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) has announced an increase in its quarterly cash dividend to $0.27 per share, reflecting an 8% increase from the previous $0.25. The dividend is payable on December 30, 2022, to shareholders of record on December 15. Additionally, the Board has authorized an increase in share repurchases by $350 million, bringing the total repurchase authority to $600 million. This move aims to enhance shareholder value while the company anticipates maintaining regular dividends in the future.
Service Corporation International (NYSE: SCI) reported its third quarter 2022 results, highlighting GAAP earnings per share (EPS) of $0.76 and adjusted EPS of $0.68. Net cash from operations was $183 million, down from $241 million year-over-year. Despite a year-over-year decline in EPS, adjusted EPS has grown 22% annually since 2019. The company raised its 2022 adjusted EPS guidance from $3.50 to $3.70. Funeral services performed increased by 5% compared to 2019, and cemetery pre-need sales rose 5% year-over-year, reflecting a steady recovery.
Service Corporation International (NYSE: SCI) will release its third-quarter 2022 financial results on November 1, 2022. A conference call will follow on November 2, 2022, at 8:00 a.m. Central Time, where management will discuss the results. Investors can access the call via a dial-in or live webcast. The company, headquartered in Houston, Texas, operates 1,463 funeral service locations and 488 cemeteries, dealing with over 600,000 families annually. For more details, visit their website.
Service Corporation International (NYSE: SCI) has announced a quarterly cash dividend of $0.25 per share, payable on September 30, 2022, to shareholders of record as of September 15, 2022. This reflects the company's commitment to returning value to shareholders. The Board of Directors will review and determine future dividends based on financial performance, indicating that while dividends are intended to remain regular, they are not guaranteed. For further insights, details are available on the company’s website.
Service Corporation International (SCI) reported its Q2 2022 results with adjusted earnings per share of $0.84, slightly down from the previous year's $0.92. Revenue increased by $3 million to $991 million. The company confirmed its full-year guidance, projecting diluted earnings per share excluding special items between $3.30 - $3.70. Net cash from operating activities declined to $141 million, influenced by reduced operating income and increased cash payments. SCI remains optimistic about growing revenue despite challenges from the ongoing pandemic.
Service Corporation International (SCI) has renewed its partnership with the Tragedy Assistance Program for Survivors (TAPS) by contributing $250,000 to support military loss survivors. This brings their total investment to $500,000 to date. The funds will enhance programs and resources aiding survivors in coping with grief. This partnership reflects SCI's commitment to honoring the sacrifices of military families through various support initiatives.
Service Corporation International (SCI) plans to release its second quarter 2022 financial results on August 2, 2022. A conference call for discussing these results is scheduled for August 3, 2022, at 8:00 a.m. Central Time. Interested parties can listen via phone or streaming on the SCI website. SCI, as North America's leading provider of funeral and cemetery services, operates 1,459 funeral locations and 488 cemeteries across various states and regions.
Service Corporation International (NYSE: SCI) announced a quarterly cash dividend of $0.25 per share, payable on June 30, 2022 to shareholders of record by June 15, 2022. The company also increased its share repurchase authorization by $394 million, totaling $600 million available for buybacks. While the intent is to continue regular dividends, future payments depend on the Board's review of financial performance. These decisions could be affected by financial conditions and regulatory factors.
Service Corporation International (NYSE: SCI) reported a strong start to 2022 with an adjusted earnings per share of $1.34, up $0.02 from last year. Revenue grew $34 million, totaling $1,112 million in Q1 2022, driven by increased funeral services and preneed sales. The company raised its full-year adjusted earnings guidance by $0.50 to $3.50 and adjusted operating cash flow guidance by $75 million to $775 million. The positive performance aligns with strong customer demand in the funeral and cemetery sectors.
Service Corporation International (NYSE: SCI) will release its first quarter 2022 financial results on May 3, 2022. A conference call to discuss these results is scheduled for May 4, 2022, at 8:00 a.m. Central Time. Investors can join the call by dialing (877) 870-4263 or through the company’s website. The event will feature discussions on SCI’s earnings, business performance, and a Q&A session. These updates come as SCI continues to serve over 600,000 families annually across North America, with a wide range of funeral and cremation services.