ServiceMaster Global Holdings Inc. said its normalized net income for the fourth quarter was 25 cents per share, compared with the S&P Capital IQ consensus estimate of 31 cents per share.
EPS increased 40.4% year over year from 18 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $33.8 million, a gain of 42.1% from $23.8 million in the prior-year period.
The normalized profit margin climbed to 6.6% from 4.1% in the year-earlier period.
Total revenue increased year over year to $601.0 million from $577.0 million, and total operating expenses climbed on an annual basis to $500.0 million from $492.0 million.
Reported net income fell 24.7% year over year to $16.5 million, or 12 cents per share, from $21.9 million, or 16 cents per share.
For the year, the company's normalized net income totaled $1.59 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.78.
EPS rose 28.3% from $1.24 in the prior year.
Normalized net income was $217.5 million, an increase of 54.0% from $141.3 million in the prior year.
Full-year total revenue rose 5.6% year over year to $2.59 billion from $2.46 billion, and total operating expenses rose year over year to $2.08 billion from $2.02 billion.
The company said reported net income grew on an annual basis to $162.6 million, or $1.19 per share, in the full year, from $43.2 million, or 38 cents per share.