NYSE$SCI
Service Corp Intl · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Service Corporation International reported mixed results for Q2 2023, with revenue growth offset by inflationary pressures and revised full-year guidance.
Service Corporation International (SCI) announced its Q2 2023 financial results, revealing a slight revenue increase to just over $1.0 billion, but a decrease in adjusted earnings per share to $0.83. The company is adjusting its full-year adjusted earnings per share guidance due to inflationary pressures, while increasing its adjusted operating cash flow guidance due to a tax accounting method change.
- Revenue increased by $22.6 million to exceed $1.0 billion.
- GAAP earnings per share rose to $0.86, while adjusted earnings per share decreased slightly to $0.83.
- Net cash from operating activities grew to $144.1 million, with $157 million excluding special items.
- The company narrowed its full-year adjusted EPS guidance to $3.40-$3.60 and raised adjusted operating cash flow guidance to $830-$880 million.
Headline financials
Revenue & EPS history
Service Corp Intl · Revenue · Quarterly
$1.01B
Revenue by segment
Service Corp Intl · $1.01B total across 2 segments · Q2 2023
- Total Funeral$565M+3.0%55.8%
- Total Cemetery$448M+1.4%44.2%
Forward guidance
Service Corporation International revised its full-year adjusted earnings per share guidance to $3.40-$3.60, while raising its adjusted operating cash flow guidance to $830-$880 million.
Tailwinds
- Strong demand for preneed cemetery sales from mid and high price tiered consumers.
- Strength of operating cash flow.
- Expected decrease in cash taxes due to a change in tax accounting method related to the cemetery segment.
- Continued strength of operating cash flow
- Decrease in cash taxes
Headwinds
- Challenging inflationary environment impacting consumer discretionary spending.
- Softness from the more price-sensitive consumer due to inflation and economic uncertainty.
- Higher than expected interest rates.
- Inflationary employee-related costs.
- Decline in velocity of contracts sold in cemetery segment.
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 2023
+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
| Quarter | Report date | Reaction (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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