Every material Form 8-K Service Corp Intl filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Service Corporation International said that on November 6, 2024, its subsidiary OFTC, Inc. notified four executives that their employment agreements were extended to December 31, 2025. The filing is an administrative extension of existing agreements and does not disclose new pay terms, which are incorporated by reference from the March 27, 2024 proxy statement.
Executives covered: Thomas L. Ryan, Eric D. Tanzberger, Sumner J. Waring, III, and Elisabeth G. Nash
Notice dated November 6, 2024; agreements extended to December 31, 2025
Filing does not state changes to compensation; terms are referenced to the March 27, 2024 proxy statement
Filing signed November 12, 2024 by CFO Eric D. Tanzberger
Service Corporation International reported third quarter 2024 revenue of $1,014.0 million, up $12.1 million from a year earlier, while operating income fell to $212.4 million from $223.0 million. The company narrowed its full-year 2024 adjusted EPS outlook to $3.47 to $3.57 from a prior expectation in the lower half of $3.50 to $3.80, and raised the midpoint of its operating cash flow guidance.
Q3 2024 diluted EPS was $0.81 vs $0.80; adjusted EPS was $0.79 vs $0.78 in Q3 2023
Net income attributable to common stockholders was $117.8 million vs $122.0 million a year earlier
2024 adjusted EPS outlook is $3.47 to $3.57; Q4 2024 adjusted EPS outlook is $1.00 to $1.10
Full-year adjusted operating cash flow guidance raised to $940 million to $960 million from $900 million to $960 million
Service Corporation International announced executive changes effective October 1, 2024, approved by its Board on September 30, 2024. Sumner J. Waring III moves from Senior Vice President and Chief Operating Officer to President, and John Faulk becomes Senior Vice President and Chief Operating Officer, with Steven A. Tidwell stepping down as an executive officer. The company says the changes support long-term succession planning, and no compensation terms for the new roles have been set yet.
Sumner J. Waring III, age 56, promoted to President, effective October 1, 2024, and takes on sales and marketing responsibilities
John Faulk, age 49, promoted from Senior Vice President of Revenue and Business Development to Senior Vice President and Chief Operating Officer, effective October 1, 2024
Steven A. Tidwell, Senior Vice President of Sales and Marketing, steps down as an executive officer and becomes special advisor to the CEO, effective October 1, 2024
Filing reports $150,000 in rent paid in 2024 year-to-date under leases with a company owned by Mr. Waring's mother; compensation for the new roles is not yet determined
Service Corporation International issued $800 million of 5.750% Senior Notes due 2032 on September 17, 2024, and announced the offering closed. The company said it will use the net proceeds to repay outstanding loans under its revolving credit facility and pay related fees, interest and expenses. The filing reports a debt refinancing with no reported change to operating results.
Issued $800 million aggregate principal of 5.750% Senior Notes due 2032 on September 17, 2024.
Net proceeds will repay outstanding loans under the revolving credit facility plus related fees, interest and expenses.
Wells Fargo Securities acted as lead joint book-running manager for the underwritten public offering.
Notes were issued under a Nineteenth Supplemental Indenture dated September 17, 2024, with BOKF, NA as series trustee.
Service Corporation International agreed to sell $800 million of 5.750% senior notes due 2032 through an underwritten offering led by Wells Fargo Securities. The company said it will use the net proceeds to repay outstanding loans under its revolving credit facility and pay related fees, interest and expenses, with closing expected on September 17, 2024. The filing covers debt financing only and reports no earnings or guidance figures.
Issuance of $800 million aggregate principal amount of 5.750% Senior Notes due 2032, priced September 12, 2024
Wells Fargo Securities, LLC is representative of the underwriters and lead joint book-running manager
Net proceeds will repay outstanding revolving credit facility loans plus related fees, interest and expenses
Closing of the note sale is expected on September 17, 2024, subject to customary conditions
Service Corporation International reported second quarter 2024 revenue of $1,034.0 million, up $20.6 million from a year earlier, but diluted earnings per share fell to $0.81 from $0.86. The company said full-year 2024 adjusted earnings per share will likely be at the lower end of its $3.50 to $3.80 guidance range because funeral services performed fell below expectations, while it kept its operating cash flow guidance midpoint.
Q2 2024 revenue $1,034.0 million vs. $1,013.4 million in Q2 2023
Diluted EPS $0.81 vs. $0.86; adjusted EPS $0.79 vs. $0.83
2024 adjusted EPS now expected at lower end of $3.50 to $3.80 range; prior guidance unchanged
Net cash from operating activities $196.9 million vs. $144.1 million a year earlier
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
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