Service Corporation International (NYSE: SCI) reported a second-quarter 2026 earnings per share of $0.90, up from $0.88 in the previous year. The increase was primarily driven by cemetery revenue growth and trust fund income that offset declines in funeral volumes. The company expects stronger performance for the second half of the year, forecasting full-year adjusted EPS to fall within the range of $4.10 to $4.30, with a midpoint of $4.20.
Cemetery revenue saw a rise of $23 million (about 5%) year-over-year, aided by a $29.7 million (8%) increase in comparable preneed cemetery sales. Meanwhile, funeral revenue inched up by $5 million (approximately 1%), despite a 1.7% decline in core funeral volume. Adjusted operating cash flow reached about $239 million, an increase of 42% from the previous year, prompting an upward revision of the 2026 cash flow outlook to $1.085 billion.
The company invested $120 million in maintenance and growth initiatives during the quarter, while returning $172 million to shareholders through share repurchases and dividends. As of the end of the quarter, SCI maintained approximately $1.6 billion in liquidity, including about $260 million in cash.
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