Service Corporation International
Robert L. Waltrip, age 92, founder of death care company Service Corporation International, died on Monday, February 27, 2023. A Celebration of Life service is scheduled for today (March 2). Interment is scheduled in the Reflection Garden of Memorial Oaks Cemetery in Houston, Texas. You can access an obituary powered…
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The largest funeral home and cemetery operator in North America, Service Corporation International, reported 4th Quarter 2022 and Year End 2022 financials earlier this week and one of the things we noticed is that quarterly and yearly revenue was less than 4Q2021 and less than Year End 2021. However, that is not unexpected…
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People from not only the United States, but from almost every country around the world have seen a whip-saw of economic conditions since the pandemic year of 2020. It was a pandemic economy that saw the “stay at home” commerce of technology and furniture or home improvement sales grow by leaps and bounds and,…
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We’ve already passed the mid-point of November and that means that Funeral Director Daily will go back over the past 30 days and let our readers catch-up with the Top Read articles in that time period. And, we are happy to tell you that we seem to have passed a point where we now consistently…
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Earlier this week I was informed by a Funeral Director Daily reader that online price lists have started to appear on the websites of Service Corporation International (SCI) funeral homes. Just to be clear, I’m not sure that this is news or not — because I’ve never taken the time to check out individual SCI…
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North America’s largest business in the death care industry, Service Corporation International (SCI) reported their 3rd Quarter 2022 financial results earlier this week. The results show a decline of about 5.5% in total revenues for the quarter as compared to the same quarter of 2021. The 3Q 2022 revenue number was $977.7 million as compared…
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Last week the Valkyrie Trading Society wrote an article for Seeking Alpha entitled “Service Corporation International: Feeling minimal pressures”. You can access the article here. Here are three take-aways from that article: The themes are that COVID-19 pulled forward mortality, making 2020 and 2021 strong years for Service Corporation International. There is also commentary around…
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Service Corporation International (SCI) has agreed to provide up to $209 million in refunds to settle a federal class-action lawsuit alleging it deceived 87,000 Florida customers who purchased its prepaid plans according to this article from last week from Yahoo News. According to the article SCI Direct (formerly called Neptune Society Management Corporation) was named…
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I had planned this article subject for this date simply because we have now finished the 2nd Quarter reports for all seven death care related companies that comprise the Funeral Director Daily Death Care Index (DCI). I hesitated, but then continued to move forward with this report on the public death care companies in spite…
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Last week the largest public company in the death care space, Service Corporation International, reported their 2022 2nd Quarter and Half-Year financial results. For the quarter which encompasses the April thru June 2022 calendar dates, company wide revenue rose to $990.9 million as compared to the same period of last year which totaled $987.5 million.…
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