Secret Site Map
Tuesday, April 21, 2015

Home News ServiceMaster Reports 'Modest' Q1 Growth

ServiceMaster Reports 'Modest' Q1 Growth

News Coverage

The parent company of Terminix reported increased first quarter 2011 revenues of $615 million, up 5.9 percent from the first quarter of 2010.

| May 27, 2011

 
Months after Memphis-based The ServiceMaster Co. sold off its TruGreen LandCare subsidiary, the new ServiceMaster CEO said TruGreen lawn services has to improve its performance for investors and for clients of the lawn maintenance service, according to an article in the Memphis Daily News.

ServiceMaster CEO Hank Mullany was blunt about what he considers TruGreen’s poor performance as well as plans for expanding ServiceMaster’s reach.

“These results simply aren’t acceptable,” Mullany told investors and analysts Wednesday, May 25, on a first quarter financial results conference call.

The ServiceMaster Co. reported increased first quarter 2011 revenues of $615 million, up 5.9 percent from the first quarter of 2010.

The company’s first quarter earnings call Wednesday was the first since Mullany became CEO in April.

Interim Chief Financial Officer David Martin termed the results “modest growth in revenue and operating performance” for a quarter that is traditionally “the least important reporting period” for the company.

Source: Memphis Daily News

Top news

Terminix Acquires Team Too Termite & Pest Control

Team Too, headquartered in Corona, Calif., has five offices throughout California and specializes in commercial and multi-family accounts.

Termidor SC Can Now Be Applied Up to Four Times Per Year

BASF announced the approval of new label use directions by Environmental Protection Agency (EPA) that allow Termidor SC termiticide/insecticide to be used up to four times per year.

Missy Henriksen, PPMA Executive Director, Resigns

The trade association veteran is headed to an allied industry: the National Association of Landscape Professionals. There she’ll be charged with creating the equivalent of the Professional Pest Management Alliance for landscape industry professionals.

Tick-Borne 'Bourbon Virus' Cause of Kansas Man's Death

Researchers have identified the cause of a Kansas farmer's mysterious death last summer.

Gene White Named Rentokil NA Technical Director

White, who joined Rentokil in May 2013, is now responsible for technical support for North America, including Canada and Mexico.

x