ServiceMaster misses by $0.02, beats on revs; guides FY19 revs above consensus; approved a three-year extension allowing up to $150 million of repurchases through February 2022
- Reports Q4 (Dec) earnings of $0.19 per share, excluding non-recurring items, $0.02 worse than the S&P Capital IQ Consensus of $0.21; revenues rose 11.7% year/year to $457 mln vs the $446.35 mln S&P Capital IQ Consensus.
- Co issues upside guidance for FY19, sees FY19 revs of $2.02-2.05 bln vs. $1.98 bln S&P Capital IQ Consensus. Full-year 2019 Adjusted EBITDA is anticipated between $435 million and $445 million.
- On February 19, 2019, the ServiceMaster Board of Directors approved a three-year extension allowing up to $150 million of repurchases through February 2022.
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