Secret Site Map
Wednesday, April 16, 2014

Home News ServiceMaster Reports Third Quarter Results

ServiceMaster Reports Third Quarter Results

News Coverage

Terminix reported 4% growth in pest control customers as of September 2012.

| November 21, 2012

MEMPHIS — ServiceMaster reported a third-quarter operating loss of $724 million, as the weak performance of its TruGreen subsidiary continued to drag on results. The loss included goodwill and trade name impairment charges of $845 million, the company said.

Third-quarter revenues were $901 million, down 3.2 percent compared to the year-earlier period.

Excluding TruGreen, ServiceMaster's operating revenue rose 4.2 percent and operating performance was up 6.9 percent. Terminix reported 4% growth in pest control customers as OF September 2012.

Terminix's Results

As of Sept 2012

As of Sept 2011

Growth in Pest Control Customers

4.0%

3.0%

Pest Control Customer Retention Rate

80.0%

80.5%

Reduction in Termite Customers

(1.2)%

(0.8)%

Termite Customer Retention Rate

85.9%

86.3%

 

Source: The ServiceMaster Company Investor Conferece Call, Nov. 14, 2012

Top news

More Mazdas Recalled Due to Spider Problem

The latest recall involves 42,000 Mazda6 midsize sedans from the 2010-12 model years, and equipped with the 2.5-liter, four-cylinder engine.

Photos: Bed Bugs vs. Bat Bugs

Additional photos from Dr. Michael Potter for the August PCT feature 'Holy Cow...Bat Bugs and Bird Bugs.'

Win a Copy of the New PCT Commercial Pest Management Book

Enter your name for a chance to win a copy of this new industry resource focused on treating a variety of commercial accounts.

Allgood Announces Corporate Promotions; Acquisition of Rich Exterminators

The company’s promotions are part of its strategic growth plans. Rich Exterminators is a Lawrenceville, Ga.-based company founded by Howard Rich in 1989.

A Look at Bed Bug Look-Alikes

The IPM Institute of North America has a review of five commonly encountered pests, including bat bugs (pictured), that can be misidentified as bed bugs.