ServiceMaster’s recently released third-quarter financial report shows that TruGreen’s third-quarter sales of roughly $367 million were down slightly (1%) from the same time last year. However, operating profit margin climbed from 21.8% to 24.8%, and operating margin climbed from 18% to 21.6%.
Also in the third quarter, TruGreen saw a 6.1% reduction in full-program accounts, compared to 1.3% growth last year. Customer retention also dipped from 69.5% to 67.8%.
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