Business
SERVICE CORPORATION INTERNATIONAL ANNOUNCES SECOND QUARTER 2025 FINANCIAL RESULTS, CONFIRMS 2025 EARNINGS PER SHARE GUIDANCE AND RAISES 2025 CASH FLOW GUIDANCE
Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the second quarter of 2025.
About this update from Service Corporation International
[{"type":"text","content":"Conference call on Thursday, July 31, 2025, at 8:00 a.m. Central Time.","length":75,"tagName":"p"},{"type":"text","content":"HOUSTON, July 30, 2025 /PRNewswire/ -- Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the second quarter of 2025.","length":219,"tagName":"p"},{"type":"text","content":"Second Quarter Highlights:","length":31,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue grew $31.4 million over the second quarter of 2024","length":58,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross profit increased $13.5 million, or 5%, in the current quarter","length":67,"tagName":"p"}]},{"val":[{"type":"text","content":"Comparable total funeral sales average grew 3.1% over the second quarter of 2024","length":80,"tagName":"p"}]},{"val":[{"type":"text","content":"Cemetery preneed sales production increased 5.3% in the current quarter","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP earnings per share was $0.86 compared to $0.81 in the second quarter of 2024 resulting in 6% growth over the prior year quarter","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted earnings per share was $0.88 compared to $0.79 in the second quarter of 2024 resulting in 11% growth over the prior year quarter","length":137,"tagName":"p"}]},{"val":[{"type":"text","content":"Net cash provided by operating activities was $166.5 million in the second quarter of 2025 compared to $196.9 million in the prior year quarter, affected by an expected increase in cash taxes paid of $84.3 million","length":213,"tagName":"p"}]},{"val":[{"type":"text","content":"Excluding special items and cash taxes paid, net cash provided by operating activities increased $32.7 million, or over 14%","length":123,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":886,"olType":false},{"type":"text","content":"Tom Ryan, the Company's Chairman and CEO, commented on the second quarter performance:","length":90,"tagName":"p"},{"type":"text","content":""We are pleased to report adjusted earnings per share of $0.88, an impressive increase of 11% over the prior year quarter. Higher funeral revenue and effective fixed cost management drove significant growth in comparable funeral g...