Terminix Global Holdings Inc. (TMX) Tops Q3 EPS by 4c, Revenues Beat

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Go back to Terminix Global Holdings Inc. (TMX) Tops Q3 EPS by 4c, Revenues Beat

Terminix Reports Third-Quarter 2020 Revenue Growth of 10 Percent

November 5, 2020 7:00 AM EST

Delivered four percent organic revenue growth in both residential pest control and termite service lines Announced Mobile Bay Formosan termite settlement with Alabama Attorney General within previously communicated termite damage claim ringfence estimate Reported net loss of $7 million and net loss margin of 1.3%, a year-over-year decline of 680 basis points driven by the $49 million Mobile Bay Formosan termite settlement Delivered 19.2% Adjusted EBITDA margins, year-over-year improvement of 370 basis points Fourth-Quarter 2020 Terminix guidance of revenue between $445 and $460 million and Adjusted EBITDA between $60 and $70 million... More