Core Points - Service Corporation International (SCI) announced a quarterly cash dividend of $0.32 per share, payable on June 30, 2025, to shareholders of record as of June 13, 2025 [1] - The Board of Directors has increased the authorized level of share repurchases by approximately $528 million, bringing the total current share repurchase authority to $600 million [2] - SCI is the largest provider of deathcare products and services in North America, serving over 600,000 families annually with a diversified portfolio of brands [4] Company Overview - SCI is headquartered in Houston, Texas, and operates 1,489 funeral service locations and 496 cemeteries across 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico [4] - The company offers a full range of services from simple cremations to full life celebrations, with its Dignity Memorial® brand recognized for professionalism and compassion [4]

Core Points - Service Corporation International (SCI) announced a quarterly cash dividend of $0.32 per share, payable on June 30, 2025, to shareholders of record as of June 13, 2025 [1] - The Board of Directors has increased the authorized level of share repurchases by approximately $528 million, bringing the total current share repurchase authority to $600 million [2] - SCI is the largest provider of deathcare products and services in North America, serving over 600,000 families annually with a diversified portfolio of brands [4] Company Overview - SCI is headquartered in Houston, Texas, and operates 1,489 funeral service locations and 496 cemeteries across 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico [4] - The company offers a full range of services from simple cremations to full life celebrations and personalized remembrances under its Dignity Memorial® brand [4]

Core Insights - Service Corporation International (SCI) reported an 8% growth in adjusted earnings per share and strong adjusted operating cash flows for Q1 2025, driven by performance in the funeral segment and effective cost management [3][6][9] - The company remains committed to its long-term growth strategy, focusing on revenue growth, leveraging scale, and capital investment to enhance shareholder value [4][9] Financial Performance - Revenue for Q1 2025 was $1,074.2 million, up from $1,045.4 million in Q1 2024, representing a growth of $28.8 million [5][6] - Operating income increased to $251.7 million from $232.2 million year-over-year [5][6] - Net income attributable to common stockholders rose to $142.9 million, compared to $131.3 million in the prior year [5][6] - Diluted earnings per share (EPS) was $0.98, a 10% increase from $0.89 in Q1 2024, while adjusted EPS was $0.96, reflecting an 8% growth [5][6][8] Cash Flow and Capital Management - Net cash provided by operating activities reached $311.1 million, up from $220.1 million in the same quarter last year [5][8][33] - The company plans to invest in capital improvements, cemetery property development, and digital investments, with total capital expenditures projected at $315 million for 2025 [10][33] Segment Performance - The funeral segment saw a 1.8% increase in comparable total funeral services performed and a 2.3% rise in average revenue per funeral [6][21] - The cemetery segment is focusing on production, with ongoing development expected to benefit future periods [3][4] - Comparable cemetery revenue decreased by $7.8 million, or 1.8%, primarily due to a decline in core revenue [30][34] Outlook - The company maintains its 2025 guidance for diluted EPS from continuing operations, expecting growth within the long-term framework of 8%-12% [9][10] - The anticipated diluted EPS for 2025 is projected to be between $3.70 and $4.00 [10]