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