NYSE$SCI

Service Corp Intl · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Service Corporation International reported first quarter 2024 financial results, showing a slight revenue increase and stable cash flow.

Service Corporation International (SCI) reported its first quarter 2024 financial results, with revenue increasing by $16.7 million compared to the first quarter of 2023. EPS was reported at $0.89. The company's performance was driven by a strong cemetery segment, with preneed cemetery sales production growing by 7.8%.

  • Revenue increased by $16.7 million over the first quarter of 2023.
  • Earnings per share was $0.89 compared to $0.93 in the first quarter of 2023.
  • Net cash provided by operating activities was $220.1 million compared to $219.6 million in the first quarter of 2023.
  • Comparable preneed cemetery sales production grew 7.8%.

Headline financials

Total Revenue

$1.05B

Previous: $1.03B+1.6%
EPS

$0.89

Previous: $0.93-4.3%
Funeral Average Revenue Per Service

$5.61K

Previous: $5.41K+3.7%
Funeral Services Performed

94.4K

Previous: 96.2K-1.9%
Comparable Preneed Cemetery Sales Growth

0.0%

No prior period
Capital Expenditures

-$79.8M

No prior period
Free Cash Flow

$131M

Previous: $145M-9.3%
Net Income

$131M

Previous: $145M-9.3%
Operating Income

$232M

Previous: $246M-5.5%
Gross Profit

$274M

Previous: $289M-5.1%
Cash & Equivalents

$206M

Previous: $158M+30.3%
Total Assets

$16.7B

Previous: $15.3B+8.8%
Stock-Based Comp

$3.93M

Previous: $4.48M-12.3%

Revenue & EPS history

Service Corp Intl · Revenue · Quarterly

$1.05B

Q1 2024+1.6%vs Q1 2023
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Service Corp Intl · $1B total across 2 segments · Q3 2023

  • Total Funeral
    $555M+0.1%
  • Total Cemetery
    $447M+5.5%

Forward guidance

The company's annual guidance ranges for 2024 have not changed and are consistent with their previously reported outlook. Diluted earnings per share excluding special items are projected to be between $3.50 and $3.80. Net cash provided by operating activities excluding special items is expected to be between $900 million and $960 million.

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 2024

Historical avgQ1 2024

+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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