ServiceMaster raises FY18 revenue view to $1.89B-$1.9B
May not compare to consensus $2.37B. The company now expects full-year 2018 revenue to range from $1.89B-$1.9B, or an increase of seven to nine percent compared to 2017. The increase in revenue since the previously provided outlook primarily reflects improved performance of Terminix acquisitions. Organic revenue growth at Terminix remains on track to range between 1 and 2 percent for the full year. Full-year 2018 Adjusted EBITDA is anticipated to remain in the range of $425 million to $435 million, or an increase of two percent to four percent compared to 2017. Full-year 2018 Adjusted EBITDA guidance includes spin related dis-synergies. Adjusted EBITDA margins at Terminix remain on pace to be relatively flat for the full year, excluding acquisition impact and spin related dis-synergies.