Service Corporation Raises 2017 Guidance

(RTTNews) - Service Corporation International (SCI) announced, for 2017, the company now expects adjusted EPS in the range of $1.48 to $1.54, up from prior guidance range of $1.42 to $1.52. The company maintained midpoint of $500 million of adjusted operating cash flow, with a revised range of $485 million to $515 million.

The company said its revised outlook for earnings per share from continuing operations excluding special items is anticipated to exceed expected long-term growth framework of 8%-12% after special items in 2016, even after removing a nine cent benefit recognized to date in 2017 from tax benefits recognized on the anticipated settlement of employee share-based awards, which under current accounting guidance, no such benefits were recognized in 2016.