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 (SCI), North America's leading provider of funeral, cemetery, and cremation services, maintains this dedicated news hub for investors and industry observers. Track official announcements including quarterly earnings, strategic acquisitions, and operational developments impacting the deathcare sector.
This resource consolidates SCI's financial filings, leadership updates, and service expansions under the trusted Dignity Memorial brand. Users gain efficient access to material disclosures ranging from regulatory submissions to partnership announcements, all organized for quick scanning and analysis.
Key content categories include earnings reports, merger activity, facility expansions, and industry leadership updates. Each entry provides direct access to primary source documents and contextually relevant background information.
Bookmark this page for streamlined monitoring of SCI's corporate trajectory. Combine regular visits with SEC.gov filings for comprehensive due diligence in the deathcare services market.
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.
Service Corporation International (SCI) announced a cash tender offer to repurchase its $850 million 5.375% Senior Notes due 2024. The offer, detailed in the Offer to Purchase dated August 3, 2020, includes a consideration of $1,020.42 for each $1,000 principal amount of Notes tendered. The tender offer will expire on August 7, 2020, at 5:00 p.m. New York City time. The proceeds from a proposed capital markets transaction will be used to fund the tender offer. Holders of purchased Notes will receive accrued interest up to the payment date, expected on August 10, 2020.
Service Corporation International (NYSE: SCI) plans to offer $850 million in senior notes through a public offering, pending market conditions. The proceeds will be used to repurchase $850 million of existing senior notes due 2024 and to cover related fees. BofA Securities will lead the offering. The press release includes cautionary forward-looking statements regarding potential risks affecting future results. SCI operates 1,472 funeral service locations and 483 cemeteries across North America, under the Dignity Memorial® brand.
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