Stock Monitor: Bright Horizons Family Solutions Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 15, 2018 / If you want access to our free earnings report on Service Corp. International (NYSE: SCI) ("SCI"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SCI. The Company posted its financial results on April 25, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Company reported a 9% y-o-y growth in its adjusted earnings per share (EPS), outperforming market expectations. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Bright Horizons Family Solutions Inc. (NYSE: BFAM), which also belongs to the Services sector as the Company Service Corp. Intl. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Service Corp. International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=SCI

Earnings Highlights and Summary

For the three months ended March 31, 2018, SCI reported revenues of $794.48 million, which came in above the $777.71 million recorded at the end of Q1 FY17. However, the Company's revenues for the reported quarter missed market forecasts of $806.09 million.

The funeral home and cemetery operator's net income attributable to common stockholders was $81.99 million, or $0.43 per diluted share, in Q1 FY18 compared to $174.70 million, or $0.91 per diluted share, in Q1 FY17. Excluding special items, the Company's net income was $88.9 million, or $0.47 per diluted share, in Q1 FY18, up from $73.0 million, or $0.38 per diluted share, in the same quarter of last year. Meanwhile, Wall Street had expected an adjusted net income of $0.42 per diluted share in Q1 FY18.

Operating Metrics

For the three months ended March 31, 2018, SCI spent $598.72 million on costs and expenses compared to $600.47 million in Q1 FY17. The Company's operating profit improved to $195.76 million during Q1 FY18 from $177.24 million in the prior year's comparable quarter.

During the reported quarter, the Houston, Texas-based Company's general and administrative (G&A) expenses came in at $34.78 million versus $42.28 million in the last year's corresponding quarter. The Company reported an operating income of $163.69 million in Q1 FY18 versus $139.89 million in Q1 FY17.

Segment Results

SCI's Funeral segment's total revenues were $514.4 million in Q1 FY18 compared to $498.8 million in the last year's same quarter. The segment posted an operating profit of $120.5 million, or 23.4% of segment revenues, in Q1 FY18 compared to $112.6 million, or 22.6% of segment revenues, in Q1 FY17. Furthermore, the segment performed 86,285 funeral services, at an average revenue per service of $5,256, in Q1 FY18 versus 82,918 funeral services, at an average revenue per service of $5,257, in Q1 FY17.

The Company's Cemetery segment's quarterly total revenues rose to $280.1 million in Q1 FY18 from $278.9 million in Q1 FY17. Meanwhile, the segment's operating profit stood at $75.3 million, or 26.9% of segment revenues, in Q1 FY18 compared to $64.6 million, or 23.2% of segment revenues, in Q1 FY17.

Cash Flow and Balance Sheet

During the first quarter ended March 31, 2018, SCI generated cash from operations of $211.46 million versus $188.11 million in the first quarter of the fiscal year 2017. The Company's capital expenditure was $46.24 million in Q1 FY18, up from $40.15 million in the previous year's comparable quarter.

SCI had cash and cash equivalents of $219.51 million as on March 31, 2018, compared to $330.04 million as on December 31, 2017. Furthermore, the Company's long-term debt increased to $3.32 billion as on March 31, 2018, from $3.14 billion as on December 31, 2017.

Dividend

In a separate press release on May 09, 2018, the Company's Board of Directors announced a quarterly cash dividend of $0.17 per share of its common stock. The quarterly cash dividend is payable on June 29, 2018, to shareholders of record at the close of business on June 15, 2018.

Stock Performance Snapshot

May 14, 2018 - At Monday's closing bell, Service Corp. International's stock was marginally up 0.24%, ending the trading session at $37.09.

Volume traded for the day: 850.73 thousand shares.

Stock performance in the previous six-month period ? up 4.83%; and past twelve-month period ? up 15.87%

After yesterday's close, Service Corp. International's market cap was at $6.70 billion.

Price to Earnings (P/E) ratio was at 15.38.

The stock has a dividend yield of 1.83%.

The stock is part of the Services sector, categorized under the Personal Services industry. This sector was up 0.3% at the end of the session.

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