ServiceMaster Global Holdings (SERV) Misses Q1 EPS by 4c; Reaffirms Outlook

ServiceMaster Global Holdings (NYSE: SERV) reported Q1 EPS of $0.34, $0.04 worse than the analyst estimate of $0.38. Revenue for the quarter came in at $643 million versus the consensus estimate of $638.67 million.

GUIDANCE:

ServiceMaster Global Holdings sees FY2017 revenue of $2.885-2.915 billion, versus the consensus of $2.9 billion

First Quarter 2017

• Revenue increased 6% to $643 million with 17% growth at AHS
• Net income of $39 million, or $0.29 per share, versus $39 million, or $0.28 per share, a year ago
• Adjusted EBITDA(1) increased 6% to $134 million from $127 million a year ago
• Adjusted net income(2) of $46 million, or $0.34 per share, versus $47 million, or $0.34 per share, a year ago

Full Year 2017

• Reaffirming Full Year outlook
• Revenue between $2,885 million and $2,915 million, or growth over prior year between 5% and 6%
• Adjusted EBITDA between $700 million and $715 million, or growth between 5% and 7% over prior year

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For earnings history and earnings-related data on ServiceMaster Global Holdings (SERV) click here.

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