$83.360
-0.108 (-0.13%)At close
SCI News
SCI Events
Company Reports Q2 Revenue of $1.1B
Reports Q2 revenue $1.1B, consensus $1.08B.
2026 Annual Guidance Midpoint for EPS Set at $4.20
"The $4.20 midpoint of our annual guidance range for 2026 detailed below is confirmed with a more narrow range expected for adjusted earnings per share of $4.10 to $4.30. Our cash flow outlook at the midpoint has increased $50 million from $1,035 million to $1,085 million due to stronger cemetery preneed cash receipts. Additionally, we increased our total maintenance capital expenditures by $10 million to $335 million. Our outlook for diluted earnings per share from continuing operations excluding special items, at the midpoint of our guidance range, is anticipated to be within our expected long-term growth framework of 8%-12%."
Service Corporation Increases Share Repurchase Authority to $600M
Service Corporation International announced that its Board of Directors has increased the authorized level of repurchases of its common stock by approximately $472M. When combined with approximately $128M of authority remaining under the existing program, this represents a total of $600M of current share repurchase authority.
Service Corporation Increases Quarterly Cash Dividend to $0.36
Service Corporation announced that its Board of Directors has approved an increase in its quarterly cash dividend to thirty-six cents per share of common stock. This quarterly cash dividend declared today represents a 6% increase from the previously declared quarterly dividend of thirty-four cents per share of common stock per quarter. The quarterly cash dividend announced is payable on June 30, 2026 to shareholders of record at the close of business on June 15, 2026.
Company Reports Q1 Revenue of $1.1B, Beating Expectations
Reports Q1 revenue $1.1B, consensus $1.09B. Tom Ryan, the company's Chairman and CEO, commented on the first quarter performance: "Today, we reported adjusted earnings per share of $0.97 and net cash provided by operating activities of $333.8 million. Comparable funeral service volumes declined 6% year-over-year, reflecting the impact of a particularly strong prior year flu season and aligning with broader demographic trends. Despite this, the company delivered solid underlying performance driven by a resilient average revenue per service and disciplined cost management, with expenses increasing approximately 1% year-over-year. In addition, preneed funeral sales production remained strong, increasing 6% for the period. In our cemetery segment, we delivered a strong performance, highlighted by 10% growth in comparable preneed cemetery sales production. This higher production drove 7% growth in comparable cemetery revenue and a 120 basis point improvement in cemetery gross profit. We remain focused on executing our long-term growth strategy-growing revenue, leveraging our scale, and allocating capital in a disciplined way to enhance shareholder value. While funeral volumes may continue to fluctuate in the near term, they have historically been stable over the longer-term. Overall, we are proud of how our teams executed in what was a challenging operating environment. I would like to thank our 25,000 associates for their unwavering commitment to serving client families with care and excellence that have made these results possible."
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