Secret Site Map
Monday, April 27, 2015

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

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.

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.

ESA Announces New ACEs and BCEs for March/April 2015

The Entomological Society of America announced that 22 industry professionals recently earned BCE or ACE credentials.

Cleveland Association Recognizes Hank Althaus with Tom Evans Award

The Greater Cleveland Pest Control Association (GCPCA) recognized Hank Althaus, president of Cincinnati-based Scherzinger Pest Control, with the Tom Evans Award at the association's annual awards banquet.

Loyal Termite & Pest Control Wins 'Reader's Choice' Award

The company was recognized by Richmond Magazine for the fifth straight year.

x