Recent Updates — SCI
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.
Service Corporation International declared a quarterly cash dividend of $0.36 per share of common stock on August 5, 2026. The dividend is payable on September 30, 2026 to shareholders of record at the close of business on September 15, 2026. Service Corporation International operates in the deathcare industry as North America's largest provider of funeral, cemetery, and cremation services.
Service Corporation International's Board of Directors unanimously rejected the conditional resignation of Lead Independent Director Mr. Watts, who received less than a majority vote at the 2026 annual meeting. The Nominating and Corporate Governance Committee engaged with eleven institutional shareholders representing over 41% of outstanding shares, receiving feedback that supported his qualifications but highlighted concerns regarding specific governance changes. Consequently, the Board determined that accepting the resignation would be detrimental to shareholder interests and Mr. Watts will continue serving until the 2027 annual meeting or his successor is elected. Service Corporation International operates in the funeral services industry, providing pre-need funeral planning, cemetery plots, and related merchandise.
Service Corporation International reported second quarter 2026 financial results, with consolidated revenue growing 4% to $1.1 billion and diluted earnings per share increasing to $0.90 from $0.86 in the prior year period. The company confirmed its full-year adjusted EPS guidance midpoint at $4.20 (range $4.10–$4.30) and raised its 2026 cash flow guidance midpoint by $50 million to $1.085 billion, citing stronger cemetery preneed cash receipts. Operating cash flow surged 43% to $238.7 million, while the funeral segment saw a 1% decline in services performed offset by higher average revenue per service of $5,985. Cemetery comparable revenue grew 5%, driven by increased recognized preneed merchandise and service revenue. The company returned $363 million to shareholders through dividends and share repurchases year-to-date. Service Corporation International is the largest provider of deathcare products and services in North America.
Service Corporation International announced on June 11, 2026, an increase to its share repurchase program, authorizing an additional $472 million for future repurchases, bringing the total authorized amount to $600 million. Service Corporation International is a provider of funeral and cemetery services.