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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.
Service Corp Intl
Service Corp Intl
Service Corp Intl Revenue by Segment
Revenue by Segment
Total Funeral Revenue
CapyFin.comTotal Cemetery Revenue
CapyFin.com 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