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 (NYSE: SCI), North America's largest deathcare products and services provider, has announced two significant shareholder-focused initiatives. The company declared a quarterly cash dividend of $0.32 per share, payable on June 30, 2025, to shareholders of record as of June 13, 2025. Additionally, SCI's Board of Directors has increased its share repurchase authorization by $528 million, which, combined with the existing $72 million authority, brings the total current share repurchase authorization to $600 million effective immediately.
Service Corporation International (SCI), North America's largest deathcare provider, reported strong Q1 2025 financial results. The company achieved revenue growth of $28.8 million compared to Q1 2024, with GAAP earnings per share increasing 10% to $0.98 and adjusted earnings per share rising 8% to $0.96.
Key highlights include a 1.8% growth in comparable funeral services and a 2.3% increase in funeral sales average. Operating cash flow showed significant improvement, reaching $311.1 million compared to $220.1 million in the previous year. The company maintained its 2025 guidance, projecting diluted earnings per share of $3.70-$4.00.
Chairman and CEO Tom Ryan attributed the success to strong funeral segment performance, effective cost management, and margin expansion. The company continues to focus on its long-term growth strategy, leveraging its scale while maintaining a robust acquisition pipeline and strategic stock repurchases.
Service International (NYSE: SCI) has scheduled its first quarter 2025 earnings release and conference call. The company will release financial results on Wednesday, April 30, 2025, followed by a conference call on Thursday, May 1, 2025 at 8:00 a.m. Central Time.
Investors can participate by dialing (888) 317-6003 (US) or (412) 317-6061 (International) using code 5800257. The call will also be available via webcast on the company's website. A replay will be accessible through May 8, 2025, using code 7260026.
Service International (NYSE: SCI), North America's largest deathcare products and services provider, has announced a 6.7% increase in its quarterly cash dividend. The new dividend of thirty-two cents per share represents an increase from the previous thirty cents per share.
The dividend will be payable on March 31, 2025, to shareholders of record at the close of business on March 14, 2025. While SCI intends to maintain regular quarterly cash dividends, future payments and dates remain subject to Board approval following quarterly financial performance reviews.
Service International (NYSE: SCI) reported strong Q4 2024 results with revenue increasing by $37 million (4%) over Q4 2023. The company achieved Q4 2024 GAAP earnings per share of $1.04, up 12% from the prior year quarter, while adjusted EPS grew 14% to $1.06.
Key highlights include: 2% growth in comparable preneed cemetery sales, 2.7% increase in comparable core funeral sales average, and a $18 million (6%) increase in gross profit. For full year 2024, the company reported adjusted earnings per share of $3.53 and adjusted operating cash flow of $977 million.
Looking ahead to 2025, SCI provided adjusted earnings per share guidance of $3.70-$4.00, with a midpoint of $3.85, aligning with their long-term growth framework of 8-12%. The company invested $181 million in acquiring 26 funeral homes and 6 cemeteries, plus $62 million in real estate transactions during 2024.
Service International (NYSE: SCI) has announced its schedule for the fourth quarter 2024 earnings release and conference call. The company will release its financial results on Wednesday, February 12, 2025, followed by a management-hosted conference call on Thursday, February 13, 2025, at 8:00 a.m. Central Time.
Participants can join the call using the dial-in numbers (888) 317-6003 for domestic callers or (412) 317-6061 for international callers, using the code 2973360. The call will also be available via webcast through the company's website. A replay will be accessible until February 20, 2025, through both phone and website options.
Service International (NYSE: SCI) has announced a quarterly cash dividend of $0.30 per share of common stock. The dividend will be paid on December 31, 2024 to shareholders of record as of December 13, 2024. The company, North America's largest deathcare products and services provider, plans to continue regular quarterly dividends, subject to Board approval and financial performance review.
Service International (NYSE: SCI) reported Q3 2024 financial results with revenue growth of $12.1 million compared to Q3 2023. The company achieved earnings per share of $0.81 and adjusted EPS of $0.79. Operating cash flow increased 16% to $263.8 million. Notable highlights include a 2.1% growth in comparable core funeral sales average and significant acquisition activity, investing $123 million to add 10 funeral homes and 2 cemeteries. For Q4 2024, SCI projects adjusted EPS of $1.00-$1.10, and has revised its full-year 2024 adjusted operating cash flow guidance to $940-$960 million.
Service International (NYSE: SCI) has announced its schedule for the Third Quarter 2024 Earnings Release and Conference Call. The company plans to issue a press release with financial results on Wednesday, October 30, 2024. A conference call will follow on Thursday, October 31, 2024, at 8:00 a.m. Central Time.
Interested parties can participate in the call by dialing (888) 317-6003 (US) or (412) 317-6061 (International) using the code 8508625. Alternatively, a live webcast will be available on the company's website. A replay of the call will be accessible until November 7, 2024, and the webcast will remain available for at least 90 days on the SCI website.
Service International (NYSE: SCI) announced leadership promotions among its executive officers, effective October 1, 2024. Steven A. Tidwell, Senior VP of Sales and Marketing, will step down to become Special Advisor to the CEO. Sumner J. Waring, III has been promoted from COO to President, taking over sales and marketing responsibilities. John Faulk has been promoted to Senior VP and COO. Eric D. Tanzberger has been promoted to Executive VP and CFO, overseeing business development. Aaron G. Foley has been promoted to Senior VP and Treasurer, overseeing accounting, tax, and risk assurance.
These promotions are part of SCI's succession planning to support long-term growth. The company, headquartered in Houston, Texas, is North America's leading provider of deathcare products and services, operating 1,490 funeral homes and 492 cemeteries across 44 states, eight Canadian provinces, DC, and Puerto Rico as of June 30, 2024.