Earnings summaries and quarterly performance for SERVICE CORP INTERNATIONAL.
Executive leadership at SERVICE CORP INTERNATIONAL.
Board of directors at SERVICE CORP INTERNATIONAL.
Research analysts who have asked questions during SERVICE CORP INTERNATIONAL earnings calls.
JG
Joanna Gajuk
Bank of America
6 questions for SCI
Also covers: ACHC, ADUS, AGL +21 more
Tobey Sommer
Truist Securities, Inc.
6 questions for SCI
Also covers: AMN, AMTM, ASGN +26 more
Parker Snure
Raymond James
5 questions for SCI
Also covers: GRDN
AR
Albert Rice
UBS
3 questions for SCI
Also covers: ACHC, AMED, AMN +20 more
Scott Schneeberger
Oppenheimer & Co. Inc.
3 questions for SCI
Also covers: CSV, CTAS, CTOS +12 more
AR
A.J. Rice
UBS Group AG
1 question for SCI
Also covers: ACHC, AMED, AMN +20 more
D
Donnie
Oppenheimer
1 question for SCI
DL
Donnie Longfellow
Oppenheimer & Co.
1 question for SCI
JR
John Ransom
Raymond James
1 question for SCI
Also covers: ACHC, ADUS, ALHC +11 more
Recent press releases and 8-K filings for SCI.
SCI Discusses Business Outlook and Strategic Initiatives
SCI
Guidance Update
Revenue Acceleration/Inflection
- Service Corporation International (SCI) expects normalized volumes in its funeral segment, with flat to slightly down volumes in 2025 and likely flattish in 2026, following COVID-related pull-forward deaths.
- The cemetery segment is projected to achieve mid-single-digit pre-need production growth, contributing to a 50-70 basis point increase in margin percentage. Cemetery margins have significantly expanded from 17-18% to approximately 33% over the past 15-20 years.
- The shift towards cremation has moderated, with the annual rate now at 50-100 basis points compared to the previous 100-150 basis points, and the current cremation mix in the core business is 57%-58%. Each 1% shift in cremation mix has a $13 million impact on EBITDA.
- A new marketing agreement with Global Atlantic, effective July 2024, has increased the general agency commission percentage for funeral pre-need insurance contracts from 26-27% to 35-36%, directly benefiting funeral margins.
Dec 2, 2025, 1:50 PM
Service Corporation International Provides Business Outlook and Strategic Updates at Conference
SCI
Guidance Update
New Projects/Investments
- Service Corporation International (SCI) anticipates flattish volume for its funeral segment in 2025 and 2026, aligning with pre-COVID trends, while projecting mid-single-digit growth in pre-need production for the cemetery segment.
- The company's cremation mix shift has moderated to 50-100 basis points annually, down from 100-150 basis points, with the current mix at 57%-58% in its core business; each 1% shift impacts EBITDA by approximately $13 million.
- SCI's funeral segment margins have increased to around 21% from 19%-20%, driven by a new marketing agreement with Global Atlantic that boosted general agency commission to 35-36% from 26-27%. Cemetery segment margins have expanded from 17-18% to 33%, with an expected 50-70 basis point increase in the future.
- The company currently has 70%-80% of its locations with some form of pricing online, reporting a negligible impact on volume or average and some positive lead generation, despite ongoing discussions regarding FTC regulations.
Dec 2, 2025, 1:50 PM
Service Corporation International enters into new senior unsecured credit agreement
SCI
Debt Issuance
- Service Corporation International (SCI) entered into a new senior unsecured credit agreement on November 20, 2025.
- This agreement provides for a $750 million senior term loan facility and a $1.75 billion revolving credit facility, both maturing in November 2030.
- Loans under the agreement will bear interest per annum at a variable rate, with the applicable rate ranging from 0.25% to 2.00% depending on the Company's leverage ratio and the selected base rate (alternate base rate, Term SOFR, or RFR).
- The credit agreement includes a financial covenant requiring the Company to comply with a leverage ratio of 5.00 to 1.00, with a potential step-up to 5.50 to 1.00 for three consecutive fiscal quarters following a qualified material acquisition.
