Navigation Links
Service Corporation International Announces First Quarter 2009 Financial Results
Date:5/6/2009

ry revenues declined $6.7 million, or 10.3%, which we believe was primarily driven by a decline in deaths in our markets.
  • Comparable recognized preneed cemetery revenues declined $10.5 million, which was in line with our expectations and continued to be impacted by negative consumer sentiment resulting from the difficult economic environment.
  • Other revenue decreased by $6.2 million, or 27.9%, as cemetery trust fund income recognized from our preneed merchandise and service trust declined $5.5 million due to negative market returns experienced in late 2008 and early 2009. Cemetery trust fund income from our preneed merchandise and service trust as well as our endowment care trust was in line with our expectations for the first quarter of 2009.
  • Cemetery gross profit decreased $13.8 million, due to the revenue declines described above which were partially offset by lower variable selling compensation expenses and a decline in personnel costs related to work force initiatives. The cemetery gross profit in the quarter exceeded our expectations as cost control initiatives helped to offset lower than expected atneed revenues due to a reduced number of deaths in our markets during the quarter.
  • As anticipated, comparable preneed and atneed cemetery sales production declined $18.1 million primarily due to lower cemetery property sales production.

  • Other Financial Results

    • General and administrative expenses decreased $3.3 million primarily due to lower incentive compensation expense.
    • Gain on divestitures and impairment charges, net of $7.2 million in the first quarter of 2009 included the release of $14.1 million of tax and litigation indemnifications related to our former French operations, partially offset by losses from impairment charges and asset divestitures in North America.


      '/>"/>

    SOURCE Service Corporation International
    Copyright©2009 PR Newswire.
    All rights reserved

    Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22

    Related medicine news :

