earnings
confidence high
sentiment positive
materiality 0.70
SCI reports Q4 adjusted EPS $0.92 above expectations; confirms 2023 EPS guidance $3.60
SERVICE CORP INTERNATIONAL
2022-FY EPS reported
$3.53
revenue$4,108,661,000
- GAAP diluted EPS $0.59 (Q4) and $3.53 (FY2022); adjusted diluted EPS $0.92 (Q4) and $3.80 (FY2022), beating expectations.
- Revenue $1,027.7M (Q4) and $4,108.7M (FY), down slightly YoY; operating income $167M (Q4) vs $298.5M prior year.
- Full-year operating cash flow $826M, above guidance midpoint; 2023 adjusted EPS midpoint reaffirmed at $3.60.
- Cemetery preneed sales up 2.4% and funeral preneed sales up 6.4% for full year 2022.
- Invested $89M in Q4 acquisitions adding 14 funeral homes and 3 cemeteries across US and Canada.