SCI

EX-99.1

2 exhibit991q226earningsrele.htm

EX-99.1

Document

EXHIBIT 99.1

SERVICE CORPORATION INTERNATIONAL

ANNOUNCES SECOND QUARTER 2026 FINANCIAL RESULTS,

CONFIRMS 2026 EARNINGS PER SHARE MIDPOINT GUIDANCE,

AND RAISES 2026 CASH FLOW GUIDANCE

Conference call on Thursday, July 30, 2026, at 8:00 a.m. Central Time.

HOUSTON, Texas, July 29, 2026 . . . Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the second quarter of 2026.

Second Quarter Highlights:

–Consolidated revenue grew $37.8 million, or 4%, over the second quarter of 2025

–Comparable total funeral sales average grew 3% over the second quarter of 2025

–Comparable cemetery preneed sales production increased 8% in the current quarter

–Comparable funeral preneed sales production increased 7% in the current quarter

–GAAP earnings per share was $0.90 compared to $0.86 in the second quarter of 2025

–Adjusted earnings per share was $0.90 compared to $0.88 in the second quarter of 2025

–Net cash provided by operating activities increased $72.2 million, or 43%, to $238.7 million in the current quarter compared to $166.5 million in the prior-year quarter

–Adjusted cash provided by operating activities increased $70.5 million, or 42%, to $238.8 million in the current quarter compared to $168.3 million in the prior year

Tom Ryan, the Company's Chairman and CEO, commented on the second quarter performance:

"Today, we reported adjusted earnings per share of $0.90 and adjusted net cash provided by operating activities of $238.8 million, both ahead of the prior year and our expectations. Our funeral segment benefited from a continued strong average revenue per service which more than offset a better-than-expected 1% decline in funeral services performed. Our cemetery segment continued to perform well, generating 5% growth in comparable cemetery revenue. The growth was primarily driven by higher recognized preneed merchandise and service revenue, as well as higher other revenue, both of which reflected impressive earnings growth from our cemetery trust funds. Additionally, recognized preneed property revenue grew 2%, while preneed property production grew 7%. This dynamic puts temporary pressure on cemetery gross margins but expands our backlog with higher-margin deferred property sales, which will benefit us in future periods. Preneed funeral sales production also remained strong, increasing 7% on a comparable basis, reinforcing the long-term strength of our preneed strategy and helping to build our backlog of future revenue.

We remain focused on executing our long-term growth strategy by growing revenue, leveraging our scale, and allocating capital in a disciplined manner to create long-term shareholder value. Our consistent cash generation continues to provide the financial flexibility to invest in strategic acquisitions, expand and develop our cemetery portfolio, pursue attractive real estate opportunities, and construct new funeral homes. Thus far this year, we returned $363 million to shareholders through dividends and share repurchases, reflecting our continued commitment to balanced capital allocation. This balanced capital allocation strategy positions us to deliver sustainable growth and create long-term shareholder value.

Finally, I would like to thank our more than 25,000 associates for their unwavering commitment to serving client families with compassion, professionalism, and excellence. Their dedication is the foundation of our success and continues to distinguish SCI every day.”

Details of our second quarter 2026 financial results and the unaudited consolidated financial statements can be found in the Appendix at the end of this press release. The table below summarizes our key financial results.

(Dollars in millions, except for per share amounts)Three months ended June 30,Six months ended June 30,

2026202520262025

Revenue$1,103.3 $1,065.4 $2,199.7 $2,139.6

Operating income$231.6 $224.5 $475.4 $476.1

Net income attributable to common stockholders$124.8 $122.9 $260.6 $265.7

Diluted earnings per share$0.90 $0.86 $1.87 $1.84

Earnings excluding special items (1) $124.9 $125.5 $260.1 $265.1

Diluted earnings per share excluding special items (1) $0.90 $0.88 $1.87 $1.84

Diluted weighted average shares outstanding138.3 143.0 139.1 144.1

Net cash provided by operating activities$238.7 $166.5 $572.4 $477.6

Net cash provided by operating activities excluding special items (1) $238.8 $168.3 $573.3 $484.2

1 Service Corporation International

(1)    Earnings excluding special items, diluted earnings per share excluding special items, and net cash provided by operating activities excluding special items are non-GAAP financial measures. These items are also referred to as "adjusted earnings per share" and "adjusted operating cash flow". A reconciliation from net income attributable to common stockholders, diluted earnings per share, and

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sci-202602110000089089false00000890892026-02-112026-02-11

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)February 11, 2026

Service Corporation International (Exact name of registrant as specified in its charter)

Texas1-6402-174-1488375 (State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

1929 Allen ParkwayHoustonTexas77019 (Address of principal executive offices)(Zip Code)

Registrant's telephone number, including area code (713)522-5141

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13a-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter) . ☐ Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock ($1 par value) SCI New York Stock Exchange

Item 2.02 Results of Operations and Financial Condition On February 11, 2026, Service Corporation International issued a press release reporting its financial results for the three and twelve months ended December 31, 2025. A copy of this press release, dated February 11, 2026, is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information in this Current Report on Form 8-K, including Exhibit 99.1, is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01 Financial Statements and Exhibits (d) The following exhibits are included with this report

Exhibit No.Description 99.1 Press Release, dated February 11, 2026 reporting financial results for the three and twelve months ended December 31, 2025

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signature Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

February 11, 2026Service Corporation International

By:/s/ Eric D. Tanzberger Eric D. Tanzberger Executive Vice President

Chief Financial Officer