Terminix was one of four large enterprises nominated, and the award was chosen by the attendees at the conference. Year-to-date free cash flow was $199 million, with a free cash flow conversion rate(5) of 63 percent. Cash Flows from Operating Activities from Continuing Operations: Adjustments to reconcile net income to net cash provided from operating activities: Amortization of lease right-of-use assets, Payments for restructuring and other charges. Written by ServiceMaster Global Holdings, Inc. is a leading provider of termite and pest control, cleaning and restoration services in both the residential and commercial markets, operating through an extensive service network of more than 8,000 company-owned locations and franchise and license agreements. Regulatory news - Rentokil Initial plc 2022 Q4 Vroom Announces Fourth Quarter and Full Year 2022 Results Q4 2022 Earnings Presentation Form 10-K Q3 Vroom Announces Record Ecommerce Gross Profit Per Unit of $4,206 Q3 2022 Earnings Presentation Form 10-Q Q2 teammate can. Headquartered in Memphis, Tenn., with more than 11,400 teammates and 2.9 million customers in 24 countries and territories, the Company visits more than 50,000 homes and businesses every day. The Terminix International Company Limited Partnership. Element announced a five-year agreement with Rentokil Terminix, the North American division of Rentokil Initial plc, to provide services and financing to its 21,000+ vehicle fleet in the U.S. . To opt-in for email alerts, please enter your email address in the field below and select at least one alert option. Forward-looking statements are based upon current plans, estimates and expectations that are subject to risks, uncertainties and assumptions. See non-GAAP reconciliations below in this press release for a reconciliation of these measures to the most directly comparable GAAP financial measures. Our 24/7 customer service and 11,400 team members around the world transform the The call will be available for replay until December 2, 2021. The Company assumes no obligation to update the information contained herein, which speaks only as of the date hereof. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges. Q1 . Terminix to Announce First-Quarter 2022 Results - Business Wire The information included on, or accessible through, Rentokil Initials or Terminixs website is not incorporated by reference into this communication. Organic revenue is expected to remain between three and four percent. Sales of products and other revenue growth was 11 percent due to increased chemical demand as we lap the impacts of COVID-19 on the three months ended September 30, 2020. ServiceMaster Global Holdings to Become Terminix Global Holdings Forward-looking statements can be identified by the use of forward-looking terms such as believes, expects, may, will, shall, should, would, could, seeks, aims, projects, is optimistic, intends, plans, estimates, anticipates or other comparable terms. Find out more about our 2022 activities in this report. Adjusted EBITDA, Adjusted Net Income, Adjusted earnings per share, free cash flow, free cash flow conversion rate, organic revenue growth and net debt leverage ratio are not measurements of the Companys financial performance under GAAP and should not be considered as an alternative to net income (loss), net cash provided by operating activities from continuing operations or any other performance or liquidity measures derived in accordance with GAAP. This press release contains certain non-GAAP financial measures. The Company provides pest management services and protection against termites, mosquitoes, rodents and other pests. live up to our Code of Ethics and Business Conduct, To participate via webcast and view the presentation, visit the companys investor relations home page at investors.terminix.com. Invest in a resilient business with a proven track record, commitment to service and deep industry Items per page. Jesse.Jenkins@terminix.com, Media: The Company provides pest management services and protection against termites, mosquitoes, rodents and other pests. 0001193125-23-168444.rtf. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Rentokil Initial has also filed a shareholder proxy circular in connection with the Transaction with applicable securities regulators in the United Kingdom and the shareholder proxy circular was first sent to Rentokil Initials shareholders on or about September 8, 2022. These documents can be obtained free of charge from the sources indicated above. (3) Free cash flow is defined as net cash provided from operating activities from continuing operations less property additions. The combination of these initiatives into 2022 will unlock the selling capabilities of our technician base to deliver better lead generation, customer retention, an improved customer experience and a better teammate experience. Additional Information