SERVICE CORP INTERNATIONAL
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 29, 2026
SCI$73.74-2.3%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-06-30; filed 2026-07-30.
0000089089-26-000081
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe CompanyFinancial Condition, Liquidity, and Capital ResourcesCash FlowResults of Operations - Three and Six Months EndedCritical Accounting PoliciesCautionary Statement on Forward-Looking StatementsCurrent report: 10-Q
Period ended 2026-09-30; filed 2026-10-29.
0000089089-26-000098
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe CompanyFinancial Condition, Liquidity, and Capital ResourcesCash FlowResults of Operations - Three and Nine Months EndedCritical Accounting PoliciesCautionary Statement on Forward-Looking StatementsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 214 previous paragraphs and 212 current paragraphs.
135 unchanged; 64 reworded; 13 added; 14 removed; 1 previous and 0 current paragraphs rearranged.
Tables are not compared: 11 previous and 11 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (13)
Current report
•a $10.6 million increase in payments for Company-owned life insurance policies,
Current report
•a $188.1 million increase in payments of debt, as we moved from net borrowings of $117.3 million in 2025 to net repayments of $70.7 million in 2026,
Current report
Non-funeral home preneed sales revenue decreased $1.7 million, primarily due to a reduction in general agency revenue. While non-funeral home insurance sales production increased 9.3%, a lower general agency commission rate impacted revenue quarter over quarter.
Current report
Consolidated funeral gross profit increased $5.3 million, or 5.3%, for the three months ended September 30, 2026 compared to the same period in 2025, primarily attributable to a $3.6 million, or 3.6%, increase in comparable funeral gross profit and a $1.6 million increase in gross profit contributed by newly constructed and acquired properties. Comparable funeral gross profit increased from $100.2 million to $103.8 million, and the comparable gross profit percentage was 17.6% in both periods. Comparable funeral revenue increased $18.7 million which was partially offset by higher selling compensation and higher advertising and marketing expenditures supporting preneed sales production. In addition, we experienced an increase in health insurance expense.
Current report
Consolidated cemetery gross profit increased $1.5 million, or 0.9%, in the three months ended September 30, 2026 compared to the same period in 2025, which is primarily attributable to a $1.1 million increase in comparable cemetery gross profit. Comparable cemetery gross profit increased $1.1 million to $167.1 million. The gross profit percentage decreased from 34.3% to 33.2%. Comparable cemetery revenue increased $19.4 million which was largely offset by higher selling compensation and higher advertising and marketing expenditures supporting preneed sales production. Changes to our sales compensation structure, which increased guaranteed hourly wages, resulted in a higher selling compensation rate. In addition, this resulted in more selling costs being recognized in the current period rather than deferred, which will reduce selling compensation expense recognized in subsequent periods. We also experienced an increase in health insurance expense. While these elevated costs are pressuring cemetery gross margins, the growth in preneed sales production continues to strengthen our backlog with high quality deferred property, merchandise and service revenue, which will benefit future periods.
Current report
Corporate general and administrative expenses decreased $7.7 million to $30.6 million in the third quarter of 2026 compared to the third quarter of 2025 of $38.3 million. The decrease was driven primarily by lower long-term incentive compensation expense tied to total shareholder return and a favorable legal settlement.
Current report
Gains (losses) on Divestitures and Impairment Charges, Net
Current report
Interest expense decreased $0.7 million to $65.0 million for the three months ended September 30, 2026 due to lower rates on floating rate debt more than offsetting higher balances.
Current report
Nine Months Ended September 30, 2026 and 2025
Current report
Comparable revenue from funeral operations was $1,800.9 million for the nine months ended September 30, 2026 compared to $1,794.6 million for the same period in 2025. The $6.3 million, or 0.4%, increase was due to a $6.7 million increase in core general agency and other revenue, a $6.6 million increase in adjusted comparable funeral revenue, both partially offset by a $7.0 million decrease in non-funeral home preneed sales revenue.
Current report
Corporate general and administrative expenses decreased $16.2 million to $116.3 million for the nine months ended September 30, 2026. Of the decrease, $6.4 million was due to the settlement of certain legal matters in prior year, with the remainder primarily due to favorable adjustments to self-insurance actuarial reserves for workers’ compensation, general liability and auto based on improved claims experience.
