SERVICE CORPORATION INTERNATIONAL INCREASES SHARE REPURCHASE AUTHORIZATION

Service Corporation International (NYSE:SCI) announced that its Board has increased the authorized level of common stock repurchases by approximately $472 million.

Rhea-AI Summary

Service Corporation International (NYSE:SCI) announced that its Board has increased the authorized level of common stock repurchases by approximately $472 million. Combined with about $128 million remaining under the existing program, SCI now has a total of $600 million in current share repurchase authority effective June 11, 2026.

Positive

• Board adds approximately $472 million to share repurchase authorization
• Total current SCI buyback capacity reaches $600 million
• Existing program still had about $128 million remaining, now supplemented

Negative

• None.

Argus Jun 12 session

+4.34% close to close Open Argus

Details

News Market Reaction – SCI

On Jun 12, the first trading day after this news, SCI closed 4.34% above the previous close.

Data tracked by StockTitan Argus for the Jun 12 session.

Key Figures

New buyback authorization: $472 million Existing buyback authority: $128 million Total buyback capacity: $600 million +5 more

New buyback authorization

$472 million

Incremental share repurchase authorization approved by Board

Existing buyback authority

$128 million

Remaining under prior repurchase program

Total buyback capacity

$600 million

Combined current share repurchase authority

Share price

$73.84

Price before buyback news, 2.71% up on the day

Price vs 52-week high

-16.72%

Distance from 52-week high of $88.665

52-week low

$68.41

SCI trades 7.94% above this level

Market cap

$9,918,735,046

Equity value before the buyback announcement

Relative volume

1.44x

Today’s volume vs 20-day average

Historical Context

5 past events · Latest: May 06

5 events

1. May 06

   Dividend increase

   24h Move

   -1.3%

   Board raised quarterly dividend to $0.36 per share, up 6%.

2. Apr 29

   Q1 2026 earnings

   24h Move

   -6.2%

   Q1 revenue $1,096.5M and EPS $0.97 with 2026 guidance confirmed.

3. Apr 16

   Earnings schedule

   24h Move

   +3.0%

   Announced timing and access details for Q1 2026 earnings call.

4. Feb 19

   Dividend declaration

   24h Move

   +0.7%

   Declared regular quarterly dividend of $0.34 per share.

5. Feb 11

   Q4 2025 earnings

   24h Move

   -6.7%

   Reported Q4 and full-year growth and outlined 2026 EPS and cash flow guidance.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share repurchase, share repurchase authority

2 terms

share repurchase financial

"increased the authorized level of repurchases of its common stock"

A share repurchase is when a company uses cash to buy its own shares from the market, reducing the number of shares available to outside investors. Like a homeowner buying back rooms in a shared house to increase their own stake, repurchases can raise earnings per share and often signal management thinks the stock is undervalued, but they also use up cash that could have gone to dividends, investments, or debt reduction — all important considerations for investors.

share repurchase authority financial

"this represents a total of $600 million of current share repurchase authority"

Share repurchase authority is the board-approved permission for a company to buy its own shares on the open market or through private transactions, usually up to a specified amount or time period. For investors, it matters because buybacks reduce the number of shares outstanding—similar to a group of owners reclaiming some ownership—often raising earnings per share, signaling management’s view of value, and changing how the company uses cash versus dividends or investment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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HOUSTON, June 11, 2026 /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today announced that its Board of Directors has increased the authorized level of repurchases of its common stock by approximately $472 million.  When combined with approximately $128 million of authority remaining under the existing program, this represents a total of $600 million of current share repurchase authority effective today.

Cautionary Statement on Forward-Looking Statements

The statements in this press release that are not historical facts are forward-looking statements.  These forward-looking statements have been made in reliance on the "safe harbor" protections provided under the Private Securities Litigation Reform Act of 1995.  These statements may be accompanied by words such as "believe," "estimate," "project," "expect," "anticipate," or "predict," that convey the uncertainty of future events or outcomes.  These statements are based on assumptions that we believe are reasonable; however, many important factors could cause our actual results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of us.  There can be no assurance that future dividends will be declared.  The actual declaration of future dividends, and the establishment of record and payment dates, is subject to final determination by our Board of Directors each quarter after its review of our financial performance.  Important factors which could cause actual results to differ materially from those in forward-looking statements include, among others, restrictions on the payment of dividends under existing or future credit agreements or other financing arrangements; changes in tax laws relating to corporate dividends; a determination by the Board of Directors that the declaration of a dividend is not in the best interests of the Company and its shareholders; an increase in our cash needs or a decrease in available cash; or a deterioration in our financial condition or results.  For further information on these and other risks and uncertainties, see our Securities and Exchange Commission filings, including our 2025 Annual Report on Form 10-K.  Copies of this document as well as other SEC filings can be obtained from our website at http://www.sci-corp.com.  We assume no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.

About Service Corporation International

Service Corporation International (NYSE: SCI), headquartered in Houston, Texas, is North America's leading provider of funeral, cemetery and cremation services, as well as final-arrangement planning in advance, serving approximately 700,000 families each year.  Our diversified portfolio of brands provides families and individuals a full range of choices to meet their needs, from simple cremations to full life celebrations and personalized remembrances.  Our Dignity Memorial® brand is the name families turn to for professionalism, compassion, and attention to detail that is second to none.  At March 31, 2026, we owned and operated 1,487 funeral service locations and 503 cemeteries (of which 314 are combination locations) in 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.  For more information about Service Corporation International, please visit our website at www.sci-corp.com.  For more information about Dignity Memorial®, please visit www.dignitymemorial.com.

For additional information contact:  InvestorRelations@sci-us.com
Investors:		Trey Bocage – Assistant Vice President / Treasury and Investor Relations	(713) 525-3454
		Andrea Low – Director / Federal Tax and Investor Relations	(713) 525-2811
Media:		Jay Andrew – Assistant Vice President / Corporate Communications	(713) 525-3468

View original content:https://www.prnewswire.com/news-releases/service-corporation-international-increases-share-repurchase-authorization-302798468.html

SOURCE Service Corporation International

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Service Corporation International (SCI) announce on June 11, 2026 about share repurchases?

Service Corporation International announced a higher share repurchase authorization, bringing total current buyback capacity to $600 million. According to the company, this includes new authorization and remaining capacity under the existing program.

How much did SCI increase its share repurchase authorization in June 2026?

SCI increased its authorized share repurchases by approximately $472 million. According to the company, this new amount is in addition to about $128 million that was still available under the prior buyback program.

What is the total current share repurchase authority for SCI (NYSE:SCI)?

SCI currently has $600 million in total share repurchase authority. According to the company, this combines the new approximately $472 million authorization with about $128 million remaining from its existing repurchase program.

When does the updated SCI share repurchase authorization become effective?

The updated SCI share repurchase authorization is effective June 11, 2026. According to the company, from this date the Board-authorized total buyback capacity stands at $600 million across the new and existing repurchase programs.

What portion of SCI's $600 million buyback capacity comes from the existing program?

Approximately $128 million of SCI's $600 million buyback capacity comes from its existing repurchase program. According to the company, the remaining amount reflects a new $472 million increase approved by the Board.