Earnings ·
Reports Q3 adjusted EPS of $0.97, up 11%, on 5% revenue growth to $1.11B
SCIService Corp International
Service Corporation International reported third-quarter results with diluted GAAP earnings per share increasing 24% to $1.03 and adjusted diluted earnings per share rising 11% to $0.97, compared to the prior-year quarter. Consolidated revenue grew 5% to $1.11 billion, driven by a 6% increase in comparable funeral preneed sales production and a 5% rise in comparable cemetery preneed sales production. Net cash provided by operating activities increased 18% to $296.8 million. The company updated its fourth-quarter adjusted earnings per share outlook to $1.10–$1.20, citing higher healthcare costs and selling expenses that are pressuring near-term margins despite strong preneed sales growth. Service Corporation International is North America's largest provider of funeral, cemetery, and cremation services.