NYSE$SCI

Service Corp Intl · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Service Corporation International reported second quarter earnings with revenue growth and increased earnings per share.

Service Corporation International (SCI) reported a revenue increase of $7.4 million and adjusted earnings per share growth of $0.11, or 23%, over the prior year quarter. The increase in adjusted earnings per share was attributable to better than expected operating performance in our funeral and cemetery operations driven by an increase in core funeral revenue and effective cost management.

  • GAAP earnings per share were $0.59.
  • Adjusted earnings per share grew $0.11, or 23%, over the prior year quarter to $0.58.
  • Net cash provided by operating activities increased $106 million, or 136%, aided by tax payment deferrals.
  • Cemetery preneed sales grew $25.1 million, or 10.4%.

Headline financials

Total Revenue

$820M

Previous: $813M+0.9%
EPS (adj)

$0.58

Previous: $0.47+23.4%
Funeral Average Revenue Per Service

$4.73K

No prior period
Funeral Services Performed

90.6K

No prior period
Funeral Gross Margin

24.1%

No prior period
Comparable Preneed Cemetery Sales Growth

10.4%

No prior period
Free Cash Flow

$106M

Previous: $72.3M+45.9%
Net Income

$106M

Previous: $72.3M+45.9%
Operating Income

$182M

Previous: $150M+21.5%
Gross Profit

$219M

Previous: $191M+14.5%
Cash & Equivalents

$222M

Previous: $244M-8.8%
Total Assets

$13.5B

Previous: $13.4B+1.0%
Stock-Based Comp

$3.64M

Previous: $3.45M+5.6%

Revenue & EPS history

Service Corp Intl · Revenue · Quarterly

$820M

Q2 2020+0.9%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Service Corp Intl · $820M total across 2 segments · Q2 2020

  • Total Funeral
    $481M
  • Total Cemetery
    $339M

Forward guidance

The company anticipates the continued impact of the COVID-19 pandemic will result in increased funeral services performed, particularly early in the third quarter, which will be somewhat offset by declines in our average revenue per service as gathering restrictions and self-isolating measures persist in certain jurisdictions.

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 Q2 2020

Historical avgQ2 2020

+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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