After adjusting for divested operations in the prior period, ServiceMaster announced first quarter 2001 revenues up 3 percent to $1.33 billion. On a reported basis, revenues were lower by 1 percent compared with $1.34 billion in the first quarter of 2000.
The company posted a net income of $29 million with earnings per share at 10 cents, compared with a net income of $36 million and 12 cents earnings per share in 2000. First quarter 2001 results include a 2 cents per share, or $6 million after-tax gain resulting from the repurchase of certain ServiceMaster corporate bonds. Excluding this extraordinary item, net income and earnings per share were $23 million and 8 cents, respectively.