Service Corporation International reported third quarter 2026 revenue of $1.11 billion, slightly ahead of expectations, though adjusted earnings fell short of analyst estimates. Performance was driven by higher average funeral revenue and robust preneed sales production, though profitability was constrained by rising healthcare and sales compensation expenses.
Key Highlights
- Comparable funeral preneed sales production rose 6%, while cemetery preneed sales production increased 5%.
- Average revenue per funeral service grew 2.8% to $6,022, helping offset a slight 0.5% decrease in total core service volumes.
- Adjusted operating cash flow increased 11% to $296.9 million, supported by higher operating income and working capital timing.
- Management updated full-year 2026 adjusted EPS guidance to a range of $3.94 to $4.04 while confirming cash flow targets.