SERVICE CORP INTERNATIONAL

Service Corporation International reported a positive second quarter for 2026, with total revenue increasing to $1.10 billion and diluted EPS rising to $0.90. For the first half of 2026, net cash provided by operating activities saw a substantial increase to $572.4 million, demonstrating strong cash generation. While H1 net income slightly decreased, overall assets and preneed investments showed growth, reflecting a solid financial position.

Service Corporation International announced that its Board of Directors unanimously rejected the conditional resignation of Lead Independent Director Mr. Watts. Mr. Watts had tendered his resignation after receiving less than a majority of votes for re-election at the 2026 annual meeting. Following extensive engagement with shareholders, the Board concluded that Mr. Watts' continued service is in the best interests of the Company and its shareholders, as shareholder concerns were related to governance changes rather than his qualifications.

Service Corporation International reported strong second quarter 2026 financial results, with adjusted earnings per share of $0.90 and consolidated revenue growth of 4% to $1,103.3 million. The company also saw a significant 42% increase in adjusted cash provided by operating activities, reaching $238.8 million. Following these results, SCI confirmed its 2026 earnings per share midpoint guidance of $4.20 and raised its 2026 cash flow guidance midpoint by $50 million to $1,085 million, driven by stronger cemetery preneed cash receipts.

Service Corporation International announced an increase in its share repurchase program, authorizing an additional $472 million for buybacks. This expansion brings the total available for future share repurchases to $600 million, combining with the $128 million remaining from the prior authorization. The Board of Directors approved this increase, effective June 11, 2026.

Service Corporation International shareholders approved amendments to the company's Restated Articles of Incorporation and Amended and Restated Bylaws at their annual meeting on May 6, 2026. These changes, effective May 6-7, 2026, grant the Board of Directors the authority to increase the number of directors and fill newly created vacancies, removing previous restrictions that required shareholders to fill such roles. Additionally, the amendments reduce the minimum number of directors required on the Board from nine to three, while the maximum remains at fifteen.

Service Corporation International's Board of Directors declared a quarterly cash dividend of $0.36 per share of common stock. This represents a 6% increase from the previous quarterly dividend of $0.34 per share. The dividend is payable on June 30, 2026, to shareholders of record as of June 15, 2026.

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.

Service Corporation International (SCI) reported its first quarter 2026 financial results, with revenue increasing 2% to $1,096.5 million and adjusted diluted EPS rising to $0.97 from $0.96 in the prior year quarter. Net cash provided by operating activities grew 7% to $333.8 million. While comparable funeral service volumes declined 6%, the company saw strong performance in its cemetery segment, with preneed sales production up 10%. SCI also confirmed its full-year 2026 guidance for diluted EPS and adjusted operating cash flow.