Secret Site Map
Friday, April 24, 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

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