Service Corporation International

SCI

Equity

ISIN US8175651046 / Valor 969683

New York Stock Exchange, Inc (2025-04-04)

USD 77.08-5.28%

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: Healthcare

Revenue Growth

Service Corporation International reported a revenue increase of $12.1 million for the third quarter of 2024, compared to the same period in 2023. This growth reflects the company's strategic efforts to enhance its service offerings and expand its market presence.

Earnings Per Share

For the third quarter of 2024, Service Corporation International achieved a diluted earnings per share of $0.81, slightly up from $0.80 in the third quarter of 2023. This improvement indicates a stable financial performance amidst market challenges.

Operating Cash Flow

Net cash provided by operating activities for Service Corporation International grew by 16% to $263.8 million in the third quarter of 2024, compared to $227.8 million in the prior year quarter. Excluding special items, this figure increased by 18% to $269.0 million, showcasing strong cash flow management.

Acquisition Investments

During the third quarter of 2024, Service Corporation International invested $123 million in acquisitions, significantly higher than the $33 million spent in the same quarter of 2023. This investment included the addition of 10 funeral homes and 2 cemeteries, enhancing the company's service network.

Future Outlook

Looking ahead to 2025, Service Corporation International aims to achieve the high end of its 8-12% long-term growth framework. The company remains focused on leveraging its scale, optimizing capital investments, and enhancing shareholder value through strategic growth initiatives.

Summarized from source with an LLMView Source

Key figures

7.43%1Y

17.6%3Y

122%5Y

Performance

24.1%1Y

25.9%3Y

26.9%5Y

Volatility