ServiceMaster Delivers Solid First-Quarter 2019 Results with Revenue Growth of 13 Percent
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ServiceMaster Global Holdings (SERV) Tops Q1 EPS by 2c, Revenues Beat; Affirms FY19 Revenue Outlook
May 7, 2019 7:05 AM EDTServiceMaster Global Holdings (NYSE: SERV) reported Q1 EPS of $0.33, $0.02 better than the analyst estimate of $0.31. Revenue for the quarter came in at $482 million versus the consensus estimate of $473.14 million.
Terminix revenue increased 14 percent year-over-year, including 3 percent organicallyServiceMaster Brands revenue increased 5 percent year-over-yearServiceMaster net income of $70 million included a $40 million tax-free realized gain on investment in frontdoor, inc.Successful monetization of remaining frontdoor, inc. shares drove $484 million in net debt reductionGuidance affirmed for full-year 2019 revenue, Adjusted EBITDA, and organic... More