Service Crp Intr Stock Price, News & Analysis

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.

Service Corporation International (NYSE: SCI) announces a $500,000 contribution to Donate Life America to support organ, eye, and tissue donation initiatives. This includes a $250,000 donation marking their renewal as a Donate Life Platinum Partner during National Donate Life Month starting April 1. Over the past two years, SCI's total donations to DLA amount to $500,000. The funds will enhance awareness and improve donor processes. SCI's Dignity Memorial brand has also supported the Donate Life Rose Parade Float for 14 years, honoring organ donors.

Service Corporation International (NYSE: SCI), North America's leading deathcare provider, is set to host its 2022 Investor Day on May 5, 2022, from 8:30 a.m. to 11 a.m. central time in Houston. The event will feature presentations from President and CEO Tom Ryan and CFO Eric Tanzberger, focusing on the company's multi-year growth strategies. Attendees can participate in-person at the Westin Hotel or via live webcast. A tour of a premier funeral location is scheduled for May 4. Registration is required for both the event and the tour.

Service Corporation International (NYSE: SCI) announced a 9% increase in its quarterly cash dividend to 25 cents per share, up from 23 cents. This dividend, payable on March 31, 2022, is for shareholders on record by March 15, 2022. While the company aims to maintain regular dividends, future payments depend on the Board's review of financial performance. The announcement emphasizes the company’s commitment to returning value to shareholders despite uncertainties affecting future dividends.