Service International's Q3 Adjusted Earnings, Revenue Increase; 2024 EPS Guidance Cut

MT Newswires Live10-31

Service International (SCI) reported Q3 adjusted earnings Wednesday of $0.79 per diluted share, up from $0.78 a year earlier.

Analysts polled by Capital IQ expected $0.77.

Revenue for the quarter ended Sept. 30 was $1.01 billion, up from $1 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.02 billion.

The company said it expects Q4 adjusted earnings of $1 to $1.10 per diluted share. Analysts polled by Capital IQ expect $1.07.

The company now expects full-year 2024 adjusted earnings of $3.47 to $3.57 per diluted share, lower than its prior guidance of $3.50 to $3.80. Analysts polled by Capital IQ expect $3.52.

Shares of the company rose 5% in recent Thursday premarket activity.

Price: 80.07, Change: +3.86, Percent Change: +5.07

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