Service Corporation International
SCI
ISIN US8175651046 / Valor 969683
Service Corporation International
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About company
Service Corporation International (SCI), established in 1962, operates as the premier provider of funeral, cremation, and cemetery services in North America. The company has built a reputation for offering compassionate and professional care to families navigating the complexities of losing a loved one. Annually, SCI assists over 450,000 families, demonstrating its significant role in the death care industry. Through a broad network of facilities and services, SCI addresses the diverse needs and preferences of the communities it serves, ensuring that each family receives support tailored to their unique situation. This comprehensive approach to funeral and cemetery services underscores SCI's commitment to excellence in a sector that demands sensitivity, respect, and professionalism.
Summarized from source with an LLMView SourceSector: HealthcareLatest Results (07.08.2024):
Revenue Growth
Service Corporation International reported revenue of $1,034.0 million for the second quarter of 2024, an increase from $1,013.4 million in the same quarter of 2023. This growth was driven in part by the performance of the cemetery segment, which contributed to the overall revenue increase.
Earnings Per Share
The diluted earnings per share for Service Corporation International in the second quarter of 2024 was $0.81, compared to $0.86 in the second quarter of 2023. Adjusted earnings per share, excluding special items, were $0.79 in the current quarter, down from $0.83 in the prior year quarter.
Net Cash Provided by Operating Activities
Service Corporation International saw a significant increase in net cash provided by operating activities, which grew to $196.9 million in the second quarter of 2024 from $144.1 million in the same period of 2023. Excluding special items, net cash provided by operating activities was $219.9 million, up from $157.4 million in the prior year quarter.
Comparable Core Preneed Funeral Sales
In the second quarter of 2024, Service Corporation International's comparable core preneed funeral sales production increased by $9.7 million, or 4.0%, compared to the same quarter in 2023. Additionally, the comparable core funeral sales average grew by 1.3% in the current quarter.
Outlook for 2024
Service Corporation International has maintained its guidance ranges for 2024 as previously reported. Despite experiencing a higher than anticipated decline in funeral services performed during the latter part of the second quarter, the company remains confident in its long-term growth strategy and continues to focus on revenue growth, leveraging scale, and wise capital allocation to enhance shareholder value.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
12457 M
Market cap (USD)
140,781
Daily traded volume (Shares)
86.39 / 84.69
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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