Service Corporation International (SCI) reported its financial results for the second quarter and first half of 2026, revealing a total revenue of $1.1 billion for the three months ending June 30, 2026, a 3.1% increase from $1.07 billion in the same period of 2025. For the first half of 2026, total revenue reached $2.2 billion, up from $2.14 billion year-over-year. The company’s net income attributable to common stockholders was $124.8 million, or $0.90 per diluted share, compared to $122.9 million, or $0.86 per diluted share, in the prior year quarter. For the six months, net income was $260.6 million, down slightly from $265.7 million in 2025.
The financial performance was influenced by a combination of factors, including a modest increase in cemetery gross profit and a decrease in funeral gross profit. The latter was attributed to higher selling compensation costs and a decline in the number of funeral services performed. The average revenue per funeral service increased to $6,016, reflecting a 3.3% rise, while the total comparable cremation rate rose to 64.8%. The company also noted a decrease in non-funeral home preneed sales revenue, primarily due to a strategic shift in operational practices.
In terms of operational developments, SCI maintained a strong market presence with 1,495 funeral service locations and 505 cemeteries across North America. The company reported a backlog of $17.6 billion in future revenue from preneed sales, which is expected to provide stability and predictability in cash flows. The company’s preneed sales production for the first half of 2026 was $684.6 million, an increase from $653.5 million in the same period of 2025, indicating a growing demand for its services.
Looking ahead, SCI expressed confidence in its liquidity and capital structure, with $1.38 billion in remaining borrowing capacity under its bank credit facility. The company plans to continue investing in acquisitions and new locations while returning capital to shareholders through dividends and share repurchases. The Board of Directors recently authorized an increase in the share repurchase program by approximately $472 million, reflecting the company’s commitment to enhancing shareholder value. Overall, SCI remains focused on adapting to market conditions and consumer preferences while managing its operational costs effectively.
About SERVICE CORP INTERNATIONAL
Service Corporation International is North America's largest provider of deathcare services, including funeral homes, cemeteries, and crematoria. Operating under the Dignity Memorial brand, it offers at-need and preneed funeral, cemetery, and cremation products and services across North America and Canada. The company leverages scale, technology, and a broad geographic network to deliver personalized, high-quality end-of-life solutions.
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