This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Service Corporation International's CEO Presents At Bank Of America Merrill Lynch Health Care Conference (Transcript)

Service Corporation International (SCI)

Bank of America Merrill Lynch Health Care Conference Call

May 15, 2012 8:00 pm ET


Thomas L. Ryan – President and Chief Executive Officer

Eric D. Tanzberger – Senior Vice President, Chief Financial Officer, and Treasurer


Robert Willoughby – Bank of America/Merrill Lynch


[Call Starts Abruptly]

The leading death care services provider. We toured its flagship property here in Las Vegas yesterday and are impressed. They just bought the dominant provider in this market positioned to grow ahead of the market in the coming years. Here to present for the Company is Tom Ryan. He is President and Chief Executive Officer. He is joined on the podium by Eric Tanzberger who is the Chief Financial Officer.

Thomas L. Ryan

Thank you, Bob, and thank you Bank of America for inviting us back again this year. For those of you listening on the call, we’ll direct you to the appropriate slides. I’ll take you straight to slide four. SCI at a glance. This just gives you an idea of the industry itself and kind of our position in the industry. We are the largest, as Bob mentioned, in North America in the funeral and cemetery business. We’ve got just over 1800 locations and from a market cap perspective are just about $2.5 billion.

Translated into revenues, you can see we’re about a 13% share as we can define it in North America, which is about $2.3 billion in revenue. One of the attributes about this industry that I think is compiling is the predictability of it. And one of the reasons it’s predictable is our ability to deferred revenues. These are very sales oriented organizations in our industry and we now approach $7 billion in backlog, and this represents just over three times our annual revenues. So again a predictable revenue stream, very predictable cash flow stream, and these are primarily supported by cash in state regulated trust funds that we have management oversight for.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs