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Terminix Global Holdings (NYSE: TMX) has been actively donating bicycles to children through A Soldier’s Child Foundation for over a year. This initiative reflects the company's commitment to safety and community support. The bicycle donations began in March 2020, initiated by the Houston branches as part of a local safety recognition program. The program aims to uplift children from military families and support their well-being.
Terminix Global Holdings (TMX) reported strong fourth-quarter 2020 results, with revenue increasing by 4% to $460 million. Net income surged to $490 million, largely due to the sale of ServiceMaster Brands. Adjusted EBITDA rose 24% to $68 million. For the full year, revenues reached $1,961 million, up 8%, while net income rose to $551 million. The company forecasts 2021 revenue between $2,025 and $2,050 million, with organic growth expected in pest management services despite challenges related to the pandemic.
Terminix Commercial alerts business owners to potential rodent infestations as closures due to COVID-19 have increased opportunities for these pests. A recent report from the CDC highlighted aggressive changes in rodent behavior due to pandemic conditions. Key insights include the importance of identifying rodent species, understanding their adaptive behaviors, and the necessity of a comprehensive pest management plan. Terminix emphasizes proactive measures, particularly for empty commercial spaces, to prevent infestations that could lead to significant health risks and costly damages.
Terminix Global Holdings (NYSE: TMX) has relaunched its educational program, Harry’s Big Adventure, in partnership with the Audubon Nature Institute. This initiative targets K-6 students, focusing on insect education through a virtual platform. The program offers a wealth of resources, including an NSTA-approved curriculum, interactive quizzes, and engaging activities. Terminix aims to enhance children's understanding of insects and their ecological significance, especially during the ongoing COVID-19 pandemic, when many students are learning online.
Terminix Global Holdings (NYSE: TMX) announced it will release its unaudited fourth-quarter and full-year financial results on February 25, 2021, at 6 a.m. CT. A conference call will follow at 8 a.m. CT featuring CEO Brett Ponton and other executives discussing operational performance. Interested parties can join by phone or via webcast on the company's investor relations site. The call will be available for replay until March 27, 2021. Terminix, headquartered in Memphis, offers pest control services globally with over 10,500 employees and serves 2.8 million customers.
Terminix Global Holdings, Inc. (NYSE: TMX) has appointed David J. Frear to its board of directors as of January 18. Frear, formerly the chief financial officer of Sirius XM, brings extensive financial expertise to the role. He will contribute to the audit and environmental, health and safety committees, leveraging his experience from prior board positions with various NASDAQ subsidiaries.
Terminix (NYSE: TMX) reports a 13% increase in rodent-related service requests amid growing infestations as rodents seek warmth indoors during winter, exacerbated by COVID-19-related business closures. The company emphasizes the need for integrated rodent control, leveraging the Terminix Promise™, which offers free inspections and pest management solutions. Homeowners are urged to maintain sanitation and security to prevent infestations. Terminix operates with over 10,500 employees and serves 2.8 million customers globally, reinforcing its commitment to combating pest problems during the holiday season.
Terminix Global Holdings (NYSE: TMX) announced a settlement with the Alabama Attorney General regarding its Mobile Bay termite business practices. The settlement includes immediate remediation for customers and establishes a $25 million consumer fund for refunds and claims processing. Future termite damage claims expenses are projected at $140 to $150 million from 2020 to 2029. The company will pay Alabama $19 million and has recorded a $49 million charge in Q3 2020. This resolution aims to mitigate potential punitive damage awards and enhance operations for Mobile Bay customers.
Terminix Global Holdings (NYSE: TMX) plans to release its unaudited third-quarter 2020 financial results on November 5, 2020, at 6 a.m. CT. A conference call will follow at 8 a.m. CT, featuring discussions led by CEO Brett Ponton, CFO Tony DiLucente, and VP of Investor Relations Jesse Jenkins. Interested parties can join via phone or webcast. A presentation will also be available. Terminix, headquartered in Memphis, serves over 2.8 million customers across 24 countries, providing pest management services.
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