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Service Corporation International reports recurring developments tied to its North American funeral, cemetery and cremation services business. Company updates commonly cover funeral service volumes, average revenue per service, preneed funeral and cemetery sales production, cemetery revenue trends, cost management and annual guidance.
SCI news also includes board-approved cash dividends, earnings-release schedules, conference calls and community programs associated with its Dignity Memorial brand and grief-support partnerships. The company’s operating commentary centers on its funeral service and cemetery segments and its role as a provider of deathcare products, services and advance final-arrangement planning.
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.