Service Corporation International reports Q3 growth and lowers earnings outlook
Service Corporation International reported third-quarter 2026 GAAP EPS of $1.03, adjusted EPS of $0.97, and revenue of $1,107.3 million. The company updated its outlook to adjusted EPS of $1.10 to $1.20 for the fourth quarter and $3.94 to $4.04 for full-year 2026, while maintaining adjusted operating cash flow guidance at a $1,085 million midpoint. Preneed sales production rose 6% for funerals and 5% for cemeteries, but management cited lower funeral volumes and higher healthcare, compensation, and marketing costs.
Why it matters
The revised earnings ranges indicate weaker near-term profitability expectations, while the company says higher spending on preneed sales is intended to support future revenue and earnings. The maintained cash flow guidance leaves the company's stated operating cash outlook unchanged.
Key facts
- 1Third-quarter GAAP EPS increased 24% to $1.03 from $0.83 a year earlier. sec.gov
- 2Third-quarter revenue was $1,107.3 million, compared with $1,058.1 million in the prior-year quarter. sec.gov
- 3Comparable funeral preneed sales production increased 6%, while comparable cemetery preneed sales production increased 5%. prnewswire.com
- 4The company expects fourth-quarter adjusted EPS of $1.10 to $1.20 and full-year adjusted EPS of $3.94 to $4.04. prnewswire.com
- 5Full-year adjusted operating cash flow guidance remains at a $1,085 million midpoint. prnewswire.com
- 6Year to date, the company returned $464 million through dividends and share repurchases. prnewswire.com
Open questions
- describes the full-year EPS midpoint as $1.15, while the primary filing gives a full-year adjusted EPS range of $3.94 to $4.04; the basis or intended period for the $1.15 figure is unclear.
Summary written by AlphAI AI Desk from 13 of 13 sources. Not investment advice. Figures are as stated by the linked sources.