August 28, 2014 9:44 AM ET

Diversified Consumer Services

Company Overview of ServiceMaster Clean L.L.C.

Company Overview

ServiceMaster Clean L.L.C. provides cleaning and disaster recovery services to homes and businesses in the United States, Canada, and internationally. The company offers carpet, floors and upholstery, tile and grout, and green cleaning services for residential customers; janitorial cleaning, including capture and removal cleaning, and daytime cleaning for educational, healthcare, and hospitality establishments; and disaster restoration and reconstruction services for fire, water, and smoke damage. The company also provides services, including lawn care and landscape maintenance, termite and pest control, furniture cleaning and maintenance, and home warranties. It offers its services through ...

860 Ridge Lake Boulevard

Memphis, TN 38125

United States

Founded in 1947

Phone:

901-766-1400

Fax:

901-684-7580

Key Executives for ServiceMaster Clean L.L.C.

President and President of Servicemaster Merry Maids
Age: 58
Chief Financial Officer and Senior Vice President of Finance
Age: 57
Chief Executive Officer of ServiceMaster
Age: 56
President of Franchise Relations
Age: 60
Senior Vice President
Compensation as of Fiscal Year 2014.

ServiceMaster Clean L.L.C. Key Developments

ServiceMaster Clean Announces Unaudited Preliminary Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

ServiceMaster clean announced unaudited preliminary earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, revenue was $40 million and adjusted EBITDA was $18 million. Adjusted EBITDA decreased $2 million versus prior year, primarily reflecting the flow-through effect of lower revenue and increased investment in sales resources to drive growth. The decrease in revenue driven primarily by the non-recurrence of product revenue and certain fee revenue in 2012 related to a significant weather event in the Northeast. For the year, revenue was $151 million and adjusted EBITDA was $68 million. Adjusted EBITDA increased $7 million versus prior year, primarily reflecting the flow-through effect of higher operating revenue.

ServiceMaster Clean L.L.C. Announces Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2013

ServiceMaster Clean L.L.C. announced unaudited financial results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported operating revenue of $36.296 million against $32.409 million a year ago. Operating income was $15.486 million against $10.537 million a year ago. Adjusted EBITDA was $16.702 million against $11.796 million a year ago. The operating revenue results reflect a 7.4% increase in domestic royalty fees, primarily driven by increases in disaster restoration services, a 29.0% increase in revenue from janitorial national accounts, driven by strong sales activity, and a 23.1% increase in sales of products to franchisees, driven by higher franchisee demand. For the six month, the company reported operating revenue of $71.710 million against $64.354 million a year ago. Operating income was $29.500 million against $22.813 million a year ago. Adjusted EBITDA was $32.192 million against $25.322 million a year ago.

ServiceMaster Clean Announces Two New Franchise Agreements

ServiceMaster Clean announced the signing of two new franchise agreements. The first agreement is with an existing franchise group, ServiceMaster Facilities Maintenance, who added portions of Atlanta as a third territory. The other is with a new franchisee David Dragicevich of ServiceMaster Janitorial by Zvon for a Syracuse, N.Y. territory. Vincent Lee was a longtime employee in the cleaning industry, when he transitioned to become a ServiceMaster Clean franchisee. Lee and his partners William Watson, Andre' Coleman and Laurence Plummer Sr. currently operate commercial cleaning franchises in Memphis and Nashville with over 400 employees servicing more than 120 customers including some major Fortune 500 corporations.

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