SCI Q3 Earnings Match Estimates, Funeral Revenues Increase Y/Y

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. ...