Current report
Gains (losses) on Divestitures and Impairment Charges, Net
Removed paragraphs (14)
Previous report
•a $0.4 million decrease in payments for certain legal matters, partially offset by
Previous report
•an $81.8 million decrease in debt proceeds, net of repayments, and
Previous report
Consolidated funeral gross profit decreased $5.7 million, or 4.9%, for the three months ended June 30, 2026 compared to the same period in 2025, primarily attributable to a decrease in comparable funeral gross profit. Comparable funeral gross profit decreased $6.8 million to $109.8 million, and the comparable gross profit percentage decreased from 19.8% to 18.5%. Gross profit was impacted by higher selling compensation associated with strong insurance-funded preneed sales production. Selling compensation costs associated with insurance-funded preneed sales production are expensed as incurred, while the benefit of these sales will be realized in future periods as the related funeral services are performed. In addition, the gross profit was impacted by the timing of incentive compensation accruals versus the prior year quarter.
Previous report
Consolidated cemetery gross profit increased $7.7 million, or 5.0%, in the three months ended June 30, 2026 compared to the same period in 2025, which is primarily attributable to a $6.7 million increase in comparable cemetery gross profit and a $1.0 million increase in gross profit contributed by newly constructed and acquired properties. Comparable cemetery gross profit increased from $155.5 million to $162.2 million. The gross profit percentage decreased slightly from 32.8% to 32.6%. Gross profit was impacted by higher selling compensation, reflecting strong preneed sales production growth of 8.0%. While this strong production growth puts temporary pressure on cemetery gross margins, it grows our backlog with higher-margin deferred property sales which will benefit us in future periods. In addition, the gross profit was impacted by the timing of incentive compensation accruals versus the prior year quarter.
Previous report
Corporate general and administrative expenses decreased $7.7 million to $41.8 million in the second quarter of 2026 compared to the second quarter of 2025 of $49.5 million. The prior year included a $6.4 million charge related to the settlement of certain legal matters. The remaining decrease is partially due to lower auto and general liability claims in the current year.
Previous report
(Losses) Gains on Divestitures and Impairment Charges, Net
Previous report
Interest expense increased $0.6 million to $64.7 million for the three months ended June 30, 2026. The average balances on our floating-rate debt increased approximately $189.0 million, partially offset by lower average floating rates decreasing from 6.8% to 5.8%.
Previous report
Other (Expense) Income, Net
Previous report
Other (expense) income, net decreased $4.0 million, resulting in Other expense, net of $0.1 million for the three months ended June 30, 2026 primarily due to the change in foreign currency exchange rates compared to the prior year.
Previous report
Six Months Ended June 30, 2026 and 2025
Previous report
Comparable revenue from funeral operations was $1,213.1 million for the six months ended June 30, 2026 compared to $1,225.4 million for the same period in 2025. The $12.3 million, or 1.0%, decrease was due to a $6.5 million decrease in adjusted comparable funeral revenue, a $5.3 million decrease in non-funeral home preneed sales revenue, and a $0.5 million decrease in core general agency and other revenue.
Previous report
Corporate general and administrative expenses decreased $8.5 million to $85.7 million for the six months ended June 30, 2026. The prior year included a $6.4 million charge related to the settlement of certain legal matters. The remaining decrease is due in part to higher auto and general liability claims in the prior year.
Previous report
(Losses) Gains on Divestitures and Impairment Charges, Net
Previous report
Other (Expense) Income, Net
Reworded paragraphs (64)
Previous wording
We are North America’s largest provider of deathcare products and services, with a network of funeral service locations and cemeteries unequaled in geographic scale and reach. At June 30, 2026, we operated 1,495 funeral service locations and 505 cemeteries (including 316 funeral service/cemetery combination locations), which are geographically diversified across 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. Our funeral and cemetery operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other related businesses, which enable us to serve a wide array of customer needs. We sell cemetery property and funeral and cemetery merchandise and services at the time of need and on a preneed basis. We strive to offer families exceptional service in planning life celebrations and personalized remembrances. Our Dignity Memorial®brand serves approximately 700,000 combined preneed and atneed families each year with professionalism, compassion, and attention to detail.
