Visitations at SCI’s locations: June gave back May’s gains, Q2 finished down 4%

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Visitations at SCI’s locations: June gave back May’s gains, Q2 finished down 4%

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Service Corp.

Visitations at SCI’s locations: June gave

back May’s gains, Q2 finished down 4%

Maintain Rating: BUY | PO: 98.00 USD | Price: 78.37 USD

Q2 visits -4% y/y. CDC shows deaths tracking better in Q2 08 July 2026

Placer.ai data shows average daily visits at Service Corp. (SCI) locations declined -11% Equity

sequentially in June, in line with historical average. This comes after a strong m/m

growth in May. The data implies that for the quarter, visits declined -4% y/y in Q2, in Joanna Gajuk

line with the -4% y/y decline in Q1. On the backdrop demand, CDC data for April-May Research Analyst

BofAS

implies deaths declined 2.6% y/y, an improvement from -5% in 1Q26, which is in line to +1 646 855 3961

slightly better than SCI’s comments on Q2 volume expectations. We reiterate our Buy joanna.gajuk@bofa.com

rating: SCI remains a clean demographic growth story with no reimbursement risk and Kevin Fischbeck, CFA

Research Analyst

meaningful upside from capital deployment. BofAS

+1 646 855 5948

Visits/day -11% m/m in June, in line with historical trends kevin.fischbeck@bofa.com Joaquin Arriagada Martinez

The avg visitations per day decreased -11% m/m in June 2026, in line with the -11% Research Analyst

m/m average in 2017-19 (Exhibit 8). It comes after an above avg m/m growth in May. BofAS+1 646 855 1654

joaquin.arriagadamartinez@bofa.com

Q2 visits declined -4% y/y, in line with -4% y/y in Q1 Katie FitzGerald

Visitations declined -4.1% y/y in 2Q26, in line with the -4.0% y/y decline recorded in ResearchBofAS Analyst

1Q26. Of note, CDC shows deaths tracking better in Q2 compared to the Q1 drop, and +1 646 556 2930

katie.fitzgerald@bofa.com