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Service Corp. Q3 profit climbs 10.7% YOY

Service Corp. International said its third-quarter normalized net income was 24 cents per share, compared with the S&P Capital IQ consensus estimate of 26 cents per share.

EPS climbed 14.5% year over year from 21 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $48.1 million, a gain of 10.7% from $43.5 million in the prior-year period.

The normalized profit margin increased to 6.7% from 6.1% in the year-earlier period.

Total revenue came to $721.5 million, compared with $714.5 million in the year-earlier period, and total operating expenses totaled $605.4 million, compared with $600.5 million in the prior-year period.

Reported net income came to $47.7 million, or 24 cents per share, compared to $47.5 million, or 23 cents per share, in the year-earlier period.