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Mar 31, 2024
Service Corp Intl Q1 2024 Earnings Report
Service Corporation International reported first quarter 2024 financial results, showing a slight revenue increase and stable cash flow.
Key Takeaways
Service Corporation International (SCI) reported its first quarter 2024 financial results, with revenue increasing by $16.7 million compared to the first quarter of 2023. EPS was reported at $0.89. The company's performance was driven by a strong cemetery segment, with preneed cemetery sales production growing by 7.8%.
Revenue increased by $16.7 million over the first quarter of 2023.
Earnings per share was $0.89 compared to $0.93 in the first quarter of 2023.
Net cash provided by operating activities was $220.1 million compared to $219.6 million in the first quarter of 2023.
Comparable preneed cemetery sales production grew 7.8%.
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 company's annual guidance ranges for 2024 have not changed and are consistent with their previously reported outlook. Diluted earnings per share excluding special items are projected to be between $3.50 and $3.80. Net cash provided by operating activities excluding special items is expected to be between $900 million and $960 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income