SERVICE CORPORATION INTERNATIONAL INCREASES SHARE REPURCHASE AUTHORIZATION
Rhea-AI Summary
Service Corporation International (NYSE:SCI) announced that its Board has increased the authorized level of common stock repurchases by approximately $472 million. Combined with about $128 million remaining under the existing program, SCI now has a total of $600 million in current share repurchase authority effective June 11, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Board adds approximately $472 million to share repurchase authorization
- Total current SCI buyback capacity reaches $600 million
- Existing program still had about $128 million remaining, now supplemented
Negative
- None.
News Market Reaction – SCI
On the day this news was published, SCI gained 4.34%, reflecting a moderate positive market reaction. Our momentum scanner triggered 20 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $448M to the company's valuation, bringing the market cap to $10.77B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 06 | Dividend increase | Positive | -1.3% | Board raised quarterly dividend to $0.36 per share, up 6%. |
| Apr 29 | Q1 2026 earnings | Positive | -6.2% | Q1 revenue $1,096.5M and EPS $0.97 with 2026 guidance confirmed. |
| Apr 16 | Earnings schedule | Neutral | +3.0% | Announced timing and access details for Q1 2026 earnings call. |
| Feb 19 | Dividend declaration | Neutral | +0.7% | Declared regular quarterly dividend of $0.34 per share. |
| Feb 11 | Q4 2025 earnings | Positive | -6.7% | Reported Q4 and full-year growth and outlined 2026 EPS and cash flow guidance. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent shareholder-friendly actions (dividends, guidance, capital returns) often saw muted or negative immediate price reactions, indicating a history of divergence between positive news and short-term price moves.
Over the last several months, SCI highlighted consistent shareholder returns and stable guidance. On Feb 11, 2026, it reported Q4 2025 revenue of $1,111.5M and full-year revenue of $4,309.2M, plus $645M returned to shareholders in 2025 and 2026 guidance for adjusted EPS of $4.05–$4.35. Q1 2026 results on Apr 29, 2026 showed revenue of $1,096.5M and operating cash flow of $333.8M with guidance confirmed. Dividend actions on Feb 19 and May 6, 2026 increased or maintained payouts, reinforcing a capital return strategy that today’s expanded buyback complements.
Regulatory & Risk Context
Key Terms
AI-generated analysis. How Rhea-AI works. Not financial advice.
Cautionary Statement on Forward-Looking Statements
The statements in this press release that are not historical facts are forward-looking statements. These forward-looking statements have been made in reliance on the "safe harbor" protections provided under the Private Securities Litigation Reform Act of 1995. These statements may be accompanied by words such as "believe," "estimate," "project," "expect," "anticipate," or "predict," that convey the uncertainty of future events or outcomes. These statements are based on assumptions that we believe are reasonable; however, many important factors could cause our actual results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of us. There can be no assurance that future dividends will be declared. The actual declaration of future dividends, and the establishment of record and payment dates, is subject to final determination by our Board of Directors each quarter after its review of our financial performance. Important factors which could cause actual results to differ materially from those in forward-looking statements include, among others, restrictions on the payment of dividends under existing or future credit agreements or other financing arrangements; changes in tax laws relating to corporate dividends; a determination by the Board of Directors that the declaration of a dividend is not in the best interests of the Company and its shareholders; an increase in our cash needs or a decrease in available cash; or a deterioration in our financial condition or results. For further information on these and other risks and uncertainties, see our Securities and Exchange Commission filings, including our 2025 Annual Report on Form 10-K. Copies of this document as well as other SEC filings can be obtained from our website at http://www.sci-corp.com. We assume no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by us, whether as a result of new information, future events or otherwise.
About Service Corporation International
Service Corporation International (NYSE: SCI), headquartered in
For additional information contact: InvestorRelations@sci-us.com | |||
Investors: | Trey Bocage – Assistant Vice President / Treasury and Investor Relations | (713) 525-3454 | |
Andrea Low – Director / Federal Tax and Investor Relations | (713) 525-2811 | ||
Media: | Jay Andrew – Assistant Vice President / Corporate Communications | (713) 525-3468 | |
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SOURCE Service Corporation International