NYSE$SCI

Service Corp Intl · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a solid start to 2022 with adjusted earnings per share of $1.34, a $0.02 increase over the prior year quarter.

Service Corporation International reported a revenue of $1,112 million, a $34 million increase over the prior year quarter. Adjusted earnings per share grew $0.02 over the prior year quarter to $1.34. The company is raising the midpoint of its full year 2022 adjusted earnings guidance by 50 cents to $3.50 and the midpoint of its adjusted operating cash flow guidance by $75 million to $775 million.

  • Revenue grew $34 million over the prior year quarter to $1,112 million.
  • GAAP earnings per share were $1.34.
  • Adjusted earnings per share grew $0.02 over the prior year quarter to $1.34.
  • Comparable average revenue per funeral service grew 5%.

Headline financials

Total Revenue

$1.11B

Previous: $1.08B+3.2%
EPS (adj)

$1.34

Previous: $1.32+1.5%
Funeral Average Revenue Per Service

$5.4K

Previous: $5.15K+4.8%
Comparable Preneed Cemetery Sales Growth

11.0%

Previous: 67.0%-83.6%
Free Cash Flow

$220M

Previous: $229M-4.1%
Net Income

$220M

Previous: $229M-4.1%
Operating Income

$336M

Previous: $342M-1.9%
Gross Profit

$377M

Previous: $378M-0.2%
Cash & Equivalents

$301M

Previous: $244M+23.3%
Total Assets

$15.5B

Previous: $14.8B+4.5%
Stock-Based Comp

$3.69M

Previous: $3.5M+5.3%

Revenue & EPS history

Service Corp Intl · Revenue · Quarterly

$1.11B

Q1 2022+3.2%vs Q1 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Service Corp Intl · $1.11B total across 2 segments · Q1 2022

  • Total Funeral
    $649M+4.8%
  • Total Cemetery
    $463M+1.0%

Forward guidance

The guidance provided continues to have a wider range than usual due to the uncertainty around the impact of the COVID-19 pandemic. The outlook for net cash provided by operating activities excluding special items reflects an estimated $20 million of payroll tax payments in 2022 that were deferred from 2020 as allowed under the CARES Act.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.3%

Avg return

Earnings day

+0.6%

Avg return

5 days after

+1.1%

Avg return

30 days after

52%

35 / 67 earnings

Positive

+11.7%

Q3 2023

Best reaction

-11.3%

Q2 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.7%-8.0%-13.0%
Q4 2025-6.7%-4.7%-5.8%
Q3 2025+4.9%+1.9%-0.8%
Q1 2025-4.1%-3.9%-2.4%
Q4 2024+7.2%+2.3%+3.4%
Q3 2024+6.8%+7.5%+15.9%
Q2 2024-6.6%-10.6%-2.2%
Q1 2024-2.9%-5.0%-0.1%
Q4 2023+3.7%+6.9%+11.8%
Q3 2023+11.7%+8.6%+13.1%
Q2 2023-4.5%-2.1%-5.3%
Q1 2023-3.0%-7.3%-9.4%
Q4 2022-2.9%-0.9%-8.6%
Q3 2022+11.4%+14.7%+17.2%
Q2 2022-11.3%-13.7%-17.3%
Q1 2022+10.4%+6.9%+9.3%
Q4 2021-4.0%-6.5%+1.6%
Q3 2021+6.6%+8.8%+6.1%
Q2 2021+7.1%+8.1%+8.3%
Q1 2021+6.1%+4.5%-1.6%
Q4 2020-6.2%-9.1%-8.3%
Q3 2020+6.0%+8.7%+13.6%
Q2 2020+11.6%+14.4%+18.9%
Q1 2020-2.4%-3.3%+4.8%
Q4 2019+1.5%+5.1%-26.5%
Q3 2019-0.3%-2.9%-3.5%
Q2 2019+1.3%-2.8%-1.7%
Q1 2019+3.6%+1.3%+4.8%
Q4 2018-6.5%-6.7%-14.4%
Q3 2018-4.4%+0.5%+6.1%
Q2 2018+4.7%+4.4%+13.6%
Q1 2018-2.4%-4.5%-2.1%
Q4 2017-0.2%+3.1%+2.6%
Q3 2017+4.8%+4.4%+5.8%
Q2 2017+2.6%+1.4%+3.7%
Q1 2017+3.9%+1.5%+0.9%
Q4 2016+7.8%+6.3%+5.0%
Q3 2016-2.3%-2.1%+4.2%
Q2 2016-1.6%-4.4%-6.0%
Q1 2016+4.1%
Q4 2015-2.2%
Q3 2015-2.7%
Q2 2015+1.1%
Q1 2015-1.1%
Q4 2014+6.6%
Q3 2014-1.8%
Q2 2014+5.2%
Q1 2014+2.5%
Q4 2013+4.1%
Q3 2013-4.1%
Q2 2013-0.3%
Q1 2013+5.4%
Q4 2012+5.0%
Q3 2012+5.4%
Q2 2012+5.5%
Q1 2012-2.0%
Q4 2011-0.5%
Q3 2011+0.7%
Q2 2011-4.2%
Q1 2010-1.1%
Q1 2011+5.0%
Q4 2010-0.1%
Q3 2010-2.0%
Q3 2009-2.0%
Q2 2009+2.8%
Q4 2009+2.8%
Q2 2010+2.8%

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