Service Corporation International Announces First Quarter 2021 Financial Results And Increases 2021 Guidance

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Go back to Service Corporation International Announces First Quarter 2021 Financial Results And Increases 2021 Guidance

Service Corp (SCI) Tops Q1 EPS by 33c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus

May 3, 2021 4:28 PM EDT

Service Corp (NYSE: SCI) reported Q1 EPS of $1.32, $0.33 better than the analyst estimate of $0.99. Revenue for the quarter came in at $1.08 billion versus the consensus estimate of $955.1 million.

First Quarter Highlights:

Revenue grew $275 million over the prior year quarter to $1.1 billion.GAAP earnings per share were $1.33.Adjusted earnings per share grew $0.89 over the prior year quarter to $1.32.Funeral preneed sales grew $35 million, or 16%.Cemetery preneed sales grew $130 million, or 67%.Comparable funeral gross profit grew 82% and margin expanded 1,030 basis points to 31.0%.Comparable cemetery gross profit... More