SCI Q4 revenue $1.056B (+2.7% YoY), adj EPS $0.93; FY2024 EPS guidance $3.50-$3.80

SERVICE CORP INTERNATIONAL

2023-FY EPS reported $3.53 revenue$4,099,778,000

Q4 revenue $1,055.8M (+$28M YoY); GAAP EPS $0.93 vs $0.59; adj EPS $0.93 vs $0.92.
FY2023 revenue $4,099.8M (flat YoY); GAAP EPS $3.53; adj EPS $3.47 (vs $3.80 prior year).
FY2024 adjusted EPS guidance range $3.50-$3.80, midpoint above 2023 adj EPS of $3.47.
Comparable preneed cemetery sales production up 9.4% in Q4; preneed funeral sales up 4.2%.
Q4 operating cash flow $277.6M vs $170.3M; FY $869M vs $825.7M; adj operating cash flow FY $882.3M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SERVICE CORP INTERNATIONAL reported the fourth quarter and full year 2023 results: revenue $1.1 billion, net income $138.4, EPS $0.93 and $3.53. Guidance initiated.

Period: the fourth quarter and full year 2023
Revenue: $1.1 billion
Net income: $138.4
EPS: $0.93 and $3.53
Guidance: initiated
Result: reported results

Exact text from the filing

the largest provider of deathcare products and services in North America, today reported results for the fourth quarter of 2023. Highlights : – Revenue increased $28 million to $1.1 billion. – Comparable preneed cemetery sales production grew 9.4%. – Comparable preneed funeral sales production grew 4.2%. – GAAP earnings per share were $0.93 and $3.53, for the fourth

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Source: SEC EDGAR

accession 0000089089-24-000006

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