Secret Site Map
Sunday, November 23, 2014

Home News Terminix Reports Q4 Revenues

Terminix Reports Q4 Revenues

Business

Terminix reported fourth-quarter operating revenue of $274 million, an increase of 2.3 percent over fourth-quarter 2010 results.

| March 2, 2012

The ServiceMaster Company, parent company of Terminix, reported fourth quarter results.

Terminix reported fourth-quarter operating revenue of $274 million, an increase of 2.3 percent over fourth-quarter 2010 results. The growth in operating revenue was primarily driven by pest control, which reflects a 6.4 percent increase in pest control customer counts and a 1 percent increase in average annual account value. The increase in pest control customer counts was driven by an increase in new unit sales, acquisitions and a 70 basis point increase in the customer retention rate. Operating revenue was impacted by a 1 percent decline in termite renewal customer counts, which was partially offset by an increase in average price. The decline in termite customer counts was driven by a decrease in new unit sales, partially offset by a 10 basis point increase in the customer retention rate.

Fourth-quarter operating performance was $69 million, an increase of 29 percent compared to fourth-quarter 2010 results. The improvement was primarily due to the impact of higher revenue, branch labor efficiencies, lower termite damage claims and other cost reductions realized through ongoing initiatives and lower legal-related expenses. This improvement was partially offset by higher fuel prices.

Click here to view the entire report.

Top news

Bed Bugs Can Transmit Parasite that Causes Chagas Disease

A new study from Penn Medicine researchers in the Center for Clinical Epidemiology and Biostatistics demonstrated that bed bugs, like the triatomines, can transmit Trypanosoma cruzi, the parasite that causes Chagas disease.

Allergy Technologies Offers Free Liner Trial Program to PMPs

The program enables pest management professionals (PMPs) to evaluate ActiveGuard Mattress Liners in real world applications.

PCO Caldwell in Country Gospel Music Video

Ronnie Caldwell, president of Innovative Pest Management, Denver, N.C., is one of the stars of the new Bruce Hedrick video 'A Better Man.'

Mosquito-Borne Chikungunya Detected in Mexico

The country has detected its first domestic case of the painful mosquito-borne viral disease chikungunya in the southwest of the country, the state government of Chiapas said on Saturday.

Temp-Air Announces Thermal Remediation Bed Bug National Conference

The company’s 1st Bi-Annual Thermal Remediation Bed Bug National Conference will be held March 8-10, 2015 in Grapevine, Texas.

x