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Jun 30, 2022

Service Corp Intl Q2 2022 Earnings Report

Reported solid adjusted earnings per share and net cash provided by operating activities, while confirming full year guidance.

Key Takeaways

Service Corporation International reported second quarter 2022 results with adjusted earnings per share of $0.84 and net cash provided by operating activities of $141 million. Revenue grew slightly to $991 million. The company confirmed its full year 2022 guidance for adjusted earnings and adjusted operating cash flow.

Revenue grew $3 million over the prior year quarter to $991 million.

GAAP earnings per share were $0.82.

Adjusted earnings per share were $0.84.

Comparable average revenue per funeral service grew 1.8%.

Total Revenue
$991M
Previous year: $988M
+0.3%
EPS
$0.84
Previous year: $0.92
-8.7%
Preneed Cemetery Sales Growth
2.5%
Previous year: 36%
-93.1%
Funeral Average Revenue Per Service
$5.43K
Previous year: $5.35K
+1.4%
Gross Profit
$267M
Previous year: $269M
-0.8%
Cash and Equivalents
$206M
Previous year: $437M
-52.8%
Total Assets
$14.7B
Previous year: $15.3B
-4.2%

Service Corp Intl

Service Corp Intl

Service Corp Intl Revenue by Segment

Forward Guidance

The guidance provided below continues to have a wider range than usual due to the uncertainty around the impact of the COVID-19 pandemic.

Revenue & Expenses

Visualization of income flow from segment revenue to net income