Service Corporation International (NYSE: SCI) announced its board of directors has authorized an additional $472 million for share repurchases of its common stock. Combined with approximately $128 million remaining from the existing program, the company now has $600 million in total share repurchase authority.

The Houston-based company operates as the largest provider of deathcare products and services in North America. Service Corporation International owns and operates 1,487 funeral service locations and 503 cemeteries across 44 states, eight Canadian provinces, the District of Columbia, and Puerto Rico as of March 31, 2026.

The company serves approximately 700,000 families annually through its network of funeral, cemetery and cremation services. Its portfolio includes the Dignity Memorial brand, which provides funeral and cemetery services ranging from simple cremations to full life celebrations.

The expanded share repurchase authorization took effect immediately following the board's decision, according to the company's statement.