Current wording
We are North America’s largest provider of deathcare products and services, with a network of funeral service locations and cemeteries unequaled in geographic scale and reach. At September 30, 2026, we operated 1,491 funeral service locations and 506 cemeteries (including 317 funeral service/cemetery combination locations), which are geographically diversified across 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico. Our funeral and cemetery operations consist of funeral service locations, cemeteries, funeral service/cemetery combination locations, crematoria, and other related businesses, which enable us to serve a wide array of customer needs. We sell cemetery property and funeral and cemetery merchandise and services at the time of need and on a preneed basis. We strive to offer families exceptional service in planning life celebrations and personalized remembrances. Our Dignity Memorial®brand serves approximately 700,000 combined preneed and atneed families each year with professionalism, compassion, and attention to detail.
Previous wording
Our financial position is enhanced by our $17.6 billion backlog of future revenue from both trust and insurance-funded preneed sales at June 30, 2026. Preneed selling provides us with a strategic opportunity to gain future market share. We also believe it adds to the stability and predictability of our revenue and cash flows. While revenue on the majority of preneed merchandise and service sales is deferred until the time of need, sales of preneed cemetery property provide opportunities for revenue recognition to the extent that the property is developed and available for use.
Current wording
Our financial position is enhanced by our $17.7 billion backlog of future revenue from both trust and insurance-funded preneed sales at September 30, 2026. Preneed selling provides us with a strategic opportunity to gain future market share. We also believe it adds to the stability and predictability of our revenue and cash flows. While revenue on the majority of preneed merchandise and service sales is deferred until the time of need, sales of preneed cemetery property provide opportunities for revenue recognition to the extent that the property is developed and available for use.
Previous wording
We rely on cash flow from operations as a significant source of liquidity. Our cash flow from operating activities provided $572.4 million in the first six months of 2026. As of June 30, 2026, we had $1,383.7 million in remaining borrowing capacity under our Bank Credit Facility.
Current wording
We rely on cash flow from operations as a significant source of liquidity. Our cash flow from operating activities provided $869.3 million in the first nine months of 2026. As of September 30, 2026, we had $1,513.7 million in remaining borrowing capacity under our Bank Credit Facility.
Previous wording
Returning Excess Cash to Shareholders. In addition to any strategic acquisitions or new build opportunities, we continue to return cash to shareholders through regular quarterly dividends and our share repurchase program. Our quarterly dividend rate has steadily grown from $0.025 per common share in 2005 to $0.36 per common share in the second quarter of 2026. We target a dividend payout ratio of 30% to 40% of after tax earnings excluding special items and intend to grow our cash dividend commensurate with the growth in our business. While we intend to pay regular quarterly cash dividends for the foreseeable future, all future dividends are subject to limitations in our debt covenants, and final determination by our Board of Directors each quarter upon review of our financial performance. We also expect to continue to repurchase shares of our common stock in the open market or through privately negotiated transactions, subject to market conditions, debt covenants, and normal trading restrictions. On June 11, 2026, we announced that our Board of Directors increased the authorized level of repurchases of our common stock by approximately $472 million. There can be no assurance that we will buy our common stock under our repurchase program in the future. During the six months ended June 30, 2026, we repurchased 3,350,873 shares of our common stock at an aggregate cost of $264.9 million, which is an average cost per share of $79.04.
Current wording
Returning Excess Cash to Shareholders. In addition to any strategic acquisitions or new build opportunities, we continue to return cash to shareholders through regular quarterly dividends and our share repurchase program. Our quarterly dividend rate has steadily grown from $0.025 per common share in 2005 to $0.36 per common share in the third quarter of 2026. We target a dividend payout ratio of 30% to 40% of after tax earnings excluding special items and intend to grow our cash dividend commensurate with the growth in our business. While we intend to pay regular quarterly cash dividends for the foreseeable future, all future dividends are subject to limitations in our debt covenants, and final determination by our Board of Directors each quarter upon review of our financial performance. We also expect to continue to repurchase shares of our common stock in the open market or through privately negotiated transactions, subject to market conditions, debt covenants, and normal trading restrictions. On June 11, 2026, weannounced that our Board of Directors increased the authorized level of repurchases of our common stock by approximately $472 million. There can be no assurance that we will buy our common stock under our repurchase program in the future. During the nine months ended September 30, 2026, we repurchased 4,009,333 shares of our common stock at an aggregate cost of $317.6 million, which is an average cost per share of $79.22.
