SCI Q1 2024 EPS $0.89 (down 4% YoY); revenue up 1.6%; reaffirms 2024 guidance

SERVICE CORP INTERNATIONAL

2024-Q1 EPS reported $0.89 revenue$1,045,382,000

Revenue $1,045.4M (+1.6% YoY); net income $131.3M vs $144.8M; diluted EPS $0.89 vs $0.93.
Net cash from operating activities $220.1M vs $219.6M; comparable preneed cemetery sales +7.8%.
Comparable core funeral sales average +3.9%; diluted shares 147.9M (down 5% YoY on buyback).
Management confirms full-year 2024 guidance; Chairman highlights cemetery segment and funeral average strength.

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 three months ended March 31, 2024 results: revenue $1,045.4, net income $131.3, EPS $0.89. Guidance reaffirmed.

Period: three months ended March 31, 2024
Revenue: $1,045.4
Net income: $131.3
EPS: $0.89
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of this press release. The table below summarizes our key financial results. (Dollars in millions, except for per share amounts) Three months ended March 31, 2024 2023 Revenue $ 1,045.4 $ 1,028.7 Operating income $ 232.2 $ 245.6 Net income attributable to common stockholders $ 131.3 $ 144.8 Diluted earnings per share $ 0.89 $ 0.93 Earnings excluding special items

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Source: SEC EDGAR

accession 0000089089-24-000087

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