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Dec 31, 2020
Service Corp Intl Q4 2020 Earnings Report
Service Corporation International reported strong Q4 2020 results, driven by elevated COVID-19 mortality and efficient cost structure.
Key Takeaways
Service Corporation International (SCI) announced fourth-quarter earnings per share of $1.15 and adjusted earnings per share of $1.13, a $0.53 increase over the prior year quarter. Revenue grew $120 million, or 14%, over the prior year quarter to $970 million. The growth was driven by elevated COVID-19 mortality, which resulted in an increase in both funeral services performed and burials in cemeteries.
Revenue grew $120 million, or 14%, over the prior year quarter to $970 million.
GAAP earnings per share were $1.15.
Adjusted earnings per share grew $0.53 over the prior year quarter to $1.13.
Comparable funeral gross profit grew 44% and margin expanded 640 basis points to 27.5%.
Revenue by Segment
Forward Guidance
The guidance provided below has a wider range than usual due to the continued uncertainty around the impact of the COVID-19 pandemic. This outlook assumes that the impact of COVID-19 will continue into the first half of 2021.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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