| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.1K | 2.1% |
| Total Income | 1.1K | 2.1% |
| Expenditure | 852.64 | 3.7% |
| PBT | 181.21 | 6.3% |
| Net Profit | 135.81 | 5.0% |
| OPM | 22.24% | 1.19pp |
| NPM | 12.39% | 0.92pp |
| EPS | 0.98 | 1.0% |
Service Corporation International Reports Q1 2026 Financial Results and Confirms Guidance
30 Apr 2026 · 30 Apr, 2:30 am
Summary
Service Corporation International reported first-quarter 2026 revenue of $1,096.5 million, marking a 2% increase over the prior year. Adjusted diluted earnings per share rose slightly to $0.97 from $0.96 in Q1 2025, driven by higher cemetery gross profit and a lower share count, despite a decline in funeral service volumes. Net cash provided by operating activities also saw a healthy increase of 7% to $333.8 million. Management highlighted strong comparable cemetery preneed sales production, up 10%, and resilient preneed funeral sales production, up 6%, while confirming the company's 2026 guidance.
Key Highlights
- 1
Service Corporation International's revenue increased by 2% to $1,096.5 million in the first quarter of 2026, up from $1,074.2 million in the prior year.
- 2
Net cash provided by operating activities saw a significant increase of 7%, reaching $333.8 million in Q1 2026, compared to $311.1 million in Q1 2025.
- 3
Adjusted diluted earnings per share for the first quarter of 2026 was $0.97, a slight increase from $0.96 in the first quarter of 2025.
- 4
Comparable cemetery preneed sales production demonstrated strong growth, increasing by 10% in the current quarter.
- 5
Despite a 6% decline in comparable funeral service volumes, preneed funeral sales production remained robust, increasing by 6% for the period.
- 6
The company confirmed its 2026 guidance, with diluted earnings per share excluding special items anticipated to be within the 8%-12% long-term growth framework.
Management Comments
Tom Ryan
Today, we reported adjusted earnings per share of $0.97 and net cash provided by operating activities of $333.8 million. Comparable funeral service volumes declined 6% year-over-year, reflecting the impact of a particularly strong prior year flu season and aligning with broader demographic trends. Despite this, the Company delivered solid underlying performance driven by a resilient average revenue per service and disciplined cost management, with expenses increasing approximately 1% year-over-year. In addition, preneed funeral sales production remained strong, increasing 6% for the period. In our cemetery segment, we delivered a strong performance, highlighted by 10% growth in comparable preneed cemetery sales production. This higher production drove 7% growth in comparable cemetery revenue and a 120 basis point improvement in cemetery gross profit. We remain focused on executing our long-term growth strategy—growing revenue, leveraging our scale, and allocating capital in a disciplined way to enhance shareholder value. While funeral volumes may continue to fluctuate in the near term, they have historically been stable over the longer-term. Overall, we are proud of how our teams executed in what was a challenging operating environment. I would like to thank our 25,000 associates for their unwavering commitment to serving client families with care and excellence that have made these results possible.
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