New Initiative Connects Contractors with Talent, Addressing the Skilled Trades Labor Gap NationwideLOS ANGELES, Oct. 07, 2025 (GLOBE NEWSWIRE) -- ServiceTitan (Nasdaq: TTAN), the software platform that powers the trades, is bringing additional job opportunities and skills programs to contractors by connecting them with The Home Depot’s Path to Pro program. This initiative provides ServiceTitan customers access to a robust pipeline of skilled tradespeople while offering aspiring professionals streamlined pat ...

Core Insights - ServiceTitan has announced a strategic partnership with Roto-Rooter, enhancing Roto-Rooter's operations with ServiceTitan's technology to drive growth and profitability [1][2] - The partnership aims to unlock new revenue opportunities and improve operational efficiency across Roto-Rooter's extensive network [2][3] - Roto-Rooter, a leader in plumbing and water cleanup services, operates in 121 company-owned territories and over 345 franchise territories in the U.S. and Canada [6] Company Overview - ServiceTitan is a cloud-based software platform designed to support trades businesses, providing tools for business management and customer experience enhancement [5] - Roto-Rooter, founded in 1935, is the largest provider of plumbing, drain cleaning, and water cleanup services in North America, with a strong commitment to technological innovation [6][3] Partnership Impact - The partnership will leverage ServiceTitan's technology across Roto-Rooter's national call centers and branch locations, aiming to set a new standard for service excellence in the industry [4][3] - Roto-Rooter's field employees and office staff will benefit from increased efficiency and automation, allowing them to focus more on customer service [3][2]

Core Insights - ServiceTitan reported strong financial results for the fiscal second quarter ended July 31, 2025, with significant growth in gross transaction volume and total revenue, indicating a robust performance in the trades sector [1][2][3] Financial Performance - Gross transaction volume (GTV) reached $22.9 billion, a year-over-year growth of 19% compared to $19.2 billion in the same quarter of 2025 [2] - Total revenue for the quarter was $242.1 million, reflecting a 25% increase from $193.0 million in the same quarter of the previous year [2] - Platform revenue was $232.7 million, up 26% year-over-year from $185.0 million [2] - Non-GAAP income from operations was $29.2 million, compared to $13.5 million in the same quarter of the previous year, resulting in a non-GAAP operating margin of 12.1% [2] - GAAP loss from operations was $34.8 million, slightly higher than the loss of $32.6 million in the same quarter of the previous year [2] Operational Highlights - The company achieved a net dollar retention rate of over 110%, indicating strong customer loyalty and expansion within existing accounts [2] - Cash provided by operating activities was $40.3 million, an increase from $25.3 million in the same quarter of the previous year [2] - Non-GAAP free cash flow was $34.3 million, compared to $18.7 million in the same quarter of the previous year [2] Future Outlook - For the fiscal third quarter of 2026, ServiceTitan expects total revenue between $237 million and $239 million, and non-GAAP income from operations between $14 million and $15 million [3] - The full fiscal year 2026 revenue is projected to be between $935 million and $940 million, with non-GAAP income from operations expected to be between $74 million and $76 million [3] Company Background - ServiceTitan is a cloud-based software platform designed to empower trades businesses, providing tools for contractors to manage operations and enhance customer experiences [7]

Core Insights - ServiceTitan has announced a partnership with Associated Builders and Contractors (ABC), enhancing its commitment to providing technology solutions for specialty contractors in the construction industry [1][2][3] - The partnership allows ABC members to access ServiceTitan's software platform, which includes tools for scheduling, billing, and real-time tracking, along with a member-exclusive benefit of three complimentary months of subscription [2][3] - ServiceTitan aims to drive innovation and operational excellence in the construction sector, which has historically been underserved by technology [2][5] Company Overview - ServiceTitan is a cloud-based software platform designed to empower trades businesses by providing an integrated solution for managing operations and enhancing customer experience [6] - The platform combines project management tools with service functionality, enabling specialty contractors to run their entire business on a single platform [4][6] - ServiceTitan's addition to ABC's Tech Marketplace solidifies its leadership position in construction technology, setting new standards for productivity and operational efficiency [5] Industry Context - ABC, a national trade association with 23,000 members, focuses on advancing industry trends and fostering innovation through its Tech Marketplace [3] - The collaboration between ServiceTitan and ABC aims to equip contractors with cutting-edge digital tools to improve safety, profitability, and efficiency in their operations [3] - This partnership reflects a broader trend in the construction industry towards increased technology adoption to enhance productivity and deliver superior outcomes [5]