About The Transaction And Where To Find It. Residential pest management revenue growth was three percent, reflecting organic revenue growth of one percent. Non-cash stock-based compensation expense, Investor Relations: The company invites all interested parties to join Chief Executive Officer Brett Ponton, Executive Vice President and Chief Financial Officer Bob Riesbeck, and Vice President of Investor Relations, FP&A and Treasurer Jesse Jenkins for an update on the company's operational performance and financial results for the third quarter ended September 30, 2021. Direct cost productivity reduced expenses $4 million year-over-year, driven by lower chemical costs, improvements in fleet management, lower fuel prices, primarily related to favorable fuel hedge rates, and productivity from the insourcing of certain national accounts customers. MEMPHIS, Tenn.--(BUSINESS WIRE)-- This recognition by the conference attendees is very well-deserved!, When the AWS team learned Terminix wanted to start fresh in the cloud, we offered some of our newest services. Vice President, Investor Relations 416-646-5698 mbarrett@elementcorp.com. (1) Adjusted EBITDA is defined as net income (loss) before: depreciation and amortization expense; acquisition-related costs; Mobile Bay Formosan termite settlement; fumigation related matters; non-cash stock-based compensation expense; restructuring and other charges; goodwill impairment; amortization of cloud based software; net earnings from discontinued operations; provision for income taxes; loss on extinguishment of debt; and interest expense. The Innovation in the Enterprise Award was granted to the Terminix and AWS partnership for their collaboration in refining products for cloud security to address the strategic area of cybersecurity. Jesse.Jenkins@terminix.com, Media: Jesse.Jenkins@servicemaster.com, Media: This isnt a complete document that addresses every ethical issue A slide presentation highlighting the companys results will also be available. Element Announces Largest Win Since its Pivot to Growth The Boards of Directors of both Terminix and Rentokil Initial have unanimously approved the deal and resolved to recommend that their respective shareholders vote in favour of it. We create and offer innovative pest management solutions and services for homes You can sign up for additional alert options at any time. (5) Free cash flow conversion rate is defined as free cash flow divided by Adjusted EBITDA. An outline of what we do through descriptions of our businesses, markets, growth opportunities and initiatives. Consolidated Statements of Operations and Comprehensive Income, Cost of services rendered and products sold, Net earnings from discontinued operations, Weighted-average common shares outstanding - Basic, Weighted-average common shares outstanding - Diluted, Consolidated Statements of Financial Position, Receivables, less allowances of $31 and $25, respectively, Intangible assets, primarily trade names, service marks and trademarks, net, Other long-term obligations, primarily self-insured claims, Common stock $0.01 par value (authorized 2,000,000,000 shares with 148,948,815 shares issued and 121,568,176 outstanding at September 30, 2021 and 148,400,384 shares issued and 132,080,845 shares outstanding at December 31, 2020), Less common stock held in treasury, at cost (27,380,639 shares at September 30, 2021 and 16,319,539 shares at December 31, 2020), Total Liabilities and Stockholders' Equity, Cash and Cash Equivalents and Restricted Cash at Beginning of Period. Whether an experienced professional or recent graduate, your work matters here. Protecting People. James.Robinson@terminix.com, For investor relations inquiries or shareholder services please visit: https://www.rentokil-initial.com/investors.aspx. The Greater Memphis IT Council is proud to have hosted the 2nd Annual Innovate IT Awards ceremony as part of its INNOVATE IT 2021 Conference, said Regina Whitley, executive director of the Greater Memphis IT Council. To help our teammates live up to our Code of Ethics and Business Conduct, Terminix has devoted resources responsible for overseeing the implementation of, and compliance with, our standards and policies. Create your Watchlist to save your favorite quotes on Nasdaq.com. Samantha Ouimet Vice President, Communications 416-417-1272 nboeck . Organic revenue decline of one percent was driven by a reduction in completed recurring and one-time services as a result of staffing shortages during the insourcing of certain national accounts customers. Terminix Global Holdings Inc (TMX) Q3 2021 Earnings Call Transcript Participants in the Solicitation of Proxies. Jesse.Jenkins@terminix.com, Media: Financial information and disclosures from Terminix Global Holdings can still be found at investors.terminix.com until further notice. Providing industry-leading essential services to tens of thousands of homes and businesses every day. Register for email alerts. by ensuring the spaces and moments where life happens are free of worry and full of joy. