ServiceMaster Delivers Strong Revenue Growth of 8 Percent in Second-Quarter 2019; Terminix Delivers 4 Percent Organic Growth
SERVICEMASTER GLOBAL HOLDINGS (SERV)
Last servicemaster global holdings earnings: 2/27 07:00 am
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Source: Business Wire
Terminix revenue increased 10 percent year-over-year, including 4 percent organicallyOrganic growth of 2 percent in commercial pest control, best organic growth in three years Terminix delivered customer retention improvement across all revenue channels Full-year 2019 revenue guidance increased to between $2,045 and $2,060 million Adjusted EBITDA guidance affirmed for full-year 2019 MEMPHIS, Tenn.--(BUSINESS WIRE)--ServiceMaster Global Holdings, Inc. (NYSE: SERV), a leading provider of essential services to residential and commercial customers in the termite, pest control, cleaning and restoration markets, today announced unaudited second-quarter 2019 results.For the quarter ended June 30, 2019, the company reported a year-over-year revenue increase of 8 percent to $560 million with net income of $59 million, or $0.43 per share. Adjusted EBITDA(1) for the quarter was $131 million, versus $125 million for the same period in 2018. Adjusted net income(2) was $68 million, or $0.50 per
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