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Sep 30, 2021

Service Corp Intl Q3 2021 Earnings Report

Service Corporation International reported strong Q3 2021 results with increased revenue and earnings, and raised full-year guidance.

Key Takeaways

Service Corporation International reported a strong third quarter with revenue of $1.03 billion and GAAP earnings per share of $1.23. Adjusted earnings per share grew 47% year-over-year to $1.16. The company raised its full-year adjusted earnings per share guidance by 95 cents to $4.30 and adjusted operating cash flow guidance by $150 million to $888 million.

Revenue grew $116 million year-over-year to $1.03 billion.

Gross profit grew almost $69 million year-over-year.

GAAP earnings per share were $1.23.

Adjusted earnings per share grew 47% year-over-year to $1.16.

Total Revenue
$1.03B
Previous year: $918M
+12.6%
EPS
$1.16
Previous year: $0.79
+46.8%
Gross Margin
28.1%
Preneed Cemetery Sales Growth
8%
Previous year: 47%
-83.0%
Funeral Average Revenue Per Service
$5.4K
Previous year: $5.02K
+7.6%
Gross Profit
$333M
Previous year: $264M
+26.3%
Cash and Equivalents
$407M
Previous year: $220M
+84.7%
Total Assets
$15.4B
Previous year: $13.8B
+11.5%

Service Corp Intl

Service Corp Intl

Service Corp Intl Revenue by Segment

Forward Guidance

The annual guidance ranges below reflect the continued uncertainty related to the impact of the COVID-19 pandemic.

Revenue & Expenses

Visualization of income flow from segment revenue to net income