December 27, 2014 11:36 PM ET

Insurance

Company Overview of American Home Shield Corporation

Company Overview

American Home Shield Corporation operates as a home warranty company in the United States. The company offers home protection plan, a service contract which covers the repair or replacement of home system components and appliances that break down over time. It also offers home care advices in the areas of maintenance tips and quick fixes, buying a home, selling a home, saving money, lawn and garden, entertaining and home, and unique homes. The company was founded in 1971 and is headquartered in Memphis, Tennessee with service centers in Georgia, Iowa, and Tennessee. American Home Shield Corporation operates as a subsidiary of The ServiceMaster Company.

860 Ridge Lake Boulevard

Memphis, TN 38135

United States

Founded in 1971

Phone:

901-537-8000

Fax:

712-794-1968

Key Executives for American Home Shield Corporation

President
Age: 52
Compensation as of Fiscal Year 2014.

American Home Shield Corporation Key Developments

American Home Shield Announces Unaudited Preliminary Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

American Home shield announced unaudited preliminary earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, revenue was $172 million and adjusted EBITDA was $37 million. For the year, revenue was $740 million and adjusted EBITDA was $171 million.

American Home Shield Corporation Announces Unaudited Financial Results for the Second Quarter and Six Months Ended June 30, 2013

American Home Shield Corporation announced unaudited financial results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported operating revenue of $206.025 million against $208.394 million a year ago. Operating income was $43.858 million against $40.556 million a year ago. Adjusted EBITDA was $47.191 million against $44.258 million a year ago. The operating revenue results reflect a decrease due to differences between years in the timing of contract claims, partially offset by improved price realization and a 1.3% increase in average customer counts. For the six month, the company reported operating revenue of $349.340 million against $367.439 million a year ago. Operating income was $67.418 million against $68.384 million a year ago. Adjusted EBITDA was $74.092 million against $75.409 million a year ago.

American Home Shield Corporation Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2012

American Home Shield Corporation reported unaudited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported operating revenue of $140.2 million, a decrease of 3.9% compared to fourth-quarter 2011 results. This decline reflected the impact of a change in the expected timing of contract costs and a 140 basis-point reduction in the customer retention rate. That was partially offset by improved price realization and new unit sales. Operating performance was $16.4 million, a decrease of 27.3% compared to fourth-quarter 2011 results. The decrease was due to the impact of lower operating revenue, higher contract costs and increased investments to drive improvements in service delivery. For the year, the company reported operating revenue of $720.86 million against $686.7 million a year ago. Operating profit was $126.1 million against operating income of $94.87 million a year ago. Operating performance was $141.54 million against $131.97 million a year ago.

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