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Dec 31, 2019

Service Corp Intl Q4 2019 Earnings Report

Service Corporation International reported strong Q4 2019 results, driven by funeral business performance and preneed sales growth.

Key Takeaways

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.

Total Revenue
$851M
Previous year: $821M
+3.6%
EPS
$0.6
Previous year: $0.54
+11.1%
Gross Margin
25.62%
Preneed Cemetery Sales Growth
5.2%
Funeral Average Revenue Per Service
$5.24K
Gross Profit
$218M
Previous year: $210M
+3.6%
Cash and Equivalents
$186M
Previous year: $199M
-6.3%
Total Assets
$13.7B
Previous year: $12.7B
+7.8%

Service Corp Intl

Service Corp Intl

Service Corp Intl Revenue by Segment

Service Corp Intl Revenue by Geographic Location

Forward Guidance

SCI anticipates diluted EPS excluding special items to align with its long-term growth framework of 8%-12%.

Revenue & Expenses

Visualization of income flow from segment revenue to net income