Nov 21, 2025, 5:56 PM
SCI Discusses Post-COVID Normalization, Cremation Trends, and Growth Strategies for 2026
SCI
Guidance Update
Revenue Acceleration/Inflection
Accounting Changes
- SCI targets an 8-12% earnings growth framework for 2026 and beyond, following a period of normalization after COVID-related volume surges.
- The company is actively managing the cremation trend, with the core funeral business at 57-58% cremation mix, expecting stabilization around 75-80%. A 1% shift in cremation mix results in a $15 million-$16 million revenue headwind and $13 million EBITDA headwind, which SCI addresses by adapting service offerings.
- SCI Direct, representing approximately 5% of revenue, completed a business shift by the end of 2025 to defer certain product deliveries due to regulatory changes, which caused near-term headwinds but is projected to deliver "nice growth and strength" in 2026.
- This shift for SCI Direct also included transitioning to insurance-backed pre-need products, facilitated by a new marketing agreement from July 2024 that increased general agency commission from 26-27% to 35-36%, improving economic terms.
- Cemetery pre-need sales, including "large sales" of $80,000 or more, demonstrated 10% growth in Q3, primarily from core business sales, indicating continued strength among its target middle to upper-income customer base.
Nov 18, 2025, 2:00 PM
SCI Outlines Strategic Growth Drivers and Operational Shifts at 2025 Investment Conference
SCI
Guidance Update
M&A
Revenue Acceleration/Inflection
- SCI is targeting an 8%-12% earnings growth framework for 2026 and beyond, with 5%-7% expected from base business growth and the remainder from share buybacks and acquisitions.
- Following declines of 6%, 4%, and 2.5% in 2022-2024 due to the waning COVID-19 "pull forward" effect, volumes are anticipated to be flat to slightly down in 2025. A gradual increase of 0.5% to 1.5%-2% growth is expected to begin around 2029 as the baby boomer demographic starts impacting the business.
- The shift towards cremation is slowing, with an expected annual increase of 50-100 basis points, and SCI is expanding cremation opportunities within its cemeteries to adapt.
- SCI has completed a significant operational shift, fully rolled out as of November 2025, to defer urn kit delivery and transition to insurance-backed pre-need contracts. This change, supported by a new marketing agreement increasing general agency commission from 26%-27% to 35%-36%, is expected to subside near-term headwinds and drive growth in 2026.
- The company aims to spend $75 million-$125 million annually on acquisitions, primarily tuck-in deals, with a target IRR in the mid-teens, to increase its market share from 17% to 25%-30%.
Nov 18, 2025, 2:00 PM
SCI Outlines 2025 Strategic Outlook and Growth Drivers
SCI
Guidance Update
M&A
New Projects/Investments
- SCI targets an 8-12% earnings growth framework for 2026 and beyond, comprising 5-7% base business growth (including low single-digit top-line growth in funeral services and mid-single-digit pre-need sales growth in cemeteries with 40-70 basis points of margin expansion) and 3-5% from share buybacks and acquisitions.
- The company anticipates flat to slightly down volumes in 2025, with a projected gradual increase of 0.5% to 1.5-2% starting around 2029 due to the baby boomer demographic.
- Cremation mix in the core funeral business is 57%-58%, with the annual increase rate slowing to 50-100 basis points. A 1% change in cremation mix results in a $15 million-$16 million revenue headwind and a $13 million EBITDA headwind.
- SCI Direct's shift to deferred urn kit delivery and insurance-backed contracts is expected to generate teen-type growth in matured pre-need line items over the next decade, with headwinds subsiding in Q4 2025 and growth anticipated in 2026. This includes a new marketing agreement boosting general agency commission to 35-36%.
- SCI plans $75 million-$125 million in annual acquisition spend, targeting 8-10 times EBITDA multiples for tuck-in deals, aiming to grow its market share from 17% to 25%-30% in urban areas.
