Service Crp Intr Stock Price, News & Analysis

Service Corporation International (NYSE: SCI) announced it will release its financial results for Q1 2023 on May 1, 2023. A subsequent conference call will occur on May 2, 2023, at 8:00 a.m. Central Time. This call aims to discuss the company’s performance, providing insights for investors and stakeholders. At the end of Q1 2023, SCI operated 1,480 funeral locations and 490 cemeteries across North America, serving over 600,000 families annually. The company emphasizes its brand, Dignity Memorial, which offers a comprehensive range of funeral and cremation services, known for professionalism and compassion.

Service Corporation International (NYSE: SCI) has declared a quarterly cash dividend of 27 cents per share, payable on March 31, 2023 to shareholders on record by March 15, 2023. This decision reflects the company's ongoing commitment to returning value to its investors. While SCI aims to maintain regular quarterly dividends, future dividends are subject to the Board of Directors' review of financial performance. The company operates over 1,474 funeral service locations and 490 cemeteries across North America, serving more than 600,000 families annually.

Service Corporation International (NYSE: SCI) reported its fourth quarter 2022 results, with GAAP earnings per share at $0.59 and adjusted EPS at $0.92, exceeding expectations. Full year results reflect adjusted EPS of $3.80, a 26% compounded annual growth since 2019. Operating cash flow reached $826 million in 2022. Cemetery preneed sales grew 2.4%, while funeral preneed sales saw a 6.4% increase. For 2023, SCI anticipates diluted EPS guidance of $3.60, along with capital expenditures of $290-$310 million. The company invested $89 million in acquisitions, adding 14 funeral homes and 3 cemeteries.

Service Corporation International (NYSE: SCI) announced its upcoming release of fourth quarter 2022 financial results on February 14, 2023. A conference call with management is scheduled for February 15, 2023, at 8:00 a.m. Central Time. Interested parties can join the call via dial-in numbers or stream it live on the company's website. A replay will be available until February 22, 2023. Headquartered in Houston, Texas, SCI is North America's leading provider of funeral and cemetery services, serving over 600,000 families annually, with a vast network of locations.

Service Corporation International (NYSE: SCI) has announced a new $2.175 billion unsecured credit agreement as of January 11, 2023. This agreement includes a $1.5 billion revolving credit facility and a $675 million Term Loan A, maturing in 2028. The funds will primarily be used to refinance existing credit facilities and cover related expenses. This strategic move aims to improve liquidity and financial flexibility for the Company while managing its operational costs.

Service Corporation International (SCI), North America's largest provider of funeral and cemetery services, is partnering with the Missing In America Project (MIAP) to inter the ashes of 99 unclaimed veterans. This initiative marks the largest burial in MIAP history, honoring veterans who served in various military conflicts from the Spanish-American War to Vietnam. A ceremony will take place on November 14, 2022, at Evergreen Washelli Funeral Home in Seattle, followed by interment at the Washington State Veterans Cemetery on November 16. The event is open to veterans, VSO members, and the public.