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Service Corporation International Announces Fourth Quarter 2008 Financial Results and Comments on Outlook for 2009

- Conference call on Thursday, February 26, 2009, at 9:00 a.m. Central Standard Time.

HOUSTON, Feb. 25 /PRNewswire-FirstCall/ -- Service Corporation International (NYSE: SCI), a leading provider of deathcare products and services, today reported results for the fourth quarter and fiscal year 2008 and provided its comments on its outlook for fiscal year 2009. Our consolidated financial statements can be found at the end of this press release. The table below summarizes our key financial results:

    (In millions, except for per share amounts)
                                      Three Months Ended Twelve Months Ended
                                           December 31,     December 31,
                                       ----------------  ------------------
                                        2008      2007      2008      2007
                                       ------    ------  --------  --------
    Revenues                           $517.0    $572.9  $2,155.6  $2,285.3
    Operating income                    $60.9     $89.9    $292.7    $346.2
    Net income                           $9.5    $166.8     $97.1    $247.7
    Diluted earnings
     per share                           $.04      $.60      $.37      $.85
    Earnings from continuing
     operations excluding
     special items (1)                  $22.1     $38.8    $134.2    $151.5
    Diluted earnings per share
     from continuing operations
     excluding  special items (1)        $.09      $.14      $.52      $.52
    Diluted weighted average
     shares outstanding                 254.3     276.8     260.4     290.4
    Net cash provided by operating
     activities                        $116.9     $27.6    $350.2    $356.2
    Net cash provided by operating
     activities excluding special
     items (1)            
SOURCE Service Corporation International
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