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Service Corporation International - SCI STOCK NEWS

Welcome to our dedicated page for Service Corporation International news (Ticker: SCI), a resource for investors and traders seeking the latest updates and insights on Service Corporation International stock.

Service Corporation International (NYSE: SCI), headquartered in Houston, Texas, is North America's leading provider of funeral, cemetery, and cremation services. The company operates an extensive network with over 1,480 funeral service locations and nearly 490 cemeteries across 44 U.S. states, eight Canadian provinces, the District of Columbia, and Puerto Rico as of December 31, 2023.

SCI's business is segmented into funeral services and cemetery operations. Through these segments, the company provides a comprehensive range of services including professional funeral and cremation services, cemetery property, memorial markers, and graveyard services. The company’s well-known Dignity Memorial® brand is recognized for its high-quality and compassionate service, fulfilling the diverse needs of over 600,000 families annually.

Recently, SCI reported strong financial performance. For the fourth quarter of 2023, the company achieved adjusted earnings per share of $0.89 and net cash provided by operating activities of $220 million, largely driven by a 9% increase in preneed cemetery sales. The company's strategic focus on revenue growth, leveraging its scale, and prudent capital allocation continues to enhance shareholder value.

SCI's financial stability is further evidenced by its updated guidance for the full year of 2024. The company expects to maintain its long-term growth framework with anticipated earnings per share growth of 8%-12%, even after accounting for economic challenges such as higher interest rates.

The company’s leadership attributes these successes to their dedicated workforce of 25,000 associates who uphold the highest standards in service excellence. SCI's ongoing projects include expanding their digital investments to optimize customer experience and support preneed sales growth. These initiatives are part of SCI's long-term strategy to remain a leader in the deathcare industry.

For more information about Service Corporation International, please visit www.sci-corp.com. To learn more about Dignity Memorial®, visit www.dignitymemorial.com.

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Global Atlantic Financial Group has announced a 10-year partnership with Service International (SCI) to become the preferred provider of preneed insurance for North America's largest funeral service provider.

This partnership aims to significantly grow Global Atlantic's preneed business and position it as the top provider in North America. Preneed insurance helps cover funeral costs, providing financial relief to families. SCI serves over 600,000 families annually across 1,900 locations.

The partnership will bring digital advancements for seamless customer experiences and operational efficiencies. Global Atlantic plans to hire additional staff and enhance customer support capabilities across its offices.

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Service International (NYSE: SCI) declared a quarterly cash dividend of thirty cents per share of common stock, payable on June 28, 2024. The company is the largest deathcare products and services provider in North America. While the intention is to pay regular quarterly dividends, final decisions are subject to the Board of Directors' review of financial performance.

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Service International (SCI), the largest deathcare provider in North America, reported strong financial results for the first quarter of 2024. Revenue increased by $16.7 million, while earnings per share was $0.89. The company's net cash provided by operating activities was $220.1 million. Comparable preneed cemetery sales production grew by 7.8%, and comparable core funeral sales average grew by 3.9%. Despite a decline in comparable core funeral services performed, the company's financial results are solid. SCI remains focused on long-term growth and shareholder value.

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Service International (SCI) has announced the schedule for its first quarter 2024 earnings release and conference call. The financial results will be released on May 1, 2024, followed by a conference call on May 2, 2024. Details for the call are provided for investors and analysts.
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Service Corporation International (SCI) increases its quarterly cash dividend to thirty cents per share, marking a 3.4% rise from the previous dividend. The dividend will be payable on March 28, 2024, to shareholders of record on March 15, 2024.
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Service Corporation International (SCI) reported strong financial results for the fourth quarter of 2023 with revenue reaching $1.1 billion. The company saw growth in preneed cemetery and funeral sales production, leading to a 16% growth in adjusted earnings per share since 2019. The outlook for 2024 shows a continued positive trend with expected diluted earnings per share of $3.50 to $3.80 and net cash provided by operating activities of $935 to $985 million.
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Service Corporation International (SCI) is set to release its financial results for the fourth quarter of 2023 on February 12, 2024, followed by a conference call on February 13, 2024. The conference call details, including the dial-in numbers and webcast information, were also provided in the press release.
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Service Corporation International (NYSE: SCI) announces a quarterly cash dividend of twenty-nine cents per share of common stock and an increase in authorized level of stock repurchases by approximately $477 million.
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Service Corporation International (SCI) reported strong results for the third quarter of 2023, with revenue increasing by $24.1 million to over $1.0 billion. GAAP earnings per share were $0.80, while adjusted earnings per share grew 15% to $0.78. Net cash provided by operating activities was $227.8 million, a $45.2 million increase compared to the same quarter last year. Comparable core funeral sales average grew 4.3%, and comparable preneed funeral sales production grew $15 million, or 4.9%.
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Service Corporation International (NYSE: SCI) to release financial results for Q3 2023 on November 1, 2023
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FAQ

What is the current stock price of Service Corporation International (SCI)?

The current stock price of Service Corporation International (SCI) is $84.06 as of November 15, 2024.

What is the market cap of Service Corporation International (SCI)?

The market cap of Service Corporation International (SCI) is approximately 12.1B.

What services does Service Corporation International provide?

Service Corporation International provides a wide range of funeral, cemetery, and cremation services to families, including professional funeral services, cemetery property, and memorial markers.

What is the Dignity Memorial® brand?

The Dignity Memorial® brand is SCI's premier brand, known for its high-quality and compassionate funeral, cemetery, and cremation services.

How many locations does Service Corporation International operate?

As of December 31, 2023, SCI operates over 1,480 funeral service locations and nearly 490 cemeteries across North America.

Where is Service Corporation International headquartered?

Service Corporation International is headquartered in Houston, Texas.

How has SCI performed financially recently?

SCI reported strong financial performance with adjusted earnings per share of $0.89 and net cash provided by operating activities of $220 million for the fourth quarter of 2023.

What is the outlook for Service Corporation International in 2024?

SCI anticipates earnings per share growth of 8%-12% for 2024, maintaining its long-term growth framework despite economic challenges like higher interest rates.

What are SCI’s recent achievements?

SCI has seen a 9% increase in preneed cemetery sales and significant revenue growth, driven by its strategic initiatives and dedicated workforce.

How can I learn more about SCI or the Dignity Memorial® services?

You can learn more about SCI at www.sci-corp.com and about Dignity Memorial® services at www.dignitymemorial.com.

How does SCI contribute to shareholder value?

SCI focuses on revenue growth, leveraging its scale, and prudent capital allocation to enhance shareholder value.

What is SCI’s long-term strategy?

SCI aims to continue growing revenue, optimize customer experiences through digital investments, and leverage its unparalleled scale to maintain its leadership in the deathcare industry.

Service Corporation International

NYSE:SCI

SCI Rankings

SCI Stock Data

12.06B
144.98M
2.9%
90.53%
5.58%
Personal Services
Services-personal Services
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United States of America
HOUSTON