ServiceMaster Global Holdings (SERV) Tops Q4 EPS by 3c, Revenues Beat; Offers FY20 Revenue Guidance Below Consensus

ServiceMaster Global Holdings (NYSE: SERV) reported Q4 EPS of $0.22, $0.03 better than the analyst estimate of $0.19. Revenue for the quarter came in at $507 million versus the consensus estimate of $506.64 million.

“Both the Terminix and ServiceMaster Brands segments delivered strong progress against our 2019 strategic initiatives,” said ServiceMaster Chairman and interim CEO Naren Gursahaney. “As we announced in January, we are conducting a strategic review of our ServiceMaster Brands business, including a possible sale of the business. This decision reflects our emphasis on driving long-term shareholder value.”

“At Terminix, solid full-year gains in net promoter scores and retention led to 2.6 percent organic revenue growth, meeting increased guidance estimates. We are continuing our progress transforming the Terminix business, and improved prioritization and alignment across the business on our key strategic priorities will drive continued retention improvements and margin expansion in 2020. We remain laser-focused on the termite business, including the execution of our termite damage claims mitigation program that will better protect our customers and manage our risks. I am encouraged by our progress and remain convinced we are on the right path towards delivering sustainable, profitable growth at or above industry levels.”

GUIDANCE:

ServiceMaster Global Holdings sees FY2020 revenue of $1.98-2 billion, versus the consensus of $2.23 billion.

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

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