ServiceMaster Global Holdings (NYSE: SERV) reported Q3 EPS of $0.67, $0.10 worse than the analyst estimate of $0.77. Revenue for the quarter came in at $873 million versus the consensus estimate of $864.68 million.

“We are pleased to see our transformation efforts begin to show up in Terminix growth, with 7.8 percent organic growth in residential pest and 2.6 percent overall organic Terminix revenue growth,” said ServiceMaster Chief Executive Officer Nik Varty. “The residential pest transformation began last October with a focus on enhancing the customer experience and driving operational improvements in start rates, completion rates and customer engagement. We still have significantly more to do in terms of improving the 50,000 customer experiences we deliver every day, which will ultimately drive improvements in our customer retention rates. As promised, we continue to invest with discipline in technology, talent, training, marketing and the ability of our field operations to better serve our customers. We have also now expanded the focus of our transformation efforts on our termite and commercial pest service lines. We have successfully integrated our Terminix Commercial national accounts with Copesan, and we continue to leverage their service and delivery capabilities as we expand our presence in this important market segment to enable future growth. Our restoration and cleaning businesses continue to drive growth, with strong gains in commercial disaster and fire restoration programs at ServiceMaster Restore and 15 percent growth in janitorial national accounts at ServiceMaster Clean. We continue to explore opportunities to expand our brands in markets that are showing high growth profiles such as healthcare cleaning and national accounts.”

“I would also like to recognize the hard work of many in the successful and timely completion of the spin-off of the American Home Shield business.”

GUIDANCE:

ServiceMaster Global Holdings sees FY2018 revenue of $1.885-1.9 billion, versus the consensus of $2.37 billion.

For earnings history and earnings-related data on ServiceMaster Global Holdings (SERV) click here.