Service Corporation International ( (SCI) ) has released its Q4 earnings. Here is a breakdown of the information Service Corporation International presented to its investors.
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Service Corporation International (SCI), based in Houston, Texas, is the leading provider of funeral, cemetery, and cremation services in North America, offering a wide range of products and services under various brands to support end-of-life planning and arrangements.
In its latest financial results for the fourth quarter of 2024, Service Corporation International reported an increase in revenue and earnings, with revenues rising by 4% and adjusted earnings per share growing by 14% over the same quarter last year. The company saw significant growth in both its funeral and cemetery segments, alongside strategic investments in acquisitions and real estate.
Key financial metrics highlighted include a $37 million increase in revenue, a 6% rise in gross profit, and a notable 12% growth in GAAP earnings per share compared to the fourth quarter of 2023. Despite a decrease in net cash from operating activities due to legal and restructuring payments, the company achieved its adjusted operating cash flow targets for the full year. Additionally, SCI made considerable investments, acquiring 26 funeral homes and six cemeteries, and expanded its market presence through real estate transactions.
Looking ahead to 2025, Service Corporation International expects to maintain its positive trajectory, projecting adjusted earnings per share within its long-term growth framework of 8%-12%. The company intends to continue leveraging its scale and strategic investments to enhance shareholder value, supported by the robust performance of its funeral and cemetery operations.
As Service Corporation International moves forward, the company remains committed to its growth strategy, focusing on revenue enhancement and capital investment to sustain its market leadership and financial strength.
