ServiceMaster Global Holdings (SERV) Misses Q1 EPS by 4c; Reaffirms Outlook
ServiceMaster Global Holdings (NYSE: SERV) reported Q1 EPS of $0.34, $0.04 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $643 million versus the consensus estimate of $638.67 million.
GUIDANCE:
ServiceMaster Global Holdings sees FY2017 revenue of $2.885-2.915 billion, versus the consensus of $2.9 billion
First Quarter 2017
- Revenue increased 6% to $643 million with 17% growth at AHS
- Net income of $39 million, or $0.29 per share, versus $39 million, or $0.28 per share, a year ago
- Adjusted EBITDA(1) increased 6% to $134 million from $127 million a year ago
- Adjusted net income(2) of $46 million, or $0.34 per share, versus $47 million, or $0.34 per share, a year ago
Full Year 2017
- Reaffirming Full Year outlook
- Revenue between $2,885 million and $2,915 million, or growth over prior year between 5% and 6%
- Adjusted EBITDA between $700 million and $715 million, or growth between 5% and 7% over prior year
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For earnings history and earnings-related data on ServiceMaster Global Holdings (SERV) click here.
