Question-and-Answer Session
Operator
Thank you ladies and gentlemen. At this time, we will begin our question-and-answer session. (Operator Instructions). And Clint Fendley with Davenport, please go ahead.
Clint Fendley
Thank you. Good morning gentlemen. Nice quarter, and with a very difficult environment out there.
Gary Rollins
Thank you.
Clint Fendley
A couple of modeling question to off to start. I mean obviously, some nice pay down on your debt, what's that outlook there between now and the reminder of the year and how will you sort of balance that against the opportunity for sale or purchases here in the near term?
Harry Cynkus
Well, I think you should look historically at cash generation by quarter; third quarter tends to be a strong quarter. I think last year cash from operations was, let us say 30 something million dollars FX probably 4, 5 million. So our first priority will be to pay down debt, but we will continue to look at opportunities in the market place. We bought stock in Q2 and I think what was our average price was close to 15.5. So I think there will be some opportunities possibly in this quarter to continue to buying back stock. We have about half a million shares currently authorized.
Clint Fendley
Okay, thanks. That’s helpful Harry. And then on the termite accrual do you have the adjustment that was made to the provision and then also the settlements during the quarter?
Harry Cynkus
We will have that in the -- I don’t have that handy. Claims though we had very positive results for the quarter as to all 3% over 31%. Total claims for the first six months of this year was only $2.6 million. So after a 30 plus percent reduction and the claims last year were running against some you know, our low numbers and we have improved it to further 30% flat. So we had a small minor net expense in the quarter.
Clint Fendley
Okay. And on the -- you can -- some really nice developments on the margin that HomeTeam obviously, some very good long-term expectations there for that acquisition. I mean any thoughts maybe even on the near term and how you might be able to get a new potential low lying fruit maybe in the next two quarters or through the remainder of the year for that unit?
Harry Cynkus
Well, again they are only at the front end and starting to take advantage of our purchasing power. It’s going to take some time for the inventory to work its way through the oil prices you know, what they certainly pricing their inventory levels. We are working with them obviously, you know, that takes longer to work its way through. We are looking at the insurance, we need to track and see what their experience is. They are aggressively looking at how to grow their businesses in this economy they have. They are doing their sales mix in an additional city, they had not been in before trying to establish, frequently established a presence in the new markets. So they are looking at -- they are in the process of -- we are also looking at some of the other programs we have. It's like taking that from a 1000, not from a 1000, like its more (Inaudible) right now, they have a lot of opportunities, but they have a great management team and they are focused on growing the business. They have got the goals, they are talking to a number of builders who previously chose not to do business with them and like I said we are happy that (CI Holton) has made them approved their vendor and we hope to see some of the units in CI Holton down the road here.
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