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) 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.
Service Corporation International (SCI) reported Q4 2021 earnings with a diluted EPS of $1.24, a 7.8% increase from Q4 2020. Revenue surged 8% to $1,043 million, driven by strong funeral services and preneed sales. Operating income rose 4.9% to $298.5 million, while net income reached $206.5 million. The firm acquired 28 funeral homes and 2 cemeteries for $112 million. For 2022, adjusted EPS guidance improved to a range of $2.80 - $3.20, reflecting optimism amid ongoing pandemic impacts.
Service Corporation International (NYSE: SCI) will release its fourth quarter 2021 financial results on February 14, 2022. A conference call hosted by company management is scheduled for February 15, 2022, at 8:00 a.m. Central Time. Interested parties can participate via dial-in numbers or listen live on the company’s website. SCI is North America's leading provider of funeral and cemetery services, serving around 500,000 families annually. The company operates 1,471 funeral locations and 488 cemeteries across the U.S. and Canada.
Service Corporation International (NYSE: SCI) has declared a quarterly cash dividend of 23 cents per share, payable on December 31, 2021, to shareholders of record by December 15, 2021. The company aims to continue regular dividends, subject to Board review. Additionally, SCI has increased its stock repurchase authorization by $400 million, adding to the $200 million remaining from the previous program, totaling $600 million available for repurchases. This reflects SCI's commitment to enhancing shareholder value.
Service Corporation International (SCI) reported strong Q3 2021 results with earnings per share of $1.23 and adjusted earnings per share soaring 47% year-over-year to $1.16. Revenue increased by $116 million to $1.03 billion, with gross profit rising $69 million. The company raised its full-year adjusted EPS guidance by $0.95 to $4.30 and adjusted operating cash flow guidance by $150 million to $888 million, driven by increased funeral services and strong cemetery sales.
Service Corporation International (NYSE: SCI) is set to release its third-quarter 2021 financial results on October 27, 2021. A conference call will follow on October 28, 2021, at 8:00 a.m. CT. Investors can participate by dialing in or via a live webcast available on the SCI website. Currently, SCI operates 1,453 funeral service locations and 485 cemeteries across North America, serving about 500,000 families annually. More details on the earnings call and the company's financial health will be discussed during the presentation.
Service Corporation International (NYSE: SCI), a leading provider of deathcare services in North America, has announced a quarterly cash dividend increase from twenty-one cents to twenty-three cents per share, marking a 9.5% increase. This dividend is payable on September 30, 2021, to shareholders recorded by the close of business on September 15, 2021. The company intends to continue issuing dividends, though future declarations depend on the Board's review of financial performance. Risks include potential restrictions on dividend payments and changes in cash availability.
Service Corporation International (SCI) reported robust Q2 2021 results, with earnings per share of $0.92, up from $0.59 in Q2 2020. Revenue increased by $168 million year-over-year, totaling $988 million. Notable growth in preneed cemetery sales at $94 million (36%) and preneed funeral sales at $106 million (57%) significantly contributed to performance. SCI raised its full-year EPS guidance to $3.35 and operating cash flow guidance to $737.5 million, reflecting a strong outlook despite pandemic uncertainties.