Core Insights - ServiceTitan has announced a strategic collaboration with ABC Supply Co., Inc. to enhance procurement and estimating processes for roofing contractors [1][2] - The integration aims to provide accurate product catalogs, pricing, and order status directly within ServiceTitan's platform, improving operational efficiency and customer satisfaction [2][3] Company Overview - ServiceTitan is a cloud-based software platform designed to support trades businesses, offering tools for business management and customer experience enhancement [5] - ABC Supply Co., Inc. is the largest wholesale distributor of roofing and other building products in North America, focusing on serving professional contractors since its founding in 1982 [7] Integration Features - The integration will allow for branch-specific, up-to-date pricing pulled nightly, ensuring contractors have the most current costs for accurate estimates [5] - Location-aware estimates will automatically apply branch-level prices based on job location, maintaining profitability across different markets [5] - Real-time validation at purchase will check current pricing and availability, reducing order errors and material delays [5] - The seamless estimate-to-order flow will enable teams to convert estimates into electronic purchase orders instantly [5] - Contractors will have access to ABC's full catalog with product names and imagery, enhancing proposal accuracy and professionalism [5] Industry Context - Material prices are a significant concern for contractors, with 64% indicating that rising costs may hinder growth and profitability [3] - Supply chain disruptions in the roofing industry are making it increasingly challenging for contractors to source materials at the right time and price [3]

Core Insights - ServiceTitan reported strong financial results for the fiscal first quarter of 2026, with significant year-over-year growth in gross transaction volume and total revenue [2][3] - The company's focus on delivering ROI to customers is highlighted as a key competitive advantage, with a strong start in its four primary areas of focus for the year [1][2] Financial Highlights - Gross transaction volume (GTV) increased to $17.7 billion, representing a 22% year-over-year growth compared to $14.5 billion in the previous year [2] - Total revenue reached $215.7 million, a 27% increase from $170.3 million in the same quarter of the previous year [2] - Platform revenue also grew by 27% year-over-year, amounting to $208.0 million [2] - Non-GAAP income from operations was reported at $16.2 million, compared to $3.3 million in the same quarter last year, resulting in a non-GAAP operating margin of 7.5% [2][31] - Net cash used in operating activities decreased to $14.6 million from $19.2 million year-over-year [2][36] Operational Outlook - For the second quarter of fiscal 2026, ServiceTitan expects total revenue between $228 million and $230 million, and non-GAAP income from operations between $17 million and $18 million [3] - The full fiscal year 2026 revenue outlook is projected to be between $910 million and $920 million, with non-GAAP income from operations expected to be between $54 million and $59 million [3] Company Overview - ServiceTitan is a cloud-based software platform designed to support trades businesses, providing tools for business management and customer experience enhancement [6] - The company aims to transform the trades industry, which has historically been underserved by technology, by equipping contractors with necessary technological solutions [6]

Core Viewpoint - ServiceTitan, Inc. will report its financial results for the fiscal first quarter ended April 30, 2025, on June 5, 2025, and will provide an outlook for fiscal year 2026 [1]. Group 1: Financial Reporting - The financial results will be announced after market close on June 5, 2025 [1]. - A conference call will be held at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day to discuss the results [2]. Group 2: Company Overview - ServiceTitan is a software platform that supports trades businesses with a cloud-based, end-to-end solution [3]. - The platform provides contractors with tools to manage their business operations and enhance customer experience [3]. - ServiceTitan aims to equip tradespeople with technology in an industry that has been historically underserved [3].

Core Insights - The exterior services industry, particularly roofing contractors, is focusing on revenue growth and profitability despite challenges such as rising material prices, labor shortages, and increased overhead costs [1][3][4] Group 1: Industry Challenges - 76% of contractors aim to grow revenue in 2025, but only 56% expect to achieve this due to challenges like increasing material prices (64%), labor shortages (58%), and rising labor and overhead costs (53%) [1][3] - The industry must balance innovation, customer-first execution, and financial discipline to drive sustainable growth [1][2] Group 2: Optimization Strategies - 62% of contractors are optimizing overhead costs, 56% are focusing on labor costs, and 37% are improving marketing efficiency to enhance profit margins [4] - 18% of contractors plan to invest in additional software, while 37% prioritize comprehensive features tailored to the industry [7] Group 3: Growth Opportunities - Contractors are expanding into new business lines, with 23% entering metal roofing, 21% adding new locations, and 6% acquiring other businesses [5] - 40% of respondents are considering adding siding, while 35% see opportunities in entering the commercial sector [5] Group 4: Customer Experience Focus - Modernizing and digitizing the customer experience is a key goal for 31% of contractors, with 52% emphasizing the importance of customizing and personalizing customer interactions [6] - Digital transformation and enhancing online presence are seen as significant opportunities by 42% of respondents [6]