ServiceMaster Global Holdings (SERV) Tops Q2 EPS by 5c, Revenues Beat; Offers 3Q Revenue Guidance Above Consensus
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ServiceMaster Delivers Second-Quarter 2020 Revenue Growth of 8 Percent, Net Income of $53 million, and Adjusted EBITDA of $119 million, up 15%
August 6, 2020 7:00 AM EDTTerminix residential organic revenue growth of three percent, including seven percent organic growth in termite ServiceMaster net income of $53 million and net income margin of 9.9% Terminix delivered 23.3% Adjusted EBITDA margins, year-over-year improvement of 190 basis points Strong free cash flow generation increased cash to $302 million with $677 million in total liquidity Third-Quarter 2020 continuing operations guidance: Revenue expected between $495 and $515 million Adjusted EBITDA expected between $80 and $90 million
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