NYSE$SCI

Service Corp Intl · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Service Corporation International reported a solid Q4 2023 with revenue growth driven by preneed cemetery sales and adjusted EPS remaining consistent with the prior year.

Service Corporation International (SCI) announced its Q4 2023 financial results, revealing an increase in revenue to $1.1 billion and comparable preneed cemetery sales production growth of 9.4%. GAAP and adjusted earnings per share were $0.93. The company provided 2024 adjusted earnings per share guidance of $3.50 to $3.80.

  • Revenue increased to $1.1 billion, a $28 million increase year-over-year.
  • Comparable preneed cemetery sales production grew by 9.4%.
  • GAAP earnings per share were $0.93.
  • Adjusted earnings per share were $0.93.

Headline financials

Total Revenue

$1.06B

Previous: $1.03B+2.7%
EPS (adj)

$0.93

Previous: $0.92+1.1%
Funeral Average Revenue Per Service

$5.58K

Previous: $5.45K+2.4%
Funeral Services Performed

90.5K

Previous: 93.3K-3.0%
Funeral Gross Margin

27.2%

No prior period
Comparable Preneed Cemetery Sales Growth

9.4%

No prior period
Capital Expenditures

-$94M

No prior period
Net Income

$138M

Previous: $92.3M+49.9%
Operating Income

$242M

Previous: $167M+45.0%
Gross Profit

$288M

Previous: $280M+2.7%
Stock-Based Comp

$3.64M

Previous: $3.65M-0.2%

Revenue & EPS history

Service Corp Intl · Revenue · Quarterly

$1.06B

Q4 2023+2.7%vs Q4 2022
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 2024 outlook for diluted earnings per share from continuing operations excluding special items is anticipated to be within the expected long-term growth framework of 8%-12% when excluding an estimated $20 million impact of the higher interest rate environment.

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 2023

Historical avgQ4 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

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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