SERVICE CORPORATION Reports Second Quarter Earnings Results for Fiscal Year 2023

August 21, 2023

🌥️Earnings Overview

On August 1 2023, SERVICE CORPORATION ($NYSE:SCI) released their earnings report for the second quarter of their fiscal year ending June 30 2023. The company generated a total revenue of USD 1013.4 million, representing a 2.3% increase from the same period in the previous year. Despite this, net income was USD 132.2 million, a slight decrease of 0.4% from the year before.

Share Price

The stock opened at $66.6 and closed at $67.3, up by 0.9% from its previous closing price of $66.6. This indicates that SERVICE CORPORATION has been able to maintain its profitability and attractiveness to investors. Analysts have noted that the company’s second quarter earnings results show that it is continuing to grow in the market and is on track to reach its projected targets for the year. The strong quarterly performance of SERVICE CORPORATION will likely continue through the rest of the fiscal year, as it is expected to benefit from increasing demand for its services and products. The company is also looking to expand its operations and invest in new technologies to further improve efficiency.

Additionally, SERVICE CORPORATION is focusing on cost reduction strategies to ensure its long-term success. The company is well-positioned to capitalize on growth opportunities and continue delivering strong returns for investors. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • 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%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • 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
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    At GoodWhale, we have been closely analyzing the financials of SERVICE CORPORATION. Our Risk Rating results indicate that SERVICE CORPORATION is a low risk investment in both financial and business aspects. Unfortunately, our comprehensive analysis also revealed two non-financial risk warnings in the income sheet. If you’d like to find out more about these warnings, visit and register for an account to access our advanced risk analysis features. At GoodWhale, we strive to provide our customers with the most up-to-date and accurate information on the financials of companies across the globe. With us, you can trust that the risk analysis you receive is reliable and comprehensive. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • 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.


    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.


    Service Corporation International (SCI) reported financial results for the second quarter of the fiscal year 2023, ending August 1 2023. Total revenue of USD 1013.4 million marked a slight 2.3% increase from the previous year’s figure. Despite this revenue growth, net income of USD 132.2 million declined by 0.4% year-over-year. Investors looking to invest in SCI may want to reassess the company’s performance and consider potential risks before making a decision.

    Analysts may also need to assess whether the growth in revenue can be sustained in the coming quarters. SCI is poised to embark on the next phase of its business cycle, and investors will need to carefully weigh the potential rewards against the risks associated with investing in the company.

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