Service Corporation International (NYSE: SCI) expands share buyback authorization to $600M
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Service Corporation International increased its share repurchase authorization, giving it a total of $600 million of current capacity to buy back common stock. The Board approved an additional $472 million in repurchase authority, added to approximately $128 million that was already remaining under the existing program.
The company describes itself as North America's leading provider of funeral, cemetery and cremation services, serving about 700,000 families each year through 1,487 funeral service locations and 503 cemeteries as of March 31, 2026.
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Insights
SCI expands its share buyback capacity to $600M, signaling ongoing capital-return flexibility but without changing fundamentals on its own.
Service Corporation International now has $600 million of authorized share repurchase capacity, after the Board added about $472 million to the roughly $128 million that was already available. This action increases the company’s ability to reduce share count over time if it chooses.
The move reflects a Board decision on capital allocation but does not by itself specify timing or volume of future repurchases. Actual impact will depend on how aggressively SCI uses this authorization relative to its cash generation, investment needs, and any dividend decisions described as subject to ongoing Board review.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Total repurchase authorization: $600 million
New repurchase authority added: $472 million
Existing remaining authority: $128 million
+5 more
8 metrics
Total repurchase authorization
$600 million
Current share repurchase authority after increase
New repurchase authority added
$472 million
Increase approved by Board of Directors
Existing remaining authority
$128 million
Repurchase capacity remaining before the increase
Families served annually
700,000 families
Approximate number of families served each year
Funeral service locations
1,487 locations
Owned and operated as of March 31, 2026
Cemeteries operated
503 cemeteries
Including 314 combination locations as of March 31, 2026
Combination locations
314 locations
Funeral-cemetery combination properties within the 503 cemeteries
Geographic reach
44 states and 8 provinces
U.S. states and Canadian provinces where SCI operates
Key Terms
share repurchase program, Regulation FD, forward-looking statements, Private Securities Litigation Reform Act of 1995, +2 more
6 terms
Regulation FD regulatory
"The attached Exhibit 99.1 is not filed, but is furnished to comply with Regulation FD."
Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.
forward-looking statements regulatory
"The statements in this press release that are not historical facts are forward-looking statements."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Private Securities Litigation Reform Act of 1995 regulatory
"made in reliance on the "safe harbor" protections provided under the Private Securities Litigation Reform Act of 1995."
dividends financial
"There can be no assurance that future dividends will be declared."
Dividends are cash payments a company gives to its shareholders from profits or cash reserves, effectively sharing part of its earnings with owners. They matter to investors because they provide a steady income stream, act like an interest or rent payment on owning the stock, and signal management’s confidence in the business—factors that influence total return and share price. Regular or special dividends can change an investor’s income and reinvestment strategy.
Annual Report on Form 10-K regulatory
"see our Securities and Exchange Commission filings, including our 2025 Annual Report on Form 10-K."
An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | |||||
Form 8-K
| CURRENT REPORT | ||
| Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | ||
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| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | |||||
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐ Emerging growth company
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Securities registered pursuant to Section 12(b) of the Act:
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Item 7.01 Regulation FD Disclosure
On June 11, 2026, Service Corporation International issued a press release announcing an increase in its share repurchase program authorizing the investment of approximately an additional $472 million, thereby increasing the total amount authorized and available for future share repurchases to $600 million.
The attached Exhibit 99.1 is not filed, but is furnished to comply with Regulation FD. The information in this Current Report on Form 8-K, including the exhibit, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits
(d) The following exhibits are included with this report
| Exhibit No. | Description | ||||
99.1 | Press Release, dated June 11, 2026, announcing share repurchase increase | ||||
| 104 | Interactive data file. | ||||
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
June 11, 2026 Service Corporation International
By: /s/ ERIC D. TANZBERGER
Eric D. Tanzberger
Executive Vice President
Chief Financial Officer
EXHIBIT 99.1
 | SERVICE CORPORATION INTERNATIONAL | ||||
INCREASES SHARE REPURCHASE AUTHORIZATION | |||||
HOUSTON, Texas, June 11, 2026 . . . 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 | |||||||||
FAQ
What business does Service Corporation International (SCI) operate?
Service Corporation International is North America’s leading provider of funeral, cemetery and cremation services. It offers arrangements from simple cremations to full life celebrations and personalized remembrances, serving approximately 700,000 families each year through a diversified portfolio of brands.
How extensive is Service Corporation International’s operating footprint?
As of March 31, 2026, Service Corporation International owned and operated 1,487 funeral service locations and 503 cemeteries, including 314 combination locations. These properties span 44 U.S. states, eight Canadian provinces, the District of Columbia and Puerto Rico, supporting its North American scale.
Does Service Corporation International give any guidance about future dividends?
Service Corporation International notes there can be no assurance future dividends will be declared. The Board reviews financial performance each quarter and considers factors such as cash needs, available cash, financing restrictions, tax law changes and overall financial condition before deciding whether to declare a dividend.
What forward-looking statement cautions does SCI provide with this announcement?
SCI explains that non-historical statements are forward-looking and rely on assumptions it believes reasonable. It highlights that many factors, including financing restrictions, tax law changes, cash needs and financial condition, could cause actual results to differ materially. It also states it assumes no obligation to update such statements.