ServiceMaster Global Holdings (SERV) Tops Q3 EPS by 12c, Beats on Revenues; Reaffirms FY17 EPS Outlook

ServiceMaster Global Holdings (NYSE: SERV) reported Q3 EPS of $0.73, $0.12 better than the analyst estimate of $0.61. Revenue for the quarter came in at $797 million versus the consensus estimate of $795.37 million.

Full-Year 2017 Outlook

• Revenue guidance maintained between $2,900 million and $2,920 million
• Reflecting impact of hurricanes and on-going transformational initiatives at Terminix, Adjusted EBITDA now expected between $670 million and $675 million

Third-Quarter 2017 Results

• Revenue increased 5% to $797 million with 12% growth at American Home Shield
• Net income of $80 million, or $0.59 per share, versus $70 million, or $0.51 per share, a year ago
• Adjusted EBITDA(1) increased 4% to $200 million from $192 million a year ago
• Adjusted net income(2) of $99 million, or $0.73 per share, versus $81 million, or $0.59 per share, a year ago
• Continued strong cash flow conversion

GUIDANCE:

ServiceMaster Global Holdings sees Q4 2017 revenue of $2.9-2.92 billion, versus the consensus of $2.91 billion.

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

You May Also Be Interested In

• Korn Ferry (KFY) Tops Q4 EPS by 2c, Beats on Revenue; Offers Q1 Guidance
• Bernstein SocGen Group Reiterates Outperform Rating on Hermes International (RMS:FP) (HESAY) after cautious commentary
• Bernstein SocGen Reiterates Outperform Rating on Fervo Energy (FRVO)