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. All rights reserved. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://data.fca.org.uk/#/nsm/nationalstoragemechanism. The deal values the entire share capital of Terminix at $6.7 billion, implying a value of $55.00 per share of Terminix common stock. The deal values the entire. MEMPHIS, Tenn.-- ( BUSINESS WIRE )--Terminix Global Holdings, Inc. (NYSE: TMX), a leading provider of essential termite and pest management services to residential and commercial customers, today. Additionally, the conference call will be available via webcast. Jesse Jenkins These declines more than offset continued growth internationally, including favorable foreign currency fluctuations of approximately $1 million. Shareholder FAQs; Tax information: Terminix; Rentokil Initial ADR Programme . _______________________________________________. Headquartered in Memphis, Tenn., with more than 11,500 teammates and 2.9 million customers in 24 countries and territories, the Company visits more than 50,000 homes and businesses every day. The Terminix leadership team is committed to living up to high standards of ethical behavior. Third-Quarter 2021 Earnings Conference Call. Information about how we govern the company including details of key committees. We caution you that forward-looking statements are not guarantees of future performance or outcomes and that actual performance and outcomes, including, without limitation, our actual results of operations, financial condition and liquidity, and the development of the market segments in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control, including, without limitation, the risks and uncertainties discussed in the Risk Factors and Information Regarding Forward-Looking Statements sections in the Companys reports filed with the U.S. Securities and Exchange Commission. PDF Fourth-Quarter and Full-Year 2021 Earnings Webcast Additionally, the conference call will be available via webcast. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. We can give no assurance that such plans, estimates or expectations will be achieved and therefore, actual results may differ materially from any plans, estimates or expectations in such forward-looking statements. Termite damage claims expenses decreased $5 million due to lower claims counts in the third quarter of 2021, partially offset by higher cost per Non-Litigated Claim due, in part, to inflationary pressure on building materials and contractor costs, primarily in the Mobile Bay Area. We have increased the low end of the revenue guidance range to reflect increased acquisitions in the third quarter. Or choose from the following categories: Acquisitions and alliances AGM and other meetings Board changes Capital structure. About ServiceMaster Such risks, uncertainties and changes in circumstances include, but are not limited to: the possibility that regulatory and other conditions to the sale of our ServiceMaster Brands businesses are not received or satisfied on a timely basis or at all, and the possibility of changes in the anticipated timing for closing the sale the possibility that we may not fully realize the projected benefits of the sale business disruption during the pendency of or following the sale the impact of reserves attributable to pending Litigated and Non-Litigated Claims for terminate damages; the impact of COVID-19 on our operations; lawsuits, enforcement actions and other claims by third parties or governmental authorities; compliance with, or violation of environmental health and safety laws and regulations; weakening general economic conditions; weather conditions and seasonality; the success of our business strategies, and costs associated with restructuring initiatives. Investor Relations: whether through our Terminix Promise for homeowners or our Ultimate Protection Guarantee for businesses. MEMPHIS, Tenn.--(BUSINESS WIRE)-- Every teammates Millions of customersincluding the fastest-growing startups, largest enterprises, and leading government agenciestrust AWS to power their infrastructure, become more agile, and lower costs. Headquartered in Memphis, Tenn. Terminix services approximately 2.8 million customers in 24 countries and territories. Terminix provides pest control services and protection against termites, mosquitoes, rodents and other pests. (RTTNews) - Pest control firm Rentokil Initial Plc. We live and work in the same neighborhoods as our customers, who trust us with their homes and A slide presentation highlighting the companys results will also be available. