Service Corporation International Announces Third Quarter 2009 Financi...(263002 OUTLOOK FOR REMAINDER OF 200...),Health

OUTLOOK FOR REMAINDER OF 2009 AND 2010

Our outlook for potential earnings and cash flow in the fourth quarter and full year of 2009 as well as fiscal 2010 is as follows:

                                     4th Qtr 2009   Updated 2009      2010
    (In millions except per share      Guidance      Guidance       Guidance
     amounts)                          --------      --------       --------
    Diluted earnings per share
     from continuing operations
     excluding special items (1)    $.09 to $.11   $.46 to $.48   $.45 to $.53
    Net cash provided by
     operating activities
     excluding special items (1)      $45 to $60   $350 to $365   $300 to $350
    Capital improvements at existing
     facilities and cemetery
     development expenditures        Approx. $20    Approx. $70     $85 to $95

(1) Diluted earnings per share from continuing operations excluding special items and net cash provided by operating activities excluding special items are non-GAAP financial measures. We normally reconcile these non-GAAP financial measures to diluted earnings per share and net cash provided by operating activities; however, these measures calculated in accordance with GAAP are not currently accessible on a forward-looking basis. Our updated outlook for 2009 and preliminary guidance for 2010 excludes the following because this information is not currently available: Gains or losses associated with asset dispositions, gains or losses associated with the early extinguishment of debt, potential tax reserve adjustments and/or potential cash tax payments, and potential costs associated with settlements of litigation or the recognition of receivables for insurance recoveries associated with litigation. The foregoing items, especially gains or losses associated with asset dispositions and tax adjustments, could materially impact our forward-looking diluted earnings per share and cash fl
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