secwatch.observer — SEC 8-K summary
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Issuer:     SERVICE CORP INTERNATIONAL (SCI)
CIK:        0000089089
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0000089089-23-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SCI reports Q4 adjusted EPS $0.92 above expectations; confirms 2023 EPS guidance $3.60
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/89089/000008908923000004/0000089089-23-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/89089/000008908923000004/sci-20230214.htm
  HTML page:      https://secwatch.observer/filing/0000089089-23-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer