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February 06, 2016 8:47 PM ET

Insurance

Company Overview of American Home Shield Corporation

Company Overview

American Home Shield Corporation provides home warranty services in the United States. The company offers a service contract that covers the repair or replacement of home system components and appliances that breakdown over time. It serves homeowners through its home service professionals. The company was founded in 1971 and is based in Memphis, Tennessee. American Home Shield Corporation operates as a subsidiary of The ServiceMaster Company, LLC.

889 Ridge Lake Boulevard

Memphis, TN 38120

United States

Founded in 1971

Phone:

901-537-8000

Fax:

901-537-8005

Key Executives for American Home Shield Corporation

President
Age: 53
Compensation as of Fiscal Year 2015.

American Home Shield Corporation Key Developments

American Home Shield Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

American Home Shield Corporation reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, revenue was $275 million, a 12% year-over-year revenue increase driven by organic growth and price increases. Adjusted EBITDA was $74 million against $61 million, primarily reflecting the flow-through effect of higher revenue, partially offset by an increase in claim costs. For the nine months, revenue was $711 million. Adjusted EBITDA was $174 million against $144 million.

American Home Shield Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

American Home Shield reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. The company reported an 11% revenue increase in the fourth-quarter of 2014 compared to the fourth-quarter of 2013, driven by the acquisition of HSA, higher customer count, and favorable product mix, partially offset by timing within the year of contract revenue. Adjusted EBITDA increased 13% or $4 million versus prior year, primarily reflecting the acquisition of HSA, organic growth and improved operating efficiencies, partially offset by the in-year timing of revenue and an increase in marketing in the direct-to-consumer channel. For the full-year, the company’s revenue increased 12%, driven by the acquisition of HSA, higher customer counts, and favorable product mix. Adjusted EBITDA increased 23% or $34 million, driven by the acquisition of HSA, organic growth, improved operating efficiency and lower claim volume, partially offset by an increase in marketing investment.

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.

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