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SCI.
Last seen on: USA Today Crossword – Jul 29 2022
Random information on the term “SCI”:
Service Corporation International is an American provider of funeral goods and services as well as cemetery property and services. It is headquartered in Neartown, Houston, Texas. SCI operates more than 1500 funeral homes and 400 cemeteries.
Robert L. Waltrip founded the company in 1962. SCI began as a small network of funeral homes and cemeteries in the Houston area.
SCI, Alderwoods Group, and Stewart Enterprises emerged from the 1990s as the three largest companies in the industry. On December 31, 1999, SCI owned and operated 3,823 funeral service locations, 525 cemeteries, 198 crematoria and two insurance operations located in 20 countries on five continents.
In 1999, SCI also introduced Dignity Memorial. By unifying its network of funeral homes and cemeteries under one brand name, SCI believed it could establish recognizable and communicable brand values.
Between 2002 and 2006, SCI reduced its net debt (total debt minus cash) by more than US$1.0 billion, increased operating cash flow, and simplified its field management organization to enhance efficiency, performance, and accountability. It also changed business and sales processes, tightened internal controls following the protocols, strengthened corporate governance standards, and established a new training and development system. For its shareholders, SCI returned value through more than US$335 million in share repurchases and it resumed payment of a regular quarterly dividend in early 2005, the first since 1999.