] - Capital expenditures for Q1 2024 were $79.8 million, compared to $77.9 million in Q1 2023[19] - Total capital expenditures decreased by $1.9 million to $79.8 million in Q1 2024, primarily due to lower spending on digital investments[34] Interest and Tax - Interest expense increased by $10.4 million to $64.4 million in Q1 2024, primarily due to higher interest rates on floating rate debt[34] - The GAAP effective income tax rate for Q1 2024 was 22.9%, down from 24.5% in the prior year quarter[34] Asset Growth - Total assets increased to $16.7 billion in Q1 2024, up from $16.4 billion in Q1 2023, representing a growth of 2.1%[17] Guidance and Forecast - The 2024 guidance for diluted earnings per share excluding special items is projected to be between $3.50 and $3.80[8] - The combined trust fund returns for the three months ended March 31, 2024, were 5.6%[35]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended DECEMBER 31, 2023 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 ...

Service Corporation International (NYSE:SCI) Q4 2023 Earnings Conference Call February 13, 2024 9:00 AM ET Company Participants Debbie Young - Director, Investor Relations Thomas Ryan - Chairman, President and Chief Executive Officer Eric Tanzberger - Senior Vice President and Chief Financial Officer Conference Call Participants A.J. Rice - UBS Tobey Sommer - Truist Securities John Ransom - Raymond James Scott Schneeberger - Oppenheimer Joanna Gajuk - Bank of America Operator Good day and welcome to the SCI ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended SEPTEMBER 30, 2023 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) Washington, D.C. 20549 Texas 74-1488375 (State or other jurisdic ...

Service Corporation International (NYSE:SCI) Q3 2023 Earnings Conference Call November 2, 2023 9:00 AM ET Company Participants Debbie Young - Director, IR Thomas Ryan - Chairman, President & CEO Eric Tanzberger - SVP & CFO Conference Call Participants Joanna Gajuk - Bank of America Merrill Lynch Daniel Hultberg - Oppenheimer John Ransom - Raymond James & Associates Operator Good morning, and welcome to the SCI Third Quarter 2023 Earnings Conference Call. [Operator Instructions]. Please note that the event i ...

Non-GAAP Financial Measures Definitions: Non-GAAP Financial Measures This information should not be considered in isolation or as a substitute for related GAAP measures. Additionally, these measures as calculated by the Company may not be comparable to similarly titled measures used by other companies. We use diluted earnings per share excluding special items (adjusted EPS) as an underlying operational performance measure of the business and to have a basis to compare operating results to prior and future p ...