    1. Providence Service Corporation Announces Record Revenues and Earnings in the First Quarter of 2009
    2. New Jersey IT Services Firm to Host Educational Luncheon Event, EMR & Information Technology for the Specialty Medical Practice
    3. Carriage Services to Present at the Bank of America and Merrill Lynch 2009 Health Care Conference
    4. AMN Healthcare Services to Present at the Bank of America and Merrill Lynch 2009 Health Care Conference and at the Robert W. Baird 2009 Growth Stock Conference
    5. Emdeon Announces Agreement to Acquire The Sentinel Group, a Leader in Healthcare Fraud and Abuse Management Services
    6. Listening Up in a Down Economy: Better Hearing Institute Launches Public Service Campaign for Better Hearing and Speech Month
    7. Midbrook Offers Medical Cart Refurbishment Services
    8. Health Reform Bill Should Include Clinical Preventive Services, Businesses and Health Advocates Urge Congressional Leaders
    9. Hair Transplant Office Expands Serviceable Area
    10. Stratfords Institutional Investment Consulting Service Receives HFMA Peer Review Designation
    11. Providence Service Corporation to Report First Quarter 2009 Results on Wednesday, May 6th After the Market Closes
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:5/5/2015)... (PRWEB) May 05, 2015 Curly Hair Solutions™ ... Keeper Collection, Curl Keeper™ Beach Mist. The collection has every ... The secret to mastering those loose to medium body curls ... Curl Keeper™ Beach Mist those fancying the ocean breeze needn’t ... (and/or skin) Curl Keeper™ Beach Mist produces the same invigorating ...
    (Date:5/4/2015)... Visiopharm, the leader in image analysis for diagnostic ... round of financing with NorthCap Partners . The ... Visiopharm to further accelerate business growth and strengthen their ... diagnostic digital pathology solutions. , "It has been exciting ... solution has energized the pathologists, and how fast we ...
    (Date:5/4/2015)... Garden City, NY (PRWEB) May 05, 2015 ... honors Gloria M. Betancourt as a ... Year Circle. She is recognized with this prestigious distinction ... networking organization exclusively for professional women, boasting more than ... "I'm pleased to present Gloria with this important honor," ...
    (Date:5/4/2015)... IOWA (PRWEB) May 04, 2015 The ... appointed Gregs G. Thomopulos, P.E., Chairman of Stanley ... (ISI) board of directors for a three-year term. ... Association (APWA) and the American Society of Civil Engineers ... a sustainability rating system for civil infrastructure called Envision. ...
    (Date:5/4/2015)... In a continuing effort to remain a ... Wickstrom, the founder of Choices Recovery in South Bend, ... to the Oscars” celebration held on February 21st, ... of the luxurious Beverly Hilton Hotel. , Organized ... product placement in TV and film, this daylong event ...
    Breaking Medicine News(10 mins):Health News:Curly Hair Solutions Introduces New Revolutionary Product: Curl Keeper Beach Mist 2Health News:Visiopharm Closes Investment Round to Grow Diagnostic Digital Pathology Business 2Health News:Visiopharm Closes Investment Round to Grow Diagnostic Digital Pathology Business 3Health News:National Association of Professional Women Inducts Gloria Betancourt, Receptionist at Consulate Health Care, into its 2015-2016 VIP Woman of the Year Circle 2Health News:Thomopulos Appointed to Institute for Sustainable Infrastructure Board 2Health News:Per Wickstrom Interviews TV and Film Star Carolyn Hennesy About Substance Abuse and Treatment 2
    ... Blank Family,Foundation today announced it is awarding $100,000 ... Foundation to fund a,comprehensive study that will explore ... Georgia,s Pre-K enrollment rates have stalled at around ... In order to improve outcomes for,children, high quality ...
    ... WEST LAFAYETTE, Ind. - A Purdue University researcher is working ... way that more accurately reflects real-world situations. , "The traditional ... is to put them in a quiet room and ask ... see," said Karen Iler Kirk, a professor of speech, language ...
    ... Healthcare, AFL-CIO Secretary Treasurer Richard Trumka to Keynote Canadian, ... ... First Responders to Join Emotional September 11th Rally With a,Plea ... OAKLAND, Calif., Sept. 6 The California Nurses,Association/National Nurses ...
    ... Women,s ... Cancer Research Fund, MONTVALE, N.J., Sept. ... its all-new, eagerly-awaited 2008,C350 Sport Sedan to raise funds for Saks ... partnership with the Entertainment,Industry Foundation,s (EIF) Women,s Cancer Research Fund. As ...
    ... of Emergency Medicine will participate in a nationwide study ... increasingly common, antibiotic-resistant infection. , The objective of ... for otherwise healthy people who have MRSA, said David ... the School of Medicine and Hospital, who will lead ...
    ... & Diamonds: An Evening with Tim McGraw and Friends, ... Presented by Anheuser-Busch Companies, ... its third annual fundraising gala on Friday, Nov. 2 at ... St. Louis. Anheuser-Busch,Companies is sponsoring "Denim & Diamonds: An Evening ...
    Cached Medicine News:Health News:The Arthur M. Blank Family Foundation Pushes for Pre-K Expansion in Georgia 2Health News:Researcher developing new method for hearing loss assessment 2Health News:Hundreds of RNs from Across U.S. and World to Join California Nurses Association/NNOC National Convention 2Health News:Mercedes-Benz Special Edition C350 Sport Sedan to Raise $1 Million for Saks Fifth Avenue's KEY TO THE CURE 2Health News:Mercedes-Benz Special Edition C350 Sport Sedan to Raise $1 Million for Saks Fifth Avenue's KEY TO THE CURE 3Health News:Mercedes-Benz Special Edition C350 Sport Sedan to Raise $1 Million for Saks Fifth Avenue's KEY TO THE CURE 4Health News:Temple Emergency Medicine receives $1.8M to find best MRSA treatment 2Health News:Temple Emergency Medicine receives $1.8M to find best MRSA treatment 3Health News:The Tug McGraw Foundation Announces 2007 Fundraising Gala 2Health News:The Tug McGraw Foundation Announces 2007 Fundraising Gala 3Health News:The Tug McGraw Foundation Announces 2007 Fundraising Gala 4
    (Date:5/4/2015)... OAKS, Calif. , May 4, 2015  Amgen (NASDAQ: ... Annual Healthcare Conference at 8 a.m. ET on Thursday, May ... . Anthony C. Hooper , executive vice president of ... Live audio of the presentation can be accessed from the ... A replay of the webcast will also be available on ...
    (Date:5/4/2015)... May 4, 2015 Transportation Insight, a ... electronics distributor client, DSI Systems Inc., are featured ... magazine in the cover story emphasizing technology ... The editorial illustrates how Transportation Insight ... manage the growth and success of DSI,s complex ...
    (Date:5/4/2015)... DePuy Synthes CMF* today announced the launch ... available biosynthesized dural replacement derived from cellulose for use ... the DePuy Synthes Companies of Johnson & Johnson. ... and protects the brain and spinal cord. During neurosurgery, ... access the brain. A dural graft, which is either ...
    Breaking Medicine Technology:Amgen To Present At The Deutsche Bank 40th Annual Healthcare Conference 2Transportation Insight's Latest Enterprise Logistics Technology Highlighted in Inbound Logistics Magazine 2Transportation Insight's Latest Enterprise Logistics Technology Highlighted in Inbound Logistics Magazine 3DePuy Synthes CMF Launches First Biosynthesized Cellulose-Based Dural Replacement For Neurosurgery 2DePuy Synthes CMF Launches First Biosynthesized Cellulose-Based Dural Replacement For Neurosurgery 3
    BD Persist Plus protective barrier provides a one-step antimicrobial barrier with minimum of 1% chlorhexidine with Up to 7-day antimicrobial effectiveness....
    The design of the new ChloraPrep swabstick applicator provides significant improvement in performance over traditional swabsticks....
    ... Swabsticks are packaged in easy open, single-use ... saturated with precisely the correct amount of ... the safest possible product for the patient. ... an excellent combination of ethyl alcohol and ...
    ... provides 5% povidone-iodine solution ... It delivers a microbicidal ... tender to touch. It ... indicated whenever effective microbicidal ...
    Medicine Products: