MEMPHIS, Tenn. — ServiceMaster Global Holdings Inc. reported second-quarter net income of $67 million Tuesday, Aug. 4, compared with $40 million from the same quarter in 2014, Memphis Daily News reported.
The Memphis-based home and commercial services company’s unaudited second-quarter results also included revenue of $716 million, up 5 percent compared to the same quarter a year ago.
Second-quarter revenue for Terminix was $395 million, a 5 percent increase from $376 million in second quarter 2014
Terminix showed a 1.2 percent loss in pest control customers compared with a 0.6 percent loss a year ago, for a second-quarter retention rate of 79.3 percent. For termite and other services, it had an 85.4 percent retention rate and saw a 1.9 percent reduction in those services compared with a 2.8 percent loss a year ago.
Better sales of new services and price increases at Terminix were offset by lower demand for the company’s traditional termite services.
Source: Memphis Daily News
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