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 International (NYSE: SCI) has successfully completed a public offering of $800 million in 5.750% Senior Notes due 2032. The offering was made through an underwritten public offering under an effective shelf registration statement filed with the SEC. The company plans to use the net proceeds to repay outstanding loans under its revolving credit facility and cover related fees, interest, and expenses. Wells Fargo Securities acted as the lead joint book-running manager for the offering.
Service International (NYSE: SCI) has announced the pricing of an underwritten public offering of $800 million aggregate principal amount of 5.75% Senior Notes due 2032. The offering is expected to close on September 17, 2024, subject to customary closing conditions. Wells Fargo Securities is acting as the lead joint book-running manager for the offering.
The company plans to use the net proceeds to repay outstanding loans under its revolving credit facility and cover related fees, interest, and expenses. The offering is being made through an effective shelf registration statement filed with the SEC. Interested parties can obtain the prospectus supplement and accompanying base prospectus from Wells Fargo Securities or the SEC website.
Service International (NYSE: SCI) has announced its intention to offer $800 million in senior notes through an underwritten public offering. The company plans to use the net proceeds to repay outstanding loans under its revolving credit facility and cover related fees, interest, and expenses. Wells Fargo Securities will serve as the lead joint book-running manager for the offering.
The offering will be conducted through an effective shelf registration statement filed with the SEC. Interested parties can obtain the prospectus supplement and accompanying base prospectus from Wells Fargo Securities or the SEC website. This press release does not constitute an offer to sell or purchase securities, and the notes will only be offered through the official prospectus supplement.
Service International (NYSE: SCI), North America's largest deathcare products and services provider, has announced a quarterly cash dividend of $0.30 per share of common stock. The dividend will be paid on September 30, 2024 to shareholders of record as of September 13, 2024. While SCI intends to continue regular quarterly dividends, future payments are subject to the Board of Directors' final determination after reviewing the company's financial performance. This announcement demonstrates SCI's commitment to providing shareholder value and maintaining a consistent dividend policy.
Service International (NYSE: SCI), North America's largest deathcare provider, reported Q2 2024 results. Revenue grew $20.6 million to $1,034.0 million, while earnings per share decreased to $0.81 from $0.86 in Q2 2023. Adjusted EPS was $0.79, down from $0.83. Net cash from operations excluding special items increased to $219.9 million from $157.4 million.
Despite revenue growth, SCI faced challenges with a decline in funeral services performed. The company maintains its 2024 outlook but expects results at the lower end of the $3.50-$3.80 adjusted EPS guidance range. SCI reiterates its adjusted operating cash flow guidance of $900-$960 million for 2024.
Service International (NYSE: SCI) has announced its schedule for the second quarter 2024 earnings release and conference call. The company plans to issue a press release with financial results on Wednesday, July 31, 2024. A conference call hosted by SCI Management will follow on Thursday, August 1, 2024, at 8:00 a.m. Central Time.
Investors and analysts can participate in the call by dialing (866) 605-3851 or (412) 317-6061 for international callers, using the code 5532566. Alternatively, the call can be accessed via live webcast on the company's website. A replay will be available until August 8, 2024, and the webcast will be accessible for at least 90 days on SCI's website.
Global Atlantic Financial Group has announced a 10-year partnership with Service International (SCI) to become the preferred provider of preneed insurance for North America's largest funeral service provider.
This partnership aims to significantly grow Global Atlantic's preneed business and position it as the top provider in North America. Preneed insurance helps cover funeral costs, providing financial relief to families. SCI serves over 600,000 families annually across 1,900 locations.
The partnership will bring digital advancements for seamless customer experiences and operational efficiencies. Global Atlantic plans to hire additional staff and enhance customer support capabilities across its offices.
Service International (NYSE: SCI) declared a quarterly cash dividend of thirty cents per share of common stock, payable on June 28, 2024. The company is the largest deathcare products and services provider in North America. While the intention is to pay regular quarterly dividends, final decisions are subject to the Board of Directors' review of financial performance.
Service International (SCI), the largest deathcare provider in North America, reported strong financial results for the first quarter of 2024. Revenue increased by $16.7 million, while earnings per share was $0.89. The company's net cash provided by operating activities was $220.1 million. Comparable preneed cemetery sales production grew by 7.8%, and comparable core funeral sales average grew by 3.9%. Despite a decline in comparable core funeral services performed, the company's financial results are solid. SCI remains focused on long-term growth and shareholder value.
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