On April 30, Service Corporation International, the largest provider of deathcare products and services in North America, reported results for the first quarter of 2025.
First-quarter highlights include:
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Revenue grew $28.8 million over the first quarter of 2024.
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Gross profit increased $17.2 million, or 6%, over the same quarter of last year.
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Comparable total funeral services performed grew 1.8% in the current quarter.
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Comparable total funeral sales average grew 2.3% in the current quarter.
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GAAP earnings per share was 98 cents compared to 89 cents in the first quarter of 2024 resulting in 10% growth over the prior year quarter.
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Adjusted earnings per share was 96 cents, compared to 89 cents in the first quarter of 2024 resulting in 8% growth over the prior year quarter.
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GAAP operating cash flow grew to $311.1 million in the current year quarter compared to $220.1 million in the prior year quarter
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Adjusted operating cash flow grew to $316.0 million in the current year quarter compared to $220.1 million in the prior year quarter
Tom Ryan, the company’s chairman and CEO, commented on the first quarter performance:
“We are proud to report adjusted earnings per share growth of 8% and strong adjusted operating cash flows in the first quarter of 2025. This was driven by strong performance in our funeral segment with year over year increases in the number of services performed and average revenue per funeral along with growth in general agency revenue. Additionally, effective cost management drove solid gross profit performance and margin expansion. In the cemetery segment, we are continuing to focus on production, which will benefit us in future periods, as undeveloped property sold is constructed. Lastly, our robust cash flow has allowed us to continue investment toward our extensive pipeline of acquisitions while also providing us the flexibility to be opportunistic with stock repurchases.
We remain committed to our long-term growth strategy to grow revenue, leverage our unparalleled scale, and invest our capital wisely to enhance shareholder value. We would not be able to achieve this without our 25,000 associates and their ongoing commitment to providing excellent service to our client families.”
The company reaffirmed its guidance ranges for 2025, which includes a forecast of $3.70 to $4 diluted earnings per share excluding special items of $3.70 to $4.
Read the full news release on SCI’s earnings.
