Workflow
cemetery and cremation services
icon
Search documents
SERVICE CORPORATION INTERNATIONAL ANNOUNCES THIRD QUARTER 2025 FINANCIAL RESULTS, CONFIRMS 2025 EARNINGS MIDPOINT AND RAISES 2025 CASH FLOW GUIDANCE
Prnewswire· 2025-10-29 20:15
Core Insights - Service Corporation International (SCI) reported adjusted earnings per share of $0.87 for Q3 2025, reflecting a 10% increase compared to $0.79 in Q3 2024 [3][7][8] - The company generated net cash from operating activities of $252.3 million in Q3 2025, a decrease from $263.8 million in the same quarter of the previous year, primarily due to an expected increase in cash taxes paid [3][7][8] - Revenue for Q3 2025 was $1,058.1 million, up 4.4% from $1,014.0 million in Q3 2024, driven by strong performance in the cemetery segment [5][7] Financial Performance - Operating income for Q3 2025 was $226.4 million, compared to $212.4 million in Q3 2024, indicating a year-over-year increase [5][14] - Net income attributable to common stockholders was $117.5 million in Q3 2025, slightly down from $117.8 million in Q3 2024 [5][14] - The diluted earnings per share (EPS) was $0.83 for Q3 2025, compared to $0.81 in Q3 2024, with adjusted diluted EPS at $0.87 [5][8] Segment Performance - The cemetery segment saw a 10% increase in preneed cemetery sales production, contributing to a 7% growth in comparable cemetery revenue and a 12% increase in cemetery gross profit [3][7] - Comparable core funeral average increased, but was offset by a decline in comparable core funeral services performed [3][7] - Non-funeral home sales average rose by 13.4%, significantly outpacing the slight decline in non-funeral home services performed [3][7] Guidance and Outlook - The company confirmed its 2025 guidance with a narrowed range for earnings per share expected between $3.80 and $3.90, and an increased cash flow outlook of $910 million to $950 million [6][9] - The anticipated long-term growth framework for diluted EPS from continuing operations, excluding special items, is projected to be within 8%-12% [6][9] Cash Flow and Capital Expenditures - Year-to-date net cash provided by operating activities increased by 7.2% to $729.9 million compared to $680.8 million in the prior year [7][14] - The company plans to allocate $315 million for maintenance, cemetery development, and other capital expenditures in 2025 [9][14]
Service Corporation International Announces Schedule For Third Quarter 2025 Earnings Release and Conference Call
Prnewswire· 2025-10-16 15:37
Core Viewpoint - Service Corporation International (SCI) is set to release its financial results for the third quarter of 2025 on October 29, 2025, with a conference call scheduled for October 30, 2025 [1][5]. Company Overview - Service Corporation International, headquartered in Houston, Texas, is the leading provider of funeral, cemetery, and cremation services in North America, serving over 600,000 families annually [2]. - As of September 30, 2025, SCI operates 1,487 funeral service locations and 499 cemeteries across 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico [2]. - The company's Dignity Memorial® brand is recognized for its professionalism and compassionate service [2]. Upcoming Events - The third quarter 2025 earnings conference call will take place on October 30, 2025, at 8:00 a.m. Central Time, with dial-in options available for participants [5]. - A replay of the conference call will be accessible starting November 6, 2025, and will remain available for at least 90 days [5].
SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND AND INCREASES SHARE REPURCHASE AUTHORIZATION
Prnewswire· 2025-05-06 15:26
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]
SERVICE CORPORATION INTERNATIONAL DECLARES QUARTERLY CASH DIVIDEND AND INCREASES SHARE REPURCHASE AUTHORIZATION
Prnewswire· 2025-05-06 15:26
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]
SERVICE CORPORATION INTERNATIONAL ANNOUNCES FIRST QUARTER 2025 FINANCIAL RESULTS AND CONFIRMS 2025 GUIDANCE
Prnewswire· 2025-04-30 20:15
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]