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Service Corporation's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Service Corporation International (SCI)

Q2 2012 Earnings Call

July 26, 2012, 10:00 a.m. ET


Debbie Young – Director, IR

Thomas Ryan – President and CEO

Eric Tanzberger – CFO, SVP and Treasurer


A.J. Rice – UBS

Robert Willoughby – Bank of America Merrill Lynch

Clint Fendley – Davenport & Company

Chris Rigg – Susquehanna Financial Group

Nick Jansen – Raymond James & Associates, Inc.

Duncan Brown – Wells Fargo Securities



Hello, and welcome to the Q2 2012 Service Corporation International Earnings Conference Call. My name is Maisha and I’ll be your operator for today’s call. (Operator Instructions)

I would now like to turn the call over to the SCI senior management. You may begin.

Debbie Young

Hi and good morning. This is Debbie Young, Director of Investor Relations for SCI. Thanks for joining us today as we talk about our second quarter results. Our comments today will make statements that are not historical fact and are forward-looking. These statements are based on assumptions that we believe are reasonable, however there are many important factors that could cause our actual results in the future to differ materially from these forward-looking statements. For more information related to these statements and other risk factors, please see our filings with the SEC that are available on our website.

Also, today on the call, we will use the terms “normalized EPS,” “adjusted operating cash flow and “[inaudible] cash flow,” all of which are non-GAAP financial terms. For reconciliation of these terms to the appropriate measures calculated in accordance with GAAP, please see our press release [inaudible] yesterday. We have also posted a presentation on our website containing each of these non-GAAP reconciliations, and you can find that presentation on our website under the subheading “webcasts and presentations.” With that, we’ll begin with remarks from Tom Ryan, SCI’s president and CEO.

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