SERVICE CORPORATION Reports Q2 FY2023 Earnings Results on August 1st
August 5, 2023
🌥️Earnings Overview
On August 1 2023, SERVICE CORPORATION ($NYSE:SCI) announced its financial results for the quarter ending June 30 2023. Revenue for the period was USD 1013.4 million, up 2.3% compared to the same quarter in the previous fiscal year. Net income was USD 132.2 million, a slight decline of 0.4% from the same period last year.
Market Price
On Tuesday, August 1st, SERVICE CORPORATION reported their Q2 FY2023 earnings results. The stock opened at $66.6 and closed at $67.3, representing a 0.9% increase from the previous day’s closing price of 66.6. This increase was seen as a positive sign by investors, who were optimistic about SERVICE CORPORATION’s financial performance in the coming quarter. SERVICE CORPORATION’s management team was proud of the results, citing strong cost-cutting measures and a focus on customer service as key factors in the company’s success.
Going forward, SERVICE CORPORATION plans to continue to focus on providing quality customer service and expanding its portfolio of products and services. The company is confident that its financial performance will continue to remain strong in the coming quarters, as they continue to make strategic investments in new technologies and markets. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Service Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 4.05k | 490.11 | 11.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Service Corporation. More…
| Operations | Investing | Financing |
| 716.48 | -507.07 | -241.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Service Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 15.68k | 14.03k | 10.9 |
Key Ratios Snapshot
Some of the financial key ratios for Service Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.7% | 8.5% | 21.1% |
| FCF Margin | ROE | ROA |
| 8.0% | 32.7% | 3.4% |
Analysis
At GoodWhale, we conducted an analysis of SERVICE CORPORATION‘s fundamentals. Based on our Star Chart, SERVICE CORPORATION has an intermediate health score of 6/10, indicating that the company should be able to safely ride out most types of economic crises without the risk of bankruptcy. Additionally, based on our analysis, SERVICE CORPORATION has been classified as a ‘cow’, meaning that it has a track record of paying out consistent and sustainable dividends. For investors interested in diversifying their portfolios with a low-risk option, SERVICE CORPORATION may be an attractive option. It is strong when it comes to dividends, and medium when it comes to growth, profitability and assets. With its consistent dividend payouts and risk-averse approach, SERVICE CORPORATION could be a great addition to any portfolio. More…
Peers
Service Corp International is the largest provider of death care services and products in North America. The company operates more than 2,000 funeral homes and crematories in the United States and Canada. LE Lavoir Ltd is a provider of funeral and cremation services in Japan. HEIAN CEREMONY SERVICE Co Ltd is a leading provider of funeral services in China.
– Park Lawn Corp ($TSX:PLC)
Park Lawn Corporation is a provider of death care products and services in North America. The Company owns and operates cemeteries, funeral homes, crematoria, burial vaults, urn gardens, memorialization products and services, and cemetery property. Park Lawn’s products and services include interment rights, such as graves, crypts or niches in cemeteries, and funeral and cremation services.
– LE Lavoir Ltd ($BSE:539814)
In 2022, the market capitalization of Lavoir Ltd was 108.86 million, with a return on equity of 1.66%. The company provides laundry and dry-cleaning services.
– HEIAN CEREMONY SERVICE Co Ltd ($TSE:2344)
The Heian Ceremony Service Co Ltd has a market capitalization of 9.16 billion as of 2022. The company has a return on equity of 4.27%. Heian Ceremony Service Co Ltd is a company that provides services for ceremonies.
Summary
SERVICE CORPORATION reported its second quarter earnings for FY2023, ending June 30, 2023, on August 1, 2023. Total revenue was USD 1013.4 million, a 2.3% increase compared to the previous year. Net income was USD 132.2 million, a 0.4% decrease. Investors should consider the year-over-year changes in both total revenue and net income when analysing the company’s performance. The slight decline in net income could be attributed to higher expenses or lower sales margins.
In addition, investors should also consider the company’s longer-term prospects for growth and dividends. Overall, SERVICE CORPORATION has a solid financial position but investors should conduct further analysis to determine if it is a suitable investment.
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