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
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