Previous wording
Net cash provided by operating activities was $572.4 million and $477.6 million for the six months ended June 30, 2026 and 2025, respectively. The $94.8 million increase in operating cash flows from 2025 comprises:
Current wording
Net cash provided by operating activities was $869.3 million and $729.9 million for the nine months ended September 30, 2026 and 2025, respectively. The $139.4 million increase in operating cash flows from 2025 comprises:
Previous wording
•a $72.2 million increase in cash receipts from customers, General Agency (GA) commission and other receipts,
Current wording
•a $133.4 million increase in cash receipts from customers, General Agency (GA) commission and other receipts,
Current wording
•a $1.7 million increase in net trust withdrawals, partially offset by
Previous wording
•a $59.9 million increase in employee compensation payments primarily related to the timing of payroll,
Current wording
•a $34.1 million increase in employee compensation payments,
Previous wording
Net cash flows used in investing activities was $319.8 million and $191.2 million for the six months ended June 30, 2026 and 2025, respectively. The $128.6 million increased outflow in 2026 over 2025 is primarily due to the following:
Current wording
Net cash flows used in investing activities was $470.1 million and $341.4 million for the nine months ended September 30, 2026 and 2025, respectively. The$128.7 million increased outflow in 2026 over 2025 is primarily due to the following:
Previous wording
•a $40.7 million increase in tax credit equity investments,
Previous wording
•a $29.6 million increase in capital expenditures related to construction of our new corporate headquarters which is substantially financed through a separate construction loan facility,
Current wording
•a $27.5 million increase in capital expenditures related to construction of our new corporate headquarters which is substantially financed through a separate construction loan facility,
Previous wording
•a $14.4 million increase in total capital expenditures, which comprises:
Current wording
•a $12.2 million increase in total capital expenditures, which comprises:
Previous wording
•a $3.5 million increase in expenditures for growth capital expenditures/construction of new funeral service locations, and
Current wording
•a $7.8 million increase in expenditures for growth capital expenditures/construction of new funeral service locations, and
Previous wording
•a $10.9 million net increase in maintenance capital expenditures, which includes:
Current wording
•a $4.4 million net increase in maintenance capital expenditures, which includes:
Previous wording
•a $9.4 million increase in expenditures for cemetery property development, and
Current wording
•a $6.5 million increase in expenditures for cemetery property development, and
Previous wording
•a $1.7 million increase in expenditures for digital investments and corporate, partially offset by
Current wording
•a $2.0 million increase in expenditures for digital investments and corporate, partially offset by
Previous wording
•a $0.2 million decrease in expenditures for capital improvements at existing field locations,
Current wording
•a $4.1 million decrease in expenditures for capital improvements at existing field locations,
Previous wording
•a $3.8 million decrease in net proceeds from Company-owned life insurance policies.
Current wording
•an $11.4 million decrease in proceeds from Company-owned life insurance policies,
Previous wording
•a $7.4 million increase in cash spent on real estate acquisitions, and
Current wording
•a $9.9 million increase in cash spent on real estate acquisitions,
Previous wording
•a $21.5 million decrease in cash receipts from divestitures and asset sales,
Current wording
•a $9.6 million decrease in cash receipts from divestitures and asset sales, and
Previous wording
•an $11.2 million increase in cash spent on business acquisitions,
Current wording
•an $8.2 million increase in cash spent on business acquisitions.
