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) will release its fourth quarter 2020 financial results on February 15, 2021. A conference call hosted by SCI Management is scheduled for February 16, 2021, at 8:00 a.m. Central Time. Investors can participate via dial-in numbers or listen live on the company's website. SCI operates 1,470 funeral service locations and 483 cemeteries across North America, promoting the Dignity Memorial® brand which emphasizes quality and customer satisfaction.
Service Corporation International (NYSE: SCI) is partnering with the Tragedy Assistance Program for Survivors (TAPS) for a matching donation campaign on Giving Tuesday, December 1. SCI will match donations up to $25,000, providing support for 250 military loss survivors for one year. Donations can be made from November 25 to December 4 to qualify for matching funds. SCI emphasizes its commitment to veterans and their families, promoting community involvement in this initiative aimed at offering grief resources.
Service Corporation International (NYSE: SCI) has announced a 10.5% increase in its quarterly cash dividend, raising it to 21 cents per share, up from 19 cents. This dividend is payable on December 31, 2020, to shareholders on record by December 15. The decision demonstrates the company's strong financial performance and commitment to returning value to shareholders. However, future dividends depend on the Board's review of the company's financial condition.
Service Corporation International (SCI) reported third quarter 2020 financial results showing adjusted earnings per share of $0.79, a $0.42 increase year-over-year. Revenue rose by $149 million to $918 million, driven by higher funeral services and cemetery burials due to COVID-19. Preneed cemetery sales jumped 47%, enhancing growth metrics. Operating income surged to $223.2 million. However, higher tax payments and working capital changes negatively impacted cash flow, which decreased to $195.1 million. Revised earnings guidance for 2020 is $2.50 - $2.75.
Service Corporation International (SCI) plans to release its third quarter 2020 financial results on October 28, 2020, after market close. A conference call is scheduled for October 29, 2020, at 8:00 a.m. CT, where management will discuss the results. Interested parties can join the call by dialing (888) 609-1607 (international: (862) 298-0705) or via the company's website. Replay of the call will be available through January 27, 2021. SCI operates 1,470 funeral service locations and 483 cemeteries across North America, marketing under the Dignity Memorial® brand.
Service Corporation International (SCI) announced a quarterly cash dividend of 19 cents per share, payable on September 30, 2020. Shareholders should be of record by September 15, 2020. The company aims to maintain regular dividends, subject to Board approval after financial performance reviews. Additionally, SCI expanded its share repurchase program by $431 million, totaling $500 million in buyback authority, which may enhance shareholder value.
Service Corporation International (NYSE: SCI) announced its intention to redeem all outstanding 5.375% Senior Notes due 2024 on September 9, 2020. The redemption will occur at a price of 101.792%, plus any accrued interest. Payment will be made upon the presentation and surrender of the notes to The Bank of New York Mellon Trust Company, N.A. This announcement is not a solicitation to purchase securities and includes forward-looking statements which are subject to various risks. For more detailed information, refer to SEC filings on SCI’s website.
Service Corporation International (NYSE: SCI) announced the successful completion of a public offering of $850 million in 3.375% Senior Notes due 2030. The offering, part of an underwritten public offering under an SEC registration, will utilize net proceeds and cash reserves to repurchase $850 million of existing 5.375% Senior Notes due 2024. BofA Securities acted as the lead manager for this offering. The press release contains forward-looking statements that involve risks and uncertainties. For more details, visit the company's SEC filings.
Service Corporation International (SCI) announced the expiration of its cash tender offer for 5.375% Senior Notes due 2024 on August 7, 2020. A total of $215,959,000 (25.41%) of the Notes were validly tendered. The company will pay $1,020.42 for each $1,000 principal amount of the Notes accepted, plus accrued interest. Settlement is expected on August 10, 2020. Holders of unaccepted Notes may face redemption. The offer's acceptance is subject to certain conditions detailed in the Offer Documents. The tender offer is not a recommendation to sell any securities.
Service Corporation International (NYSE: SCI) priced an underwritten public offering of $850 million in 3.375% Senior Notes due 2030. The offering is set to close on August 10, 2020, pending standard conditions. Proceeds will be used to repurchase $850 million in existing 5.375% Senior Notes due 2024. BofA Securities is the lead manager for this offering. The company emphasizes that this release does not constitute an offer to sell or buy the securities mentioned.
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