Service Corporation International Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:20 pm EDT
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Service Corporation International reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 1,001.86 million compared to USD 977.72 million a year ago. Net income was USD 121.97 million compared to USD 120.85 million a year ago. Basic earnings per share from continuing operations was USD 0.81 compared to USD 0.77 a year ago. Diluted earnings per share from continuing operations was USD 0.8 compared to USD 0.76 a year ago.
For the nine months, sales was USD 3,043.98 million compared to USD 3,080.98 million a year ago. Net income was USD 398.92 million compared to USD 473.03 million a year ago. Basic earnings per share from continuing operations was USD 2.63 compared to USD 2.98 a year ago. Diluted earnings per share from continuing operations was USD 2.6 compared to USD 2.93 a year ago.
Service Corporation International is a provider of funeral, cemetery and cremation services, as well as final arrangement planning in advance. The Company's diversified portfolio of brands provides families and individuals a range of choices to meet their needs, from simple cremations to full life celebrations and personalized remembrances. Its Dignity Memorial brand is a transcontinental brand of deathcare products and services. It owns and operates 1,483 funeral service locations and 489 cemeteries (of which 305 are combination locations) in 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. Its funeral service and cemetery operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other related businesses. Its cemeteries provide cemetery property interment rights, including developed lots, lawn crypts, mausoleum spaces, niches, and other cremation memorialization and interment options.
SERVICE CORPORATION INTERNATIONAL 
