Service Corporation Reports 2Q 2018 Results

Service Corporation International, the largest of the funeral service conglomerate public companies, reported 2nd Quarter 2018 financial results yesterday.  You can read their press release and see the numbers here.

SCI announced earnings per share of $0.44 versus analysts estimates of $0.43 per share.  They also announced 2nd quarter revenue of $796 million as compared to 2017’s 2nd quarter revenue of $773 million – an increase of roughly 3.0%.

The company also announced a “comparable” revenue or “same store” revenue increase of about $6.9 million or about 1.5% which they attributed primarily to “general agency revenue”.

The company issued a statement that said, “As we move into the back half of the year we believe we are on track to grow our revenues by remaining relevant with the consumer, drive future market share by growing our preneed sales, continue to leverage our scale, and deploy capital to deploy shareholder value”.

Funeral Director Daily will go “Inside the Numbers” with a more in-depth look at what we see from this report in the coming days.

  • Carriage Services is expected to report 2nd Quarter 2018 results today.
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