Adjusted EBITDA in the fourth quarter decreased by $6 million year-over-year, partially the result of absorbing $4 million in spin related dis-synergies, $3 million increased sales and marketing expense to drive continued growth, $5 million of selling and administrative expenses from acquisitions and $3 million in other investments in growth, including our partnership with Salesforce to replace legacy operating systems. These costs were partially offset by $14 million in flow-through from higher revenue. The company expects full year 2019 dis-synergies will impact Terminix by $16 million, or $11 million higher than the impact in 2018.
RICHMOND, Va. — Loyal Termite & Pest Control, Richmond, Va., recently was named winner of Richmond Magazine’s Reader’s Choice Award in the pest control services category.
This is the ninth consecutive year (2011-2019) that Loyal has received this recognition. Richmond Magazine is a popular community-based magazine.
In addition, Loyal has received the Angie’s List 2018 Super Service Award. Awarded to less than 3% of companies in each service category, Loyal has been a perennial winner (12 consecutive years) of this highly award.
Nick Lupini, president, and Gena Lupini, vice-president pest management services, are especially proud of these awards because they are a result of: (1) the professionalism and dedication of every Loyal employee, and (2), the positive feedback from Loyal’s customers. In the case of Angie’s List, the responses are in the form of submitted positive reviews. The Richmond Magazine award winners are determined by a lengthy, annual, voting survey.