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control, including, without limitation, the risks and uncertainties discussed in the Risk Factors and Information Regarding Forward-Looking Statements sections in the Companys reports filed with the U.S. Securities and Exchange Commission. Financial information and disclosures from Terminix Global Holdings can still be found at investors.terminix.com until further notice. To . Terminix to Announce First-Quarter 2022 Results | Terminix To participate via webcast and view the presentation, visit the companys investor relations home page at investors.terminix.com. Preserving our Planet. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Financial information and disclosures from Terminix Global Holdings can still be found at investors.terminix.com until further notice. Click Dismiss to continue to this site. Results Trading updates. Except as required by law, neither Rentokil Initial nor Terminix assumes any obligation to update or revise the information contained herein, which speaks only as of the date hereof. RTTNews->. These symbols will be available throughout the site during your session. About Terminix Headquartered in Memphis, Tenn., with more than 11,400 teammates and 2.9 million customers in 24 countries and territories, the Company visits more than 50,000 homes and businesses every day. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended. The company invites all interested parties to join Chief Executive Officer Brett Ponton, Executive Vice President and Chief Financial Officer Bob Riesbeck, and Vice President of Investor Relations, FP&A and Treasurer Jesse Jenkins for an update on the company's operational performance and financial results for the fourth quarter and full year ended December 31, 2021. The call will be available for replay until December 2, 2021. Terminix - Terminix to Announce Third-Quarter 2021 Results Select either: All news types. Only each Terminix Filing year. In addition, investors and shareholders are able to obtain free copies of the Definitive Proxy Statement and other documents filed with the SEC by Terminix online at investors.terminix.com, upon . Regulatory news. MEMPHIS, Tenn.-- (BUSINESS WIRE)-- Terminix Global Holdings, Inc. (NYSE: TMX), a leading provider of residential and commercial pest control, today confirmed its plan to release its unaudited fourth-quarter and full-year 2021 financial results after 6 a.m. central time (7 a.m. eastern time) on Tuesday, March 1, 2022. As of October 12, 2022, Terminix Global Holdings has merged with Rentokil Initial plc and the combined organization is trading under the NYSE ticker symbol RTO. PDF Fourth-Quarter and Full-Year 2020 Earnings Webcast To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Drew Blake | 901.201.7151 | drew.blake@terminix.com, For investor relations inquiries or shareholder services please visit: https://www.rentokil-initial.com/investors.aspx. Adjusted EBITDA(1) for the quarter increased year-over-year by $3 million to $102 million, and Adjusted Net Income(2) increased by $17 million to $51 million, or $0.41 per share. MEMPHIS, Tenn.-- (BUSINESS WIRE)-- Terminix Global Holdings, Inc. (NYSE: TMX), a leading provider of residential and commercial pest control, today confirmed its plan to release its unaudited third-quarter 2021 financial results after 6 a.m. central time (7 a.m. eastern time) on Tuesday, November 2, 2021. . For the third quarter of 2021, the Company reported a year-over-year revenue increase of four percent to $530 million. James Robinson This communication contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. For a discussion of some of the important factors that could cause Terminix'sresults to differ materially from those expressed in, or implied by, the forward-looking statements included in this presentation, investors should refer to the disclosure contained under the heading "Risk Factors" in our Annual The following table presents reconciliations of net cash provided from operating activities from continuing operations to free cash flow: The following table presents reconciliations of net income (loss) to Adjusted EBITDA. We are very grateful to the Greater Memphis IT Council for recognizing us with this award.. After submitting your request, you will receive an activation email to the requested email address. The Terminix leadership team is committed to living up to high standards of ethical behavior. Learn more about the types of cookies we use by reviewing our updated Privacy Unfortunately, we can only respond to inquiries from legitimate news outlets. Financials and Filings Group. Other expenses, including sales, marketing, and travel increased $5 million in total. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. PDF Interim Financial Results 2022 - Rentokil Initial Terminix Global Holdings (NYSE: TMX) is a leading provider of residential and commercial pest control. As of October 12, 2022, Terminix Global Holdings has merged with Rentokil Initial plc and the combined organization is trading under the NYSE ticker symbol RTO.