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Mar 31, 2022
Service Corp Intl Q1 2022 Earnings Report
Reported a solid start to 2022 with adjusted earnings per share of $1.34, a $0.02 increase over the prior year quarter.
Key Takeaways
Service Corporation International reported a revenue of $1,112 million, a $34 million increase over the prior year quarter. Adjusted earnings per share grew $0.02 over the prior year quarter to $1.34. The company is raising the midpoint of its full year 2022 adjusted earnings guidance by 50 cents to $3.50 and the midpoint of its adjusted operating cash flow guidance by $75 million to $775 million.
Revenue grew $34 million over the prior year quarter to $1,112 million.
GAAP earnings per share were $1.34.
Adjusted earnings per share grew $0.02 over the prior year quarter to $1.34.
Comparable average revenue per funeral service grew 5%.
Service Corp Intl
Service Corp Intl
Service Corp Intl Revenue by Segment
Revenue by Segment
Total Funeral Revenue
CapyFin.comTotal Cemetery Revenue
CapyFin.com Forward Guidance
The guidance provided continues to have a wider range than usual due to the uncertainty around the impact of the COVID-19 pandemic. The outlook for net cash provided by operating activities excluding special items reflects an estimated $20 million of payroll tax payments in 2022 that were deferred from 2020 as allowed under the CARES Act.
Revenue & Expenses
Visualization of income flow from segment revenue to net income