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Dec 31, 2022
Service Corp Intl Q4 2022 Earnings Report
Service Corp Intl's Q4 2022 earnings were reported, revealing adjusted earnings per share of $0.92, which exceeded expectations despite being below the prior year's COVID-19-impacted quarter.
Key Takeaways
Service Corporation International (SCI) reported its Q4 2022 financial results, with adjusted earnings per share exceeding expectations at $0.92. While this was below the prior year's quarter, which was significantly impacted by COVID-19, the company continues to experience some impact from COVID-19 as well as a higher number of other excess deaths. The company invested $89 million in acquisitions during the quarter, adding 14 funeral homes and 3 cemeteries.
GAAP earnings per share were $0.59 for the fourth quarter 2022.
Adjusted earnings per share were $0.92 for the fourth quarter 2022, exceeding expectations.
Cemetery preneed sales grew 2.4% for the full year 2022.
Funeral preneed sales grew 6.4% for the full year 2022.
Revenue by Segment
Forward Guidance
The 2023 outlook for diluted earnings per share from continuing operations, excluding special items, is anticipated to be at the upper end of the expected long-term growth framework of 8%-12%, excluding the impact of COVID-19 activity in 2022 and before absorbing an expected 25 cent increase in interest expense.
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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