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View Full Version : Service Master has taken a hit


Steve
10-12-2006, 04:03 PM
Have the same things that have effected Service Master's profits this quarter, effected your business as well?

ServiceMaster net falls short (http://www.chicagotribune.com/business/chi-0610120214oct12,0,4981597.story?coll=chi-business-hed) - ServiceMaster Co., owner of lawn-care business TruGreen ChemLawn and Terminix pest-control service, said Wednesday that third-quarter profit fell below company forecasts because of hot weather. The Downers Grove-based company estimated that income from continuing operations fell to 20 cents to 21 cents a share from 23 cents a share a year earlier. It will release its final results Nov. 1.

Hot, dry weather brought more service calls for TruGreen ChemLawn, increasing costs for the nation's largest lawn-care business. The dry conditions also resulted in smaller-than-average termite swarms, which reduced demand for Terminix's services. Shares fell 54 cents, or 4.7 percent, to $10.91, on the New York Stock Exchange.

tiedeman
10-13-2006, 07:14 PM
I didn't know that Terminix was part of them as well.

Wow! They have the whole area wrapped up just about.

Steve
10-16-2006, 12:52 PM
And yet still their profits were down.