Service Corporation International
Service Corporation International (SCI) is the largest operator in North America among funeral home and cemetery operators. They will do somewhere near $4.2 billion in revenue this year while we believe their largest competitors, Carriage Services and Park Lawn Corporation will do somewhere about $400 million and $300 million respectfully. In essence, by…
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Earlier in May the Attorney General of the State of California issued a press release which you can read here announcing an agreement with Service Corporation International (SCI) over an eight-year dispute on how SCI delivered on their preneed funding. In essence, concerning preneed sold through SCI’s Neptune and Trident locations in…
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Service Corporation International (SCI) reported their 1st Quarter 2024 financial results last week. North America’s largest death care provider did show an increase in revenue of 1.6% to about $1.045 billion for the quarter, but showed Operating Income dropping 5.6% from the comparable 1st Quarter of 2023 and also showed a decrease of…
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While I was researching this morning’s article on the most recent financial performance of Propel Funeral Partners I was made aware that the people of Seeking Alpha had written some opinion pieces on North American Death Care companies within the past month. Without any opinion or other action I present them to the…
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As you get older and older time seems to move faster and faster. For those of us who were in the business back in 2013 we saw the acquisition of Stewart Enterprises, then the 2nd largest funeral home and cemetery operator in the country, being acquired by the largest operator, Service Coporation International.…
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I’m a James Bond movie fan and in 1977 the 10th movie of the series came out. . . “The Spy Who Loved Me” was the 3rd movie of the series to feature Roger Moore as James Bond and it also featured what became a #2 hit on the Billboard charts feature song…
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In a press release that we received this week, from the Newbridge Group, we learned that three funeral homes in the state of Maine had been acquired by Family First Funeral Homes & Cremation Care. The press release also stated, “three funeral homes previously under the ownership of Service Corporation International (SCI) have…
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Click here to access the company press release from Service Corporation International (SCI) pertaining to their 2023 4th Quarter financial results and 2023 Full Year Summary. Funeral Director Daily will publish a complete article on the press release and upcoming Earnings Call in the near future. Enter your e-mail below to join…
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This recent article in Florida’s Business Observer is titled “Funeral home finds success with new life celebration model”. The article goes on to discuss, among other business changes in the death care industry, the Robert Toale & Sons Celebration of Life Center in the Sarasota, Florida, area. The Robert Toale & Sons…
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We learned from this article in the Houston Chronicle that Service Corporation International (SCI) is planning to build a new headquarters building adjacent to their current headquarters later this year. The article points out that the new headquarters to be built on Allen Parkway next to the current headquarters could total a construction cost…
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