Service Corporation International Announces Third Quarter 2020 Financial Results and Updates 2020 Guidance

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Go back to Service Corporation International Announces Third Quarter 2020 Financial Results and Updates 2020 Guidance

Service Corp (SCI) Tops Q3 EPS by 1c, Revenues Beat; Offers Revised FY20 EPS Guidance Above Consensus

October 28, 2020 4:30 PM EDT

Service Corp (NYSE: SCI) reported Q3 EPS of $0.42, $0.01 better than the analyst estimate of $0.41. Revenue for the quarter came in at $918.2 million versus the consensus estimate of $797.23 million.

Third Quarter Highlights:

Revenue grew $149 million over the prior year quarter to $918 million.GAAP earnings per share were $0.72.Adjusted earnings per share grew $0.42 over the prior year quarter to $0.79.Cemetery preneed sales grew $95 million, or 47%.Comparable funeral gross profit grew 63% and margin expanded 750 basis points.Comparable cemetery gross profit grew 64% and margin expanded 740 basis points.

Tom... More