Service Corporation International (SCI) reported a total revenue of $1.065 billion for the second quarter of 2025, marking a 3.9% increase from $1.034 billion in the same period of 2024. The company's net income attributable to common stockholders rose to $122.9 million, or $0.86 per diluted share, compared to $118.2 million, or $0.81 per diluted share, in the prior year. For the first half of 2025, total revenue reached $2.140 billion, up from $2.079 billion in the first half of 2024, while net income increased to $265.7 million from $249.5 million year-over-year.
The company experienced notable growth in service revenue, which increased to $438.3 million in Q2 2025 from $421.0 million in Q2 2024. Additionally, other revenue surged to $109.1 million, up from $85.0 million in the same quarter last year. The gross profit for the second quarter was $271.4 million, reflecting a gross margin of 25.5%, compared to $257.9 million and a margin of 24.9% in the prior year. The increase in profitability was attributed to effective cost management and higher funeral operating results.
In terms of operational developments, SCI's preneed sales production for the first half of 2025 totaled $653.5 million, a decrease from $723.3 million in the same period of 2024. The company reported a backlog of $16.4 billion in future revenue from preneed sales as of June 30, 2025. The total number of funeral services performed was 84,622 in Q2 2025, slightly down from 85,353 in Q2 2024, while the average revenue per service increased to $5,809 from $5,634.
Strategically, SCI has continued to focus on acquisitions and expansions, operating 1,485 funeral service locations and 498 cemeteries across North America as of June 30, 2025. The company repurchased 4.1 million shares of its common stock at an average price of $78.93 during the first half of 2025, with a remaining authorization of $491.8 million under its share repurchase program. Looking ahead, SCI anticipates continued growth driven by demographic trends, effective management of costs, and strategic investments in its service offerings, while remaining vigilant to market conditions and potential economic challenges.
About SERVICE CORP INTERNATIONAL
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