ServiceMaster Delivers Revenue Growth of 7 Percent in Third-Quarter 2019

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Go back to ServiceMaster Delivers Revenue Growth of 7 Percent in Third-Quarter 2019

ServiceMaster Global Holdings (SERV) Misses Q3 EPS by 1c, Revenues In-Line; Raises FY19 Revenue Guidance

November 5, 2019 7:12 AM EST

ServiceMaster Global Holdings (NYSE: SERV) reported Q3 EPS of $0.31, $0.01 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $528 million versus the consensus estimate of $528.26 million.

Terminix revenue increased 7 percent year-over-year, including 2 percent organicallyTerminix Commercial achieves strong retention gains of over 300bps Refinanced $600 million Term Loan on November 5, 2019, 75bps rate improvement Full-year 2019 guidance adjusted for recent acquisitions and third-quarter performanceTerminix organic revenue growth expected between 2.5 and 3 percentRevenue is expected to increase to between $2,070 and $2,085 millionAdjusted EBITDA expected between $415 and $425 million

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