Conference call on Thursday, November 2, 2023, at 8:00 a.m. Central Time.
HOUSTON, Nov. 1, 2023 /PRNewswire/ — Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the third quarter of 2023.
Third Quarter Highlights:
- Revenue increased $24.1 million over the third quarter of 2022 to just over $1.0 billion.
- GAAP earnings per share were $0.80 compared to $0.76 in the third quarter of 2022.
- Adjusted earnings per share grew 15% to $0.78 compared to $0.68 in the third quarter of 2022.
- Net cash provided by operating activities was $227.8 million compared to $182.6 million in the third quarter of 2022.
- Comparable core funeral sales average grew 4.3%.
- Comparable preneed funeral sales production grew $15 million, or 4.9%.
Tom Ryan, the Company’s Chairman and CEO, commented on the third quarter…
