Welcome to our dedicated page for Service Crp Intr news (Ticker: SCI), a resource for investors and traders seeking the latest updates and insights on Service Crp Intr stock.
Service Corporation International (NYSE: SCI) is a Houston-based personal services company and, according to its own disclosures, the largest provider of deathcare products and services in North America. Operating in the funeral homes and funeral services industry, SCI focuses on funeral, cemetery and cremation services, as well as final-arrangement planning in advance. Through its extensive network of funeral service locations and cemeteries across the United States, Canada, the District of Columbia and Puerto Rico, the company serves hundreds of thousands of families each year.
The SCI news feed on this page highlights company announcements that matter to investors and observers of the deathcare sector. Readers can find updates on quarterly and annual financial results, including revenue trends, earnings per share metrics and cash flow guidance as reported in the company’s press releases and Form 8-K filings. The news also covers Board decisions on quarterly cash dividends, changes in share repurchase authorizations and information about credit agreements and other financing arrangements.
Because SCI operates in a regulated and service-intensive industry, its news often includes discussions of preneed funeral and cemetery sales production, performance in funeral and cemetery segments, and commentary from management on business conditions. In addition, the company publishes items about amendments to its bylaws, governance developments and risk factor discussions referenced in its communications.
Beyond financial and governance topics, SCI news may feature initiatives related to grief support and community partnerships. Examples include descriptions of the Dignity Memorial Compassion Helpline, the Dignity Memorial Guidance Series of grief materials and multi-year partnerships with organizations such as the National Alliance for Children’s Grief. Investors and researchers can use this page to follow how Service Corporation International communicates its operational performance, capital allocation decisions and support for grieving families over time.
Service Corporation International (SCI) announced the expiration of its cash tender offer for 5.375% Senior Notes due 2024 on August 7, 2020. A total of $215,959,000 (25.41%) of the Notes were validly tendered. The company will pay $1,020.42 for each $1,000 principal amount of the Notes accepted, plus accrued interest. Settlement is expected on August 10, 2020. Holders of unaccepted Notes may face redemption. The offer's acceptance is subject to certain conditions detailed in the Offer Documents. The tender offer is not a recommendation to sell any securities.
Service Corporation International (NYSE: SCI) priced an underwritten public offering of $850 million in 3.375% Senior Notes due 2030. The offering is set to close on August 10, 2020, pending standard conditions. Proceeds will be used to repurchase $850 million in existing 5.375% Senior Notes due 2024. BofA Securities is the lead manager for this offering. The company emphasizes that this release does not constitute an offer to sell or buy the securities mentioned.
Service Corporation International (SCI) announced a cash tender offer to repurchase its $850 million 5.375% Senior Notes due 2024. The offer, detailed in the Offer to Purchase dated August 3, 2020, includes a consideration of $1,020.42 for each $1,000 principal amount of Notes tendered. The tender offer will expire on August 7, 2020, at 5:00 p.m. New York City time. The proceeds from a proposed capital markets transaction will be used to fund the tender offer. Holders of purchased Notes will receive accrued interest up to the payment date, expected on August 10, 2020.
Service Corporation International (NYSE: SCI) plans to offer $850 million in senior notes through a public offering, pending market conditions. The proceeds will be used to repurchase $850 million of existing senior notes due 2024 and to cover related fees. BofA Securities will lead the offering. The press release includes cautionary forward-looking statements regarding potential risks affecting future results. SCI operates 1,472 funeral service locations and 483 cemeteries across North America, under the Dignity Memorial® brand.
Service Corporation International (SCI) reported strong second-quarter 2020 results amid the COVID-19 pandemic. The company achieved a GAAP earnings per share of $0.59, and adjusted EPS rose by 23% to $0.58. Revenue increased to $820 million, up from $812.6 million in the previous year, driven by a 23.4% growth in comparable funeral gross profit. Notably, net cash provided by operating activities surged by 136% to $184.3 million. Looking ahead, SCI has issued 2020 guidance for adjusted EPS between $1.78 and $2.00, amid ongoing economic uncertainty.
Service Corporation International (NYSE: SCI) will announce its second quarter 2020 earnings on July 29, 2020, post-market. The conference call for investors will be held on July 30, 2020, at 8:00 a.m. Central Time. Interested parties can join the call by dialing (888) 317-6003, with international callers using (412) 317-6061. A replay of the call will be available until August 6, 2020. SCI is a leading provider of deathcare products and services in North America, operating 1,472 funeral homes and 483 cemeteries.