Service Corporation International (SCI) is “One to Watch”

By @ibtimes on

Service Corporation International is North America’s largest single provider of funeral, cremation and cemetery services. Through more than 20,000 dedicated individuals, the company provides caring assistance to families in need, honor veterans and public servants, helping them celebrate the significance of lives that have been lived, and preserving memories that transcend generations.

The company operates a network of more than 1,800 funeral homes and cemeteries in 43 states, eight Canadian provinces, the District of Columbia and Puerto Rico. Leveraging its industry leading position to offer more value to more families than any other company, Service Corporation takes the lead in providing innovative funeral products and options that address evolving needs and preferences.

Last year Service Corporation’s consolidated revenues grew by $137 million, or 7%, and its normalized earnings per share grew 16% against an unusually high 2009. In addition to improving its near-term debt maturity and risk profile, the company also returned $156 million to shareholders through a combination of share repurchases & dividends while increasing the quarterly dividend rate by 25%.

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