Service Corporation International Q1 Revenue Up 2% to $1.0965B, EPS $0.97
Service Corporation International's Q1 revenue rose 2% year-over-year to $1.0965 billion, with adjusted EPS of $0.97 up from $0.96 and net operating cash flow jumping 7% to $333.8 million. Cemetery preneed sales production surged 10% while funeral service volumes declined 6% despite a 3% rise in average revenue per service.
1. Q1 Financial Performance
Service Corporation International reported Q1 revenue of $1.0965 billion, a 2% increase from prior year, with diluted and adjusted earnings per share of $0.97. Net cash provided by operating activities rose 7% to $333.8 million, reflecting improved working capital and strength in core operations.
2. Segment Trends
Cemetery preneed sales production increased 10%, driving a 7% rise in comparable cemetery revenue and a 120 basis point gross profit margin improvement. Funeral service volumes fell 6% year-over-year due to a strong prior flu season, though average revenue per service grew 3% and funeral preneed production was up 6%.
3. Outlook for 2026
The company reaffirmed 2026 guidance for adjusted EPS of $4.05–$4.35 and operating cash flow excluding special items of $1.125–$1.185 billion. Maintenance capital expenditures are expected at $325 million, including $165 million for cemetery development and $25 million for digital investments.