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ServiceMaster Reports Q2 Beat

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ServiceMaster reported pre-market Monday Q2 results which were slightly better-than-expected and raised its full-year revenue guidance. Adjusted EPS was $0.69, up from last year’s $0.67, exceeding the Capital IQ consensus of $0.68. Revenues grew to $807 million from $747 million, just beating the mean estimate of $806.6 million provided by Capital IQ.

For the year, the company now expects revenues in the range of $2.90 billion – $2.92 billion, up from the previous range of $2.89 billion – $2.92 billion, reflecting higher growth at Terminix and American Home Shield. Adjusted EBITDA is now anticipated to be $675 million – $685 million, down from the originally expected $700 million – $715 million. Analysts are expecting FY17 revenues of $2.91 billion.