Previous wording
Net cash used in financing activities was $232.5 million and $243.0 million for the six months ended June 30, 2026 and 2025, respectively. The $10.5 million decreased outflow in 2026 over 2025 is primarily due to the following:
Current wording
Net cash used in financing activities was $467.1 million and $368.9 million for the nine months ended September 30, 2026 and 2025, respectively. The $98.2 million increased outflow in 2026 over 2025 is primarily due to the following:
Current wording
•a $9.0 million increase in bank overdrafts and other, partially offset by
Previous wording
•a $57.6 million decrease in purchase of Company common stock,
Current wording
•an $83.2 million decrease in purchase of Company common stock,
Previous wording
•a $34.7 million increase in borrowings from our corporate headquarters debt facility,
Current wording
•a $22.6 million increase in borrowings from our corporate headquarters debt facility, and
Previous wording
•a $2.6 million increase in proceeds from exercises of stock options, partially offset by
Current wording
•a $2.5 million increase in proceeds from exercises of stock options.
Previous wording
The fair value of our trust investments was based on a combination of quoted market prices, observable inputs such as interest rates or yield curves, and appraisals. As of June 30, 2026, the difference between the backlog and total assets at fair value represents $0.16 billion related to contracts for which we have posted surety bonds as financial assurance in lieu of trusting, $1.46 billion collected from customers that were not required to be deposited into trusts, and $0.20 billion in allowable cash distributions from trust assets partially offset by $1.53 billion in amounts due on delivered property and merchandise. As of June 30, 2026, the fair value of the total backlog comprised $5.32 billion related to cemetery contracts and $12.30 billion related to funeral contracts. As of June 30, 2026, the fair value of the assets associated with the backlog of trust-funded deferred revenue comprised $5.32 billion related to cemetery contracts and $3.03 billion related to funeral contracts. As of June 30, 2026, the backlog of insurance-funded contracts of $8.98 billion was equal to the proceeds we expect to receive from the associated insurance policies when the corresponding contract is serviced by one of our operating locations.
Current wording
The fair value of our trust investments was based on a combination of quoted market prices, observable inputs such as interest rates or yield curves, and appraisals. As of September 30, 2026, the difference between the backlog and total assets at fair value represents $0.16 billion related to contracts for which we have posted surety bonds as financial assurance in lieu of trusting, $1.45 billion collected from customers that were not required to be deposited into trusts, and $0.20 billion in allowable cash distributions from trust assets partially offset by $1.53 billion in amounts due on delivered property and merchandise. As of September 30, 2026, the fair value of the total backlog comprised $5.31 billion related to cemetery contracts and $12.41 billion related to funeral contracts. As of September 30, 2026, the fair value of the assets associated with the backlog of trust-funded deferred revenue comprised $5.31 billion related to cemetery contracts and $2.98 billion related to funeral contracts. As of September 30, 2026, the backlog of insurance-funded contracts of $9.15 billion was equal to the proceeds we expect to receive from the associated insurance policies when the corresponding contract is serviced by one of our operating locations.
Previous wording
Equity investments have historically provided long-term capital appreciation in excess of inflation. The trusts have direct investments in individual equity securities primarily in domestic equity portfolios that include large, mid, and small capitalization companies of different investment styles (i.e., growth and value). The majority of the equity allocation is managed by institutional investment managers that specialize in an objective-specific area of expertise. Our equity securities are exposed to market risk; however, we believe these securities are well-diversified. As of June 30, 2026, the largest single equity position represented approximately 1.1% of the total securities portfolio.
Current wording
Equity investments have historically provided long-term capital appreciation in excess of inflation. The trusts have direct investments in individual equity securities primarily in domestic equity portfolios that include large, mid, and small capitalization companies of different investment styles (i.e., growth and value). The majority of the equity allocation is managed by institutional investment managers that specialize in an objective-specific area of expertise. Our equity securities are exposed to market risk; however, we believe these securities are well-diversified. As of September 30, 2026, the largest single equity position represented approximately 1.3% of the total securities portfolio.
Previous wording
During the six months ended June 30, 2026, the Standard and Poor’s 500 Index increased 10.2% and the Bloomberg’s US Aggregate Bond Index increased 0.6%. This compares to the SCI trusts that increased 7.0% during the same period. The SCI trusts have a diversified allocation of approximately 60% equities, 26% fixed income securities, 10% alternative and other investments with the remaining 4% available in money market funds.
