SCI - Service GAAP EPS of $0.92 beats by $0.14 revenue of $1.02B beats by $45.31M

• Service press release ( NYSE: SCI ): Q4 GAAP EPS of $0.92 beats by $0.14 .
• Revenue of $1.02B (-1.9% Y/Y) beats by $45.31M .
• Net cash provided by operating activities decreased $19.9 million to $170.3 million in the fourth quarter of 2022 compared to $190.2 million in the fourth quarter of 2021,
• Confirming 2023 earnings per share guidance midpoint of $3.60 for 2023.
• Operating cash flow of $826 million for the full year 2022 above the midpoint of previous guidance.
• Cemetery preneed sales grew 2.4% for the full year 2022.
• Funeral preneed sales grew 6.4% for the full year 2022.

• For the full year company reported adjusted earnings per share of $3.80, which is an impressive 26% growth on a compounded annual basis since pre-pandemic 2019.

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