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Jun 30, 2020
Service Corp Intl Q2 2020 Earnings Report
Service Corporation International reported second quarter earnings with revenue growth and increased earnings per share.
Key Takeaways
Service Corporation International (SCI) reported a revenue increase of $7.4 million and adjusted earnings per share growth of $0.11, or 23%, over the prior year quarter. The increase in adjusted earnings per share was attributable to better than expected operating performance in our funeral and cemetery operations driven by an increase in core funeral revenue and effective cost management.
GAAP earnings per share were $0.59.
Adjusted earnings per share grew $0.11, or 23%, over the prior year quarter to $0.58.
Net cash provided by operating activities increased $106 million, or 136%, aided by tax payment deferrals.
Cemetery preneed sales grew $25.1 million, or 10.4%.
Revenue by Segment
Forward Guidance
The company anticipates the continued impact of the COVID-19 pandemic will result in increased funeral services performed, particularly early in the third quarter, which will be somewhat offset by declines in our average revenue per service as gathering restrictions and self-isolating measures persist in certain jurisdictions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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