Secret Site Map
Wednesday, April 01, 2015

Home News ServiceMaster’s Q3 Revenues Up 1.3 Percent

ServiceMaster’s Q3 Revenues Up 1.3 Percent

News Coverage

The parent company of Terminix reported Q3 revenue of $930.9 million, up from $919 million in Q3 2010.

| November 18, 2011

MEMPHIS, Tenn. — ServiceMaster, parent company of Terminix, reported Q3 revenue of $930.9 million, up from $919 million in Q3 2010.

In an article in The Daily Times, ServiceMaster CEO Hank Mullany said the company is focusing on three strategies. "No. 1, growth. We want to be a rapidly growing, best-in-class service provider. Our second strategy involves talent evaluation and development. Third, we’re developing what I like to call a culture of executional excellence. As I’ve said before, underlying all of our efforts is our mission – to simplify and improve our customers’ lives.”

ServiceMaster serves 8.2 million customers a year in 22 countries, via 6,900 facilities and 24,000 associates, plus another 31,000 employed by ServiceMaster franchises.

Among its other Q3 results, the company reported its cost of services rendered and products sold at $517.8 million for Q3, compared to $505.3 million for the same period in 2010. Those costs increased as a percentage of revenue partly because of increased contract claims costs at American Home Shield, the impact of higher fertilizer prices at TruGreen and the $3 million impact of increased fuel prices.

Selling and administrative expenses were $245.9 million for Q3, down from $260.5 million for Q3 2010. That drop is partly the result of reduced sales and marketing spending at TruGreen, a $3.5 million drop in legal-related expenses at American Home Shield, reduced spending in the company’s headquarters functions, a $3.3 million drop in certain executive transition charges, a $2.1 million drop in provisions for incentive compensation and a $2.3 million drop in other compensation charges.

Source: The Daily Times

Top news

Pair of Destructive Termites Create New Hybrid Colonies

Two of the most destructive termite species in the world are now swarming simultaneously in South Florida, creating hybrid colonies that grow quickly and have the potential to migrate to other states.

Truly Nolen Promotes Scarlett Nolen

Scarlett Nolen, daughter of Truly Nolen, has been promoted to coaching and retention coordinator.

UF/IFAS Grad Student Wins Prize for Mosquito Trap Research

Casey Parker recently won the ONE WORLD competition, organized by the UF College of Agricultural and Life Sciences Challenge 2050 Project in conjunction with the Syngenta Good Growth Plan.

California Cities Top List of Terminix's 20 Most Termite-Ridden Cities

Terminix released its annual ranking of the most termite-infested cities in the country. Cities in California and Texas dominated the list, earning six of the top 10 spots.

Newly Published Book Explores History of Bed Bugs

Science journalist Brooke Borel has penned ‘Infested: How the Bed Bug Infiltrated Our Bedrooms and Took Over the World,’ a look at the biological and cultural histories of these amazingly adaptive insects.

x