Service Corp. International said its normalized net income for the first quarter came to 31 cents per share, compared with the S&P Capital IQ consensus estimate of 28 cents per share.
EPS increased 15.8% year over year from 27 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $64.7 million, an increase of 10.8% from $58.4 million in the year-earlier period.
The normalized profit margin climbed to 8.6% from 7.8% in the year-earlier period.
Total revenue totaled $748.1 million, compared with $745.5 million in the prior-year period, and total operating expenses declined year over year to $601.5 million from $608.2 million.
Reported net income rose 49.8% from the prior-year period to $61.4 million, or 30 cents per share, from $41.0 million, or 19 cents per share.
