For the quarter ended June 2024, Service Corp. (SCI) reported revenue of $1.03 billion, up 2% over the same period last year. EPS came in at $0.79, compared to $0.83 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.01 billion, representing a surprise of +2.06%. The company delivered an EPS surprise of -8.14%, with the consensus EPS estimate being $0.86. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Service Corp. (SCI) came out with quarterly earnings of $0.79 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -8.14%. A quarter ago, it was expected that this funeral home and cemetery operator would post earnings of $0.85 per share when it actually produced earnings of $0.89, delivering a surprise of 4.71%. Over the last fou ...

Core Insights - Service Corporation International (SCI) reported a revenue increase of $20.6 million in Q2 2024 compared to Q2 2023, reaching $1,034 million [1][2] - Earnings per share (EPS) decreased to $0.81 from $0.86 year-over-year, while adjusted EPS was $0.79 compared to $0.83 in the prior year [1][2] - Net cash provided by operating activities rose to $196.9 million from $144.1 million in the same quarter last year, with adjusted operating cash flow increasing to $219.9 million from $157.4 million [1][2] Financial Performance - Revenue for the first half of 2024 was $2,079.4 million, slightly down from $2,042.1 million in the first half of 2023 [2] - Operating income for Q2 2024 was $220.8 million, down from $233.5 million in Q2 2023 [2] - Net income attributable to common stockholders was $118.2 million in Q2 2024, compared to $132.2 million in Q2 2023 [2] Cash Flow and Capital Allocation - The company generated strong cash flow from operations, allowing for reinvestment and capital return to shareholders through share repurchases and dividends [1][2] - Capital expenditures for 2024 are projected at $325 million, including $125 million for maintenance and $165 million for cemetery development [4] Outlook for 2024 - The company expects full-year adjusted EPS to be at the lower end of the guidance range of $3.50 to $3.80 due to lower-than-expected funeral services performed [3][4] - The midpoint of the adjusted cash flow from operations guidance is reiterated at $900 million to $960 million [3][4] Operational Highlights - Comparable core preneed funeral sales production increased by $9.7 million, or 4.0%, in the current quarter [1] - The average revenue per funeral service rose to $5,636, up from $5,568 in the previous year [13]

Core Insights - Service Corporation International (SCI) has a trailing four-quarter earnings surprise of 6.1% on average and delivered a 4.7% earnings surprise in the last reported quarter [1][2]. Financial Performance - The Zacks Consensus Estimate for SCI's quarterly revenues is pegged at $1.01 billion, indicating a slight decline from the prior-year quarter's reported figure [12]. - The consensus estimate for quarterly earnings has remained unchanged at 86 cents per share, suggesting a year-over-year growth of 3.6% [7]. - The Cemetery segment is expected to generate revenues of $456.2 million, reflecting a 1.8% increase compared to the same quarter last year [8]. Market Conditions - Adverse impacts from moderation in consumer discretionary spending amid an inflationary environment and higher interest rates pose threats to the company's performance [2]. - The company carries a Zacks Rank of 3 and has an Earnings ESP of 0.00%, indicating no clear prediction for an earnings beat this time [3][9]. Comparisons with Other Companies - Clorox (CLX) is expected to report a decline in both top and bottom lines, with quarterly revenues estimated at $1.97 billion, a 2.4% decrease from the prior-year quarter [4]. - Coty (COTY) has a positive Earnings ESP of +22.73% and is expected to see a 400% surge in earnings compared to the year-ago quarter [10]. - Procter & Gamble (PG) is likely to register top-line growth with a consensus revenue estimate of $20.72 billion, suggesting a 0.8% increase from the previous year [17].

D-Keine One company that will always have a special place in my heart is Service Corporation International (NYSE:SCI). Even though it may seem odd for a funeral home and cemetery owner/operator to strike an emotional chord with someone, the company was not only one of the first five firms that I ever bought shares in, it was also the subject of a major research report that I wrote in graduate school. The last article that I wrote about the company was published approximately one year ago, in July of 2023. A ...

Service Corporation International (SCI) appears poised for growth due to strength in its Cemetery segment and its focus on expansion. Shares of this provider of deathcare products and services have risen 9.1% in the past six months compared with the industry's growth of 5.7%. Service Corporation has been seeing a rise in Cemetery segment revenues for a while now. In the first quarter of 2024, consolidated Cemetery revenues came in at $440.6 million, up from $419 million reported in the year-ago quarter. Com ...

What: Service Corporation International Second Quarter 2024 Earnings Conference Call (877) 344-7529, International callers at (412) 317-0088, Code – 4764590 available through August 8, 2024, and the webcast for at least 90 days through our website at www.sci-corp.com in the Investors section under "Webcasts and Events" SOURCE Service Corporation International When: Thursday, August 1, 2024, at 8:00 a.m. Central Time Contact: Sandy Bobo at (713) 525-5395 HOUSTON, July 17, 2024 /PRNewswire/ -- Service Corpora ...

Core Insights - Service Corporation International (SCI) is experiencing growth in its Cemetery segment revenues, with consolidated Cemetery revenues reaching $440.6 million in Q1 2024, up from $419 million in the same quarter last year, marking a 5% increase in comparable cemetery revenues [3] - The company is focused on capital investments to enhance its network, including renovations of existing funeral locations and the establishment of new cemeteries in high-growth areas [5][12] - The company has a solid acquisition pipeline and aims to be at the upper end of its $75-$125 million acquisition goal for 2024 [13] Financial Performance - In Q1 2024, core revenues increased by $18.9 million, driven by a 7.8% rise in comparable preneed cemetery sales production [3] - The Zacks Consensus Estimate for 2024 earnings per share (EPS) is projected to be between $3.50 and $3.80, indicating a year-over-year growth from $3.47 per share in 2023 [14] - The company's shares have risen by 6.9% over the past six months, outperforming the industry growth of 2.9% [2] Investment Strategy - In Q1 2024, the company invested $103 million in enhancements, with approximately $70 million allocated for maintenance capital expenditures [11] - Management is elevating cemetery inventory options to cater to a diverse customer base, including both casketed and cremation consumers [12] - The company continues to seek market share opportunities through the construction of new funeral home facilities [5]

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 ...