Service Corporation reports mixed Q3 results; updates Q4 and reaffirms FY2026 outlook

• Service Corporation press release (SCI): Q3 Non-GAAP EPS of $0.97 misses by $0.02.
• Revenue of $1.11B (+4.7% Y/Y) beats by $10M.
• Comparable funeral preneed sales production increased 6% in the current quarter
• Comparable cemetery preneed sales production increased 5% in the current quarter
• Comparable total funeral sales average grew 3% over the third quarter of 2025
• Net cash provided by operating activities increased $44.5 million, or 18%, to $296.8 million in the current quarter compared to $252.3 million in the prior-year quarter
• Adjusted cash provided by operating activities increased $29.0 million, or 11%, to $296.9 million in the current quarter compared to $267.9 million in the prior year.
• Outlook:

• (Dollars in millions, except per share amounts)	Updated Fourth QuarterOutlook
  Diluted earnings per share excluding special items (1)	$1.10 - $1.20 (vs. consenus of $1.13 )
  	Confirmed Full Year 2026Cash Flow Outlook
  Net cash provided by operating activities excluding special items and cash taxes (1)	$1,175 - $1,235
  Cash taxes expected in 2026 (at midpoint of diluted earnings per share excludingspecial items guidance)	$120
  Net cash provided by operating activities excluding special items (1)	$1,055 - $1,115
  Midpoint of net cash provided by operating activities excluding special items (1)	$1,085
  Capital improvements at existing field locations	$140
  Development of cemetery property	$170
  Digital investments and corporate	$25
  Total maintenance, cemetery development, and other capital expenditures(Maintenance capital expenditures)	$335

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