Service Corporation International ( (SCI) ) has released its Q1 earnings. Here is a breakdown of the information Service Corporation International presented to its investors.
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Service Corporation International (SCI), headquartered in Houston, Texas, is the leading provider of funeral, cemetery, and cremation services in North America, offering a comprehensive range of services under its Dignity Memorial® brand across 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico.
In the first quarter of 2025, Service Corporation International reported a robust financial performance, with significant growth in revenue and earnings. The company achieved a revenue increase of $28.8 million compared to the same period in 2024, alongside a gross profit rise of $17.2 million, marking a 6% improvement. Notably, the company confirmed its guidance for 2025, reflecting confidence in its strategic direction.
Key financial metrics from the quarter include a 10% increase in GAAP earnings per share to $0.98 and an 8% rise in adjusted earnings per share to $0.96. Operating cash flow also saw substantial growth, reaching $311.1 million, up from $220.1 million in the previous year. The funeral segment drove much of this success, with increases in both the number of services performed and average revenue per service, while effective cost management contributed to margin expansion.
Looking ahead, SCI remains committed to its long-term growth strategy, focusing on revenue growth, leveraging its scale, and wise capital investment to enhance shareholder value. The company plans to continue its acquisition pipeline investments and maintain flexibility for stock repurchases, supported by its strong cash flow position.