Current wording
During the nine months ended September 30, 2026, the Standard and Poor’s 500 Index increased 12.8% and the Bloomberg’s US Aggregate Bond Index decreased 2.9%. This compares to the SCI trusts that increased 6.2% during the same period. The SCI trusts have a diversified allocation of approximately 60% equities, 26% fixed income securities, 10% alternative and other investments with the remaining 4% available in money market funds.
Previous wording
Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $118.8 million and $95.9 million for the six months ended June 30, 2026 and 2025, respectively. Recognized trust fund income (realized and unrealized) related to our cemetery perpetual care trust investments was $65.5 million and $53.1 million for the six months ended June 30, 2026 and 2025, respectively.
Current wording
Recognized trust fund income (realized and unrealized) related to our preneed trust investments was $181.6 million and $146.9 million for the nine months ended September 30, 2026 and 2025, respectively. Recognized trust fund income (realized and unrealized) related to our cemetery perpetual care trust investments was $99.1 million and $80.8 million for the nine months ended September 30, 2026 and 2025, respectively.
Previous wording
Results of Operations — Three and Six Months Ended June 30, 2026 and 2025
Current wording
Results of Operations — Three and Nine months ended September 30, 2026 and 2025
Previous wording
In the second quarter of 2026, we reported consolidated net income attributable to common stockholders of $124.8 million ($0.90 per diluted share) compared to net income attributable to common stockholders in the second quarter of 2025 of $122.9 million ($0.86 per diluted share). These results were impacted by certain items including:
Current wording
In the third quarter of 2026, we reported consolidated net income attributable to common stockholders of $141.3 million ($1.03 per diluted share) compared to net income attributable to common stockholders in the third quarter of 2025 of $117.5 million ($0.83 per diluted share). These results were impacted by certain items including:
Previous wording
In addition to the above items, the increase was due to higher cemetery gross profit combined with lower corporate general and administrative expenses and lower share count over prior year quarter. This increase was slightly offset by lower funeral gross profit as the impact of modest revenue growth was offset by higher selling compensation costs on increased production and normal increases in our fixed-cost structure.
Current wording
In addition to the above items, the increase was due to higher funeral and cemetery gross profit combined with lower corporate general and administrative expenses and a lower share count over prior-year quarter. This increase was offset by higher healthcare costs, selling compensation, and costs associated with targeted sales initiatives supporting our higher preneed production.
Previous wording
Consolidated revenue from funeral operations was $604.8 million for the three months ended June 30, 2026 compared to $591.4 million for the same period in 2025. This $13.4 million increase is primarily attributable to a $9.4 million increase in revenue from acquired and newly constructed properties and a $5.1 million increase in comparable revenue, partially offset by a $1.1 million decrease in revenue associated with divested properties.
Current wording
Consolidated revenue from funeral operations was $602.6 million for the three months ended September 30, 2026 compared to $574.1 million for the same period in 2025. This $28.5 million increase is primarily attributable to an $18.7 million increase in comparable revenue and a $10.7 million increase in revenue from acquired and newly constructed properties, partially offset by a $0.9 million decrease in revenue associated with divested properties.
Previous wording
Comparable revenue from funeral operations was $592.9 million for the three months ended June 30, 2026 compared to $587.8 million for the same period in 2025. This $5.1 million, or 0.9%, increase was due to a $9.4 million increase in adjusted comparable funeral revenue and a $0.8 million increase in core general agency and other revenue, partially offset by a $5.1 million decrease in non-funeral home preneed sales revenue.
Current wording
Comparable revenue from funeral operations was $588.2 million for the three months ended September 30, 2026 compared to $569.5 million for the same period in 2025. This $18.7 million, or 3.3%, increase was due to a $13.3 million increase in adjusted comparable funeral revenue and a $7.1 million increase in core general agency and other revenue, partially offset by a $1.7 million decrease in non-funeral home preneed sales revenue.
Showing the first 40 of 64 pairs. Open the source sections for the rest.
Rearranged previous paragraphs (1)
Previous report — wording carried elsewhere
Non-funeral home preneed sales revenue decreased $5.3 million, primarily due to an operational shift to defer the delivery of urns on preneed contracts to the time of need. This transition was completed late in 2025, and this decrease is short-term in nature as we will recognize deferred urn revenue from the backlog at the time of need as non-funeral home revenue.