January 31, 2015 3:35 AM ET

Commercial Services and Supplies

Company Overview of TruGreen, Inc.

Company Overview

TruGreen, Inc. provides lawn care, tree and shrub care, and landscaping services to residential and commercial customers in the United States. The company’s lawn care services include weed control and fertilization treatments, insect treatments, and lawn analysis and lawn treatment. It also offers seeding remedies for conditions, such as compacted soil, poor drainage, and weed infestation; chemical amendments to maintain pH levels of the soil; and granular fertilizer products for the do-it-yourself lawn enthusiasts. The company was founded in 1990 and is headquartered in Memphis, Tennessee. TruGreen, Inc. operates as a subsidiary of Servicemaster Co.

860 Ridge Lake Boulevard

Memphis, TN 38120-9408

United States

Founded in 1990

Phone:

901-681-1990

Key Executives for TruGreen, Inc.

Principal Financial Officer and Principal Accounting Officer
Age: 77
Vice President of Human Resource Field Operations
Compensation as of Fiscal Year 2014.

TruGreen, Inc. Key Developments

TruGreen, Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2012

TruGreen, Inc. reported unaudited earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported operating revenue of $183.6 million, a decrease of 14.3% compared to fourth-quarter 2011 results. The decrease in operating revenue was driven by a decline in customer counts due to a decrease in new unit sales and acquisitions and a reduction in ice melt sales, partially offset by a 190 basis-point increase in the customer retention rate. Operating performance was $8.8 million, a decrease of 82.3% compared to fourth-quarter 2011 results. The decrease primarily reflects the impact of lower operating revenue, a reduction in labor productivity, higher technology costs related to a new operating system and higher sales and marketing expense, increased investments in ongoing productivity and standardization initiatives and higher fuel prices. Operating income included a pre-tax non-cash impairment charge of $908.9 million to reduce the carrying value of TruGreen’s goodwill and the TruGreen trade name to their estimated fair value. For the year, the company reported operating revenue of $979.08 million against $1,100.7 million a year ago. Operating loss was $805.02 million against operating income of $129.32 million a year ago. Operating performance was $152.8 million against $209.03 million a year ago.

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