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Dec 31, 2023
Service Corp Intl Q4 2023 Earnings Report
Service Corporation International reported a solid Q4 2023 with revenue growth driven by preneed cemetery sales and adjusted EPS remaining consistent with the prior year.
Key Takeaways
Service Corporation International (SCI) announced its Q4 2023 financial results, revealing an increase in revenue to $1.1 billion and comparable preneed cemetery sales production growth of 9.4%. GAAP and adjusted earnings per share were $0.93. The company provided 2024 adjusted earnings per share guidance of $3.50 to $3.80.
Revenue increased to $1.1 billion, a $28 million increase year-over-year.
Comparable preneed cemetery sales production grew by 9.4%.
GAAP earnings per share were $0.93.
Adjusted earnings per share were $0.93.
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 2024 outlook for diluted earnings per share from continuing operations excluding special items is anticipated to be within the expected long-term growth framework of 8%-12% when excluding an estimated $20 million impact of the higher interest rate environment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income