Service Corp Intl
🇺🇸 NYSE:SCI
•
Dec 31, 2024
Service Corp Intl Q4 2024 Earnings Report
Key Takeaways
Service Corporation International delivered strong Q4 2024 results with revenue growth of 4% YoY, driven by higher cemetery and funeral sales. Adjusted EPS grew 14%, supported by gross profit expansion and cost efficiencies.
Service Corp Intl Revenue
Service Corp Intl EPS
Service Corp Intl Revenue by Segment
Service Corp Intl Revenue by Geographic Location
Forward Guidance
SCI expects continued revenue and EPS growth in 2025, with guidance aligning with its long-term 8%-12% growth framework.
Positive Outlook
- Midpoint of adjusted EPS guidance at $3.85 aligns with long-term growth framework.
- Preneed cemetery sales production showing continued strength.
- Ongoing cost management efforts improving margins.
- Strong operating cash flow allowing for strategic acquisitions and investments.
- Cemetery property development investment planned at $160M for future growth.
Challenges Ahead
- Funeral services performed declined YoY, reflecting industry trends.
- Higher restructuring charges impacted net income in Q4.
- Legal settlement payments affecting operating cash flow in short term.
- Increased maintenance costs due to natural disasters at some locations.
- Transition to new preneed insurance provider impacting short-term preneed sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income