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Mar 31, 2023
Service Corp Intl Q1 2023 Earnings Report
Reported first quarter results, exceeding long-term growth expectations and confirming 2023 guidance.
Key Takeaways
Service Corporation International reported GAAP earnings per share of $0.93 and net cash provided by operating activities of $220 million for the first quarter of 2023. The company continues to exceed long-term growth expectations compared to the pre-pandemic first quarter of 2019.
GAAP earnings per share were $0.93.
Net cash provided by operating activities were $220 million.
Comparable funeral sales average grew 2.4%.
Comparable preneed funeral sales production grew $24 million, or 8.1%.
Revenue by Segment
Forward Guidance
The company's guidance ranges for 2023 have not changed and are consistent with previously reported outlook. Diluted earnings per share from continuing operations excluding special items is anticipated to be at the upper end of the expected long-term growth framework of 8%-12%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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