Nov 18, 2025, 2:00 PM
Service Corporation International Increases Quarterly Cash Dividend
SCI
Dividends
Board Change
Executive Compensation
- Service Corporation International's Board of Directors approved an increase in its quarterly cash dividend to thirty-four cents per share of common stock, representing a 6.3% increase from the previously declared thirty-two cents per share.
- This increased quarterly cash dividend is payable on December 31, 2025, to shareholders of record at the close of business on December 15, 2025.
- Director Alan R. Buckwalter, III notified the Company of his decision to retire from the Board of Directors when his term expires at the 2026 annual shareholder meeting, after 23 years of service.
- Employment agreements for several named executive officers, including Thomas L. Ryan and Eric D. Tanzberger, were extended to December 31, 2026.
Nov 5, 2025, 9:07 PM
Service Corporation International Reports Q3 2025 Results and Updates 2025 Guidance
SCI
Earnings
Guidance Update
- Service Corporation International (SCI) reported Adjusted EPS of $0.87 for the third quarter ended September 30, 2025, with net income attributable to common stockholders at $117.5 million.
- For Q3 2025, SCI's net cash provided by operating activities excluding special items reached $267.9 million, contributing to a free cash flow of $181.9 million.
- The company provided its 2025 financial outlook, projecting a midpoint for Diluted earnings per share excluding special items (Adjusted EPS) of $3.85 and net cash provided by operating activities excluding special items of $930 million.
- SCI utilizes non-GAAP measures such as Adjusted EPS, Adjusted Cash Flow from Operations, Free Cash Flow, and Adjusted EBITDA to assess underlying operational performance and financial health.
Oct 30, 2025, 1:00 PM
SCI Reports Strong Q3 2025 Adjusted EPS and Raises Cash Flow Guidance
SCI
Earnings
Guidance Update
Share Buyback
- SCI reported Q3 2025 adjusted earnings per share of $0.87, representing over a 10% increase from $0.79 in the prior year, primarily driven by higher operating income.
- The company narrowed its 2025 normalized EPS guidance to $3.80 to $3.90 and raised its adjusted operating cash flow guidance midpoint by $20 million to $930 million, with adjusted free cash flow expected at $615 million (approximately $4.4 per share).
- Cemetery revenue increased by $31 million (almost 7%), contributing to an $18 million growth in gross profit and a 160 basis point increase in gross profit percentage to 34%. In contrast, comparable funeral revenue declined by less than 1%, and funeral gross profit decreased by $9.5 million.
- SCI returned $123 million to shareholders in Q3 2025 through dividends and share repurchases, buying back just under 1 million shares at an average price of about $79. The company maintains $1.5 billion in liquidity and a net debt to EBITDA ratio of 3.6 times.
- Looking ahead, SCI expects to achieve EPS growth within its long-term framework of 8% to 12% for 2026, anticipating favorable trends in funeral volume, average revenue, SCI Direct preneeds, and cemetery sales.
Oct 30, 2025, 1:00 PM
SCI Reports Q3 2025 Adjusted EPS and Updates Full-Year Guidance
SCI
Earnings
Guidance Update
Share Buyback
- Service Corporation International (SCI) reported adjusted earnings per share of $0.87 for Q3 2025, representing a more than 10% increase compared to the prior year period.
- The company confirmed the midpoint of its normalized EPS guidance for 2025, narrowing the range to $3.80 to $3.90, and slightly raised its cash flow outlook, with the updated 2025 adjusted operating cash flow guidance range now $910 million to $950 million.
- Cemetery revenue increased by $31 million or almost 7%, primarily driven by a 10% increase in comparable cemetery preneed sales production, while total comparable funeral revenue declined by less than 1%.
- SCI returned $123 million to shareholders in Q3 2025, including $78 million through share repurchases of just under 1 million shares at an average price of $79.
- Net debt to EBITDA was 3.6 times at the end of Q3 2025, down from 3.8 times at the end of Q3 2024, remaining toward the lower end of the company's long-term target range of 3.5 to 4 times.
Oct 30, 2025, 1:00 PM
Quarterly earnings call transcripts for SERVICE CORP INTERNATIONAL.
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