Service Corporation International (SCI) reported Q4 2019 financial results, with GAAP earnings per share of $0.79 and adjusted earnings per share of $0.60, an 11% increase over the prior year quarter. Revenue reached $850.8 million, and the company provided an outlook for 2020 with expected adjusted earnings per share growth in the long-term targeted range of 8% to 12%.
GAAP earnings per share were $0.79.
Adjusted earnings per share grew 11% year-over-year to $0.60.
Comparable funeral gross profit increased by 10% on a 5% rise in revenue.
Comparable funeral and cemetery preneed sales production increased by 12.1% and 5.2%, respectively, compared to the prior year quarter.
SCI anticipates diluted EPS excluding special items to align with its long-term growth framework of 8%-12%.
Visualization of income flow from segment revenue to net income