Quarterly ResultApr 30, 2026, 12:53 PM
SCI Q1 Revenue +2.1% to $1.1B; Net Income -5.0% to $135.8M; EPS $0.97
AI Summary
SERVICE CORP INTERNATIONAL (SCI) reported a 2.1% increase in total revenue to $1.10 billion for Q1 2026, up from $1.07 billion in Q1 2025. However, net income attributable to common stockholders decreased by 5.0% to $135.8 million, resulting in diluted EPS of $0.97, down from $0.98 in the prior year. The company's net cash provided by operating activities rose by 7.3% to $333.8 million. The effective tax rate decreased to 25.0% due to a discrete tax benefit from a renewable energy project.
Key Highlights
- Total revenue increased 2.1% to $1.10 billion for Q1 2026.
- Net income attributable to common stockholders decreased 5.0% to $135.8 million.
- Diluted EPS was $0.97, down from $0.98 in Q1 2025.
- Net cash provided by operating activities rose 7.3% to $333.8 million.
- Effective tax rate was 25.0%, down from 26.1% in Q1 2025, due to a discrete tax benefit.
- Recognized $52.1 million in investment tax credits in Q1 2026.
- Purchased $143.2 million of common stock in Q1 2026.
- Declared common stock dividends of $0.34 per share in Q1 2026.
Price Impact
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