Service Corporation International At Need Funeral income is down in Q1. Income from the preneed funeral investments rose with the markets. Funeral Corporations are still struggling so many companies like SCI have turned to acquisitions to make the downward trend stop. Service Corporation International #1 funeral corporation recently purchased Keystone the #5 funeral corporation in North America.
SCI’ income increase in Q1 2010 revenue increased over the First Quarter in 2009. but the increase does not begin to make up for the 2009 losses.
Service Corporation International (NYSE: SCI), the largest provider of deathcare products and services in North America, today reported results for the first quarter 2010. Our unaudited condensed consolidated financial statements can be found at the end of this press release. The table below summarizes our key financial results:
(In millions, except for per share amounts) Three Months Ended
2010 2009 Revenues $ 530.9 $ 510.6 via www.digitaljournal.com
Funeral Industry, Funeral News, Funeral Blog by Your Funeral Guy