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Sep 30, 2020
Service Corp Intl Q3 2020 Earnings Report
Reported a revenue increase and adjusted earnings per share growth due to the impact of COVID-19.
Key Takeaways
Service Corporation International reported a revenue increase of $149 million and adjusted earnings per share of $0.79, a $0.42 increase over the prior year quarter. The impact of COVID-19 has increased the number of funeral services performed as well as the number of burials in our cemeteries. The company experienced unprecedented growth in preneed cemetery sales and a significant improvement in the number of families who are desiring memorial services.
Revenue grew $149 million over the prior year quarter to $918 million.
GAAP earnings per share were $0.72.
Adjusted earnings per share grew $0.42 over the prior year quarter to $0.79.
Cemetery preneed sales grew $95 million, or 47%.
Revenue by Segment
Forward Guidance
The guidance provided below has a wider range than usual for the three month period due to the continued uncertainty around the impact of the COVID-19 pandemic. This revised outlook assumes that the impact of COVID-19 continues throughout the fourth quarter.
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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