Service Corporation Reports Mixed Q3 Results with Revenue Beat and Updated Outlook
Service Corporation (SCI) reported third-quarter results characterized by a revenue beat alongside an earnings miss. The company posted non-GAAP earnings per share of $0.97, falling $0.02 short of expectations, while total revenue reached $1.11 billion, representing a 4.7% year-over-year increase and exceeding estimates by $10 million. Operational metrics showed strength in preneed sales, with comparable funeral preneed production rising 6% and cemetery preneed production increasing 5%. Despite the mixed quarterly performance, management has updated its Q4 guidance and reaffirmed its long-term financial outlook for fiscal year 2026.
Tickers: $SCI
Topics: cemetery sales earnings miss funeral services revenue beat