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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%.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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