NYSE$SCI

Service Corp Intl · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Service Corp Intl's Q4 2022 earnings were reported, revealing adjusted earnings per share of $0.92, which exceeded expectations despite being below the prior year's COVID-19-impacted quarter.

Service Corporation International (SCI) reported its Q4 2022 financial results, with adjusted earnings per share exceeding expectations at $0.92. While this was below the prior year's quarter, which was significantly impacted by COVID-19, the company continues to experience some impact from COVID-19 as well as a higher number of other excess deaths. The company invested $89 million in acquisitions during the quarter, adding 14 funeral homes and 3 cemeteries.

  • GAAP earnings per share were $0.59 for the fourth quarter 2022.
  • Adjusted earnings per share were $0.92 for the fourth quarter 2022, exceeding expectations.
  • Cemetery preneed sales grew 2.4% for the full year 2022.
  • Funeral preneed sales grew 6.4% for the full year 2022.

Headline financials

Total Revenue

$1.03B

Previous: $1.04B-1.5%
EPS (adj)

$0.92

Previous: $1.17-21.4%
Funeral Average Revenue Per Service

$5.45K

Previous: $5.46K-0.1%
Funeral Services Performed

93.3K

Previous: 96.5K-3.4%
Net Income

$92.3M

Previous: $207M-55.3%
Operating Income

$167M

Previous: $298M-44.0%
Gross Profit

$280M

Previous: $324M-13.7%
Cash & Equivalents

$192M

Previous: $269M-28.5%
Total Assets

$15.1B

Previous: $15.7B-4.0%
Stock-Based Comp

$3.65M

Previous: $3.54M+3.1%

Revenue & EPS history

Service Corp Intl · Revenue · Quarterly

$1.03B

Q4 2022-1.5%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Service Corp Intl · $1.03B total across 2 segments · Q4 2022

  • Total Funeral
    $580M-3.3%
  • Total Cemetery
    $448M+0.9%

Forward guidance

The 2023 outlook for diluted earnings per share from continuing operations, excluding special items, is anticipated to be at the upper end of the expected long-term growth framework of 8%-12%, excluding the impact of COVID-19 activity in 2022 and before absorbing an expected 25 cent increase in interest expense.

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 Q4 2022

Historical avgQ4 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro