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Sep 30, 2023
Service Corp Intl Q3 2023 Earnings Report
Service Corporation International reported strong Q3 2023 results, with revenue exceeding $1.0 billion and adjusted EPS growing by 15%.
Key Takeaways
Service Corporation International (SCI) announced strong financial results for the third quarter of 2023, marked by revenue exceeding $1.0 billion and a 15% increase in adjusted earnings per share. The company's performance was driven by growth in cemetery preneed revenue and effective cost management, despite a challenging consumer and interest rate environment.
Revenue increased by $24.1 million year-over-year to over $1.0 billion.
GAAP earnings per share were $0.80, compared to $0.76 in Q3 2022.
Adjusted earnings per share grew 15% to $0.78, compared to $0.68 in the prior year quarter.
Net cash provided by operating activities increased to $227.8 million from $182.6 million in Q3 2022.
Revenue by Segment
Forward Guidance
The company's annual guidance ranges for 2023 remain unchanged and are consistent with the previously reported outlook.
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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