ServiceMaster Global Holdings (SERV) Tops Q3 EPS by 12c, Beats on Revenues; Reaffirms FY17 EPS Outlook
ServiceMaster Global Holdings (NYSE: SERV) reported Q3 EPS of $0.73, $0.12 better than the analyst estimate of $0.61. Revenue for the quarter came in at $797 million versus the consensus estimate of $795.37 million.
Full-Year 2017 Outlook
- Revenue guidance maintained between $2,900 million and $2,920 million
- Reflecting impact of hurricanes and on-going transformational initiatives at Terminix, Adjusted EBITDA now expected between $670 million and $675 million
Third-Quarter 2017 Results
- Revenue increased 5% to $797 million with 12% growth at American Home Shield
- Net income of $80 million, or $0.59 per share, versus $70 million, or $0.51 per share, a year ago
- Adjusted EBITDA(1) increased 4% to $200 million from $192 million a year ago
- Adjusted net income(2) of $99 million, or $0.73 per share, versus $81 million, or $0.59 per share, a year ago
- Continued strong cash flow conversion
GUIDANCE:
ServiceMaster Global Holdings sees Q4 2017 revenue of $2.9-2.92 billion, versus the consensus of $2.91 billion.
For earnings history and earnings-related data on ServiceMaster Global Holdings (SERV) click here.
