Name: Largest Funeral Services Operator in NA Posts Surprising Q3 Earnings After Rising Non-COVID Deaths
Uploaded: 2022-11-03T19:44:37+00:00
Duration: 2 min 9 s
Description: "We projected that these levels [of excess deaths] would normalize back towards 2019 Pre-COVID levels. We also assumed that cemetery sales levels would be relatively flat, to slightly up, vs 2021 leve

1 year ago

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"We projected that these levels [of excess deaths] would normalize back towards 2019 Pre-COVID levels. We also assumed that cemetery sales levels would be relatively flat, to slightly up, vs 2021 levels.

Based on what we've seen over the last 5 or 6 months for 2022, we now believe with higher than we anticipated levels of Non-COVID funeral services and cemetery revenues that our original base assumption of $3.18 would be more like $3.50. We believe these excess services are more permanent in nature."

Source: https://investors.sci-corp.com/events

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