Service Corp International reported second-quarter 2026 results with revenue of $1.103 billion and operating income of $231.6 million. GAAP and adjusted diluted earnings per share were $0.90, while net income attributable to common stockholders was $124.8 million for the quarter. The company confirmed its 2026 EPS midpoint and raised full-year cash flow guidance, increasing midpoint operating cash flow excluding special items to $1,085 million.

Financial Highlights

  • Revenue: $1,103.3 million for the three months ended June 30, 2026 (vs. $1,065.4 million in Q2 2025).
  • Operating income: $231.6 million for the quarter.
  • Net income attributable to common stockholders: $124.8 million for the quarter.
  • Diluted earnings per share (GAAP): $0.90; Diluted EPS excluding special items (adjusted): $0.90 for Q2 2026.
  • Net cash provided by operating activities: $238.7 million for the quarter; adjusted operating cash flow excluding special items: $238.8 million. Revised 2026 midpoint guidance for net cash provided by operating activities excluding special items: $1,085 million.

Business Highlights

  • Consolidated revenue grew $37.8 million (4%) versus Q2 2025, driven by cemetery and funeral segment performance.
  • Funeral segment: average revenue per service remained strong, supporting revenue despite a 1% decline in services performed; core cremation rate increased modestly.
  • Cemetery segment: comparable cemetery revenue grew 5%, with recognized preneed merchandise and service revenue up and preneed property production increasing, expanding higher-margin deferred property backlog.
  • Preneed sales momentum: comparable cemetery preneed sales production increased 8% and comparable funeral preneed sales production increased 7% year-over-year, bolstering future revenue backlog.
  • Operational cash generation strengthened (improved preneed collections and reduced cash taxes), enabling continued capital allocation for acquisitions, cemetery development and construction of new funeral homes.

Original SEC Filing:

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