Service Corporation International (SCI) FY Conference June 10, 2025 10:30 AM ET Speaker0 Good morning, everyone. I'm Scott Schnaberg, the senior business services analyst Thank you all for joining us today. It's our pleasure to have from Service Corp's chief financial officer, Eric Tansberger, to speak on the company's investment story. Now we're drawn to Service Corp's leading position in the funeral services and cemetery offerings industry. Its opportunity to capitalize on the favorable demographics of an ...

Carriage Services (CSV) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing ...

Carriage Services (CSV) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants None - ExecutiveSteven Metzger - PresidentCarlos Quezada - CEO & Vice ChairmanJohn Enwright - SVP, CFO & TreasurerAlexander Paris - President & SMD Conference Call Participants John Franzreb - Senior Equity AnalystGeorge Kelly - Managing Director, Senior Research Analyst None Hello, and welcome to the event center. An event specialist will join you shortly. If you're a speaker or presenter, please notify the event sp ...

Financial Data and Key Metrics Changes - For the first quarter, total revenue was reported at $107.1 million, an increase of $3.6 million or 3.5% compared to the same quarter last year [9] - GAAP net income for the first quarter was $20.9 million, an increase of $13.9 million or 200.1% [22] - Adjusted diluted EPS for the first quarter was $0.96 per share, an increase of $0.21 or 28% compared to the prior year quarter [13] - Adjusted consolidated EBITDA was $32.9 million, a decrease of $653,000 or 1.9% [12] Business Line Data and Key Metrics Changes - Total funeral operating revenue was $69.1 million, an increase of $3 million or 4.6% year-over-year, driven by a 1.8% increase in average revenue per contract and a 2.4% increase in admin volume [9] - Total cemetery revenue reached $27.9 million, an increase of $1.5 million or 5.8% [11] - Financial revenue was $7.4 million, an increase of $613,000 or 9.1%, primarily from preneed insurance funeral sales [12] Market Data and Key Metrics Changes - The company observed a shift in flu season, impacting volume expectations, with a positive variance of 7.7% compared to the first quarter of the previous year [10] - The preneed cemetery growth rate is expected to be between 10% to 20% for the year [11] Company Strategy and Development Direction - The company is maintaining its current guidance while monitoring economic conditions, with plans to potentially raise guidance if momentum continues [14][15] - The Trinity system is in Phase one of implementation, focusing on back office systems, with Phase two expected to begin in the third quarter [16] - The company is excited about the rollout of its express funeral funding partnership, aimed at improving family financial flexibility and unlocking new sales potential [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's momentum and the strength of its financial strategy, despite broader economic uncertainties [14][19] - The company is focused on operational excellence and innovation to create lasting value for shareholders [20] Other Important Information - Cash provided by operating activities for the quarter was $13.8 million, down from $19.7 million in the prior year [23] - The company ended the quarter with a maintained leverage ratio of 4.2 times, down from 5 times [24] Q&A Session Summary Question: How was March and April performance? - Management indicated that momentum has continued strongly from January through April, primarily due to volume increases [30][31] Question: What is the outlook for preneed and terming rates sold? - Management noted that while there was a decline in preneed property rights sold, they expect a return to normal growth rates starting in the second quarter [34][35] Question: What are the expected proceeds from property monetization in Q2? - Management estimated around $6 million in proceeds from property sales in Q2, which is factored into guidance [56] Question: How does the company plan to react in a recessionary environment? - Management expressed confidence in the resilience of the industry, noting that demand remains stable even during economic downturns [51][52] Question: What cost-saving measures are currently in place? - Management highlighted ongoing supply chain initiatives and fleet management as key areas for cost savings [47][48]

Service Corporation International (SCI) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 Good day, and welcome to the SCI First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. By pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. Note this event is being recorded. I would like to turn the conference over to SCI Mana ...

Core Insights - Service Corp. (SCI) reported revenue of $1.07 billion for the quarter ended March 2025, reflecting a year-over-year increase of 2.8% and a surprise of +1.94% over the Zacks Consensus Estimate of $1.05 billion [1] - Earnings per share (EPS) for the quarter was $0.96, up from $0.89 in the same quarter last year, resulting in an EPS surprise of +6.67% compared to the consensus estimate of $0.90 [1] Financial Performance Metrics - Total comparable funeral average revenue per service was $5,748, slightly above the estimated $5,720.04 [4] - The number of funeral services performed was 97,854, exceeding the average estimate of 92,544 [4] - Cemetery revenues were reported at $434.70 million, below the average estimate of $446.38 million, representing a year-over-year decline of -1.3% [4] - Funeral revenues reached $639.50 million, surpassing the estimated $607.33 million, marking a year-over-year increase of +5.8% [4] - Gross profit from cemetery services was $137.40 million, lower than the average estimate of $143.59 million [4] - Gross profit from funeral services was $154 million, exceeding the average estimate of $132.71 million [4] Stock Performance - Over the past month, shares of Service Corp. have returned -1%, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Carriage Services (CSV) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this provider of funeral and cemetary services and products would post earnings of $0.51 per share when it actually produced earnings of $0.62, delivering a surprise of 21. ...