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Sep 30, 2022
Service Corp Intl Q3 2022 Earnings Report
Service Corporation International reported Q3 2022 earnings, exceeding expectations but falling below the prior year due to COVID-19 impacts.
Key Takeaways
Service Corporation International reported GAAP earnings per share of $0.76 and adjusted earnings per share of $0.68 for the third quarter of 2022. These results significantly exceeded expectations but are below the prior year quarter that was materially impacted by the effects of COVID-19. The company is raising its full year 2022 adjusted earnings guidance by 20 cents to $3.70 and the midpoint of its adjusted operating cash flow guidance by $40 million to $815 million.
GAAP earnings per share were $0.76.
Adjusted earnings per share were $0.68.
Comparable preneed cemetery sales production increased $16 million, or 5%.
Comparable preneed funeral sales production grew $6 million, or 2%.
Service Corp Intl
Service Corp Intl
Service Corp Intl Revenue by Segment
Service Corp Intl Revenue by Geographic Location
Revenue by Segment
Total Funeral Revenue
CapyFin.comTotal Cemetery Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
The company is raising the midpoint of its full year 2022 adjusted earnings guidance by 20 cents to $3.70 and the midpoint of its adjusted operating cash flow guidance by $40 million to $815 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income