Business
SERVICE CORPORATION INTERNATIONAL ANNOUNCES FIRST QUARTER 2025 FINANCIAL RESULTS AND CONFIRMS 2025 GUIDANCE
Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the first quarter of 2025.
About this update from Service Corporation International
[{"type":"text","content":"Conference call on Thursday, May 1, 2025, at 8:00 a.m. Central Time.","length":73,"tagName":"p"},{"type":"text","content":"HOUSTON, April 30, 2025 /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the first quarter of 2025.","length":219,"tagName":"p"},{"type":"text","content":"First Quarter Highlights:","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue grew $28.8 million over the first quarter of 2024","length":57,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit increased $17.2 million, or 6%, over the same quarter of last year","length":79,"tagName":"p"}]},{"val":[{"type":"text","content":"Comparable total funeral services performed grew 1.8% in the current quarter","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"Comparable total funeral sales average grew 2.3% in the current quarter","length":71,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP earnings per share was $0.98 compared to $0.89 in the first quarter of 2024 resulting in 10% growth over the prior year quarter","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted earnings per share was $0.96 compared to $0.89 in the first quarter of 2024 resulting in 8% growth over the prior year quarter","length":135,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP operating cash flow grew to $311.1 million in the current year quarter compared to $220.1 million in the prior year quarter","length":128,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted operating cash flow grew to $316.0 million in the current year quarter compared to $220.1 million in the prior year quarter","length":132,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":810,"olType":false},{"type":"text","content":"Tom Ryan, the Company's Chairman and CEO, commented on the first quarter performance:","length":89,"tagName":"p"},{"type":"text","content":""We are proud to report adjusted earnings per share growth of 8% and strong adjusted operating cash flows in the first quarter of 2025. This was driven by strong performance in our funeral segment with year over year increases in the number of services performed and average revenue per funeral along with grow...