Investing in Growth to Capitalize on Healthy Market

ATLANTA, Oct. 23, 2024 /PRNewswire/ -- Rollins, Inc. (NYSE:ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, reported unaudited financial results for the third quarter of 2024.

Key Highlights

Third quarter revenues were $916 million, an increase of 9.0% over the third quarter of 2023 with organic revenues* increasing 7.7%.Quarterly operating income was $192 million, an increase of 8.3% over the third quarter of 2023. Quarterly operating margin was 20.9%, a decrease of 20 basis points versus the third quarter of 2023. Adjusted operating income* was $196 million, an increase of 4.5% over the prior year. Adjusted operating income margin* was 21.4%, a decrease of 90 basis points compared to the prior year.Adjusted EBITDA* was $219 million, an increase of 5.5% over the prior year. Adjusted EBITDA margin* was 24.0%, a decrease of 80 basis points versus the third quarter of 2023.Quarterly net income was $137 million, an increase of 7.1% over the prior year. Adjusted net income* was $140 million, an increase of 3.3% over the prior year.Quarterly EPS was $0.28 per diluted share, a 7.7% increase over the prior year EPS of $0.26. Adjusted EPS* was $0.29 per diluted share, an increase of 3.6% over the prior year.Operating cash flow was $147 million for the quarter, an increase of 15.4% compared to the prior year. The Company invested $24 million in acquisitions, $8 million in capital expenditures, and paid dividends totaling $73 million.

ATLANTA, Oct. 22, 2024 /PRNewswire/ -- Rollins, Inc. (NYSE:ROL), a premier global consumer and commercial services company announced that the Board of Directors declared a regular quarterly cash dividend on its common stock of $0.165 per share payable December 10, 2024 to shareholders of record at the close of business on November 12, 2024.  This represents an increase of 10 percent from the same quarter a year ago.

Los Angeles and New York hold strong in the top three for seventh consecutive year

ATLANTA, Oct. 21, 2024 /PRNewswire/ -- For the tenth straight year, Chicago has secured the top spot on Orkin's Top 50 Rattiest Cities List, maintaining its reign since the list's inception. This decade-long dominance highlights the city's ongoing battle with rodents, as well as the efforts taken to treat their presence, which has been driven largely by the Windy City's infrastructure and environment.

ATLANTA, Oct. 8, 2024 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, today announced that it will release its third quarter results for the period ended September 30, 2024, after the market closes on Wednesday, October 23, 2024. In conjunction with its release, the Company will host a conference call to review the Company's financial and operating results before the market opens on Thursday, October 24, 2024, at 8:30 a.m. Eastern Time.

ATLANTA, Sept. 10, 2024 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, today announced that Jerry Gahlhoff, President and Chief Executive Officer, and Kenneth Krause, Executive Vice President, Chief Financial Officer and Treasurer, will present at the J.P. Morgan 15th Annual U.S. All Stars Conference at the London J.P. Morgan Headquarters, September 18, 2024, from 9:00 a.m. – 9:45 a.m. E.T.

Solid Revenue Growth and Margin Improvement Drives Double-Digit Earnings Growth

ATLANTA, July 24, 2024 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, reported unaudited financial results for the second quarter of 2024.

Key Highlights

Second quarter revenues were $892 million, an increase of 8.7% over the second quarter of 2023 with organic revenues* increasing 7.7%.Quarterly operating income was $182 million, an increase of 17.8% over the second quarter of 2023. Quarterly operating margin was 20.4%, an increase of 150 basis points over the second quarter of 2023. Adjusted operating income* was $187 million, an increase of 16.6% over the prior year. Adjusted operating income margin* was 20.9%, an increase of 140 basis points over the prior year.Adjusted EBITDA* was $210 million, an increase of 15.3% over the prior year. Adjusted EBITDA margin* was 23.6%, an increase of 140 basis points over the second quarter of 2023.Quarterly net income was $129 million, an increase of 17.5% over the prior year. Adjusted net income* was $132 million, an increase of 16.7% over the prior year.Quarterly EPS was $0.27 per diluted share, a 22.7% increase over the prior year EPS of $0.22. Adjusted EPS* was $0.27 per diluted share, an increase of 17.4% over the prior year.Operating cash flow was $145 million for the quarter. The Company invested $35 million in acquisitions, $9 million in capital expenditures, and paid dividends totaling $73 million.

ATLANTA, July 23, 2024 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL), a premier global consumer and commercial services company announced that the Board of Directors declared a regular quarterly cash dividend on its common stock of $0.15 per share payable September 10, 2024 to shareholders of record at the close of business on August 12, 2024.

About Rollins, Inc.Rollins, Inc. (ROL) is a premier global consumer and commercial services company. Through its family of leading brands, the Company and its franchises provide essential pest control services and protection against termite damage, rodents, and insects to more than 2.8 million customers in North America, South America, Europe, Asia, Africa, and Australia, with more than 20,000 employees from more than 800 locations. Rollins is parent to Orkin, HomeTeam Pest Defense, Clark Pest Control, Northwest Exterminating, McCall Service, Trutech, Critter Control, Western Pest Services, Waltham Services, OPC Pest Services, The Industrial Fumigant Company, PermaTreat, Crane Pest Control, Missquito, Fox Pest Control, Orkin Canada, Orkin Australia, Safeguard (UK), Aardwolf Pestkare (Singapore), and more. You can learn more about Rollins and its subsidiaries by visiting www.rollins.com.

ATLANTA, July 9, 2024 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, today announced that it will release its second quarter results for the period ended June 30, 2024, after the market closes on Wednesday, July 24, 2024. In conjunction with its release, the Company will host a conference call to review the Company's financial and operating results before the market opens on Thursday, July 25, 2024, at 8:30 a.m. Eastern Time.

ATLANTA, May 29, 2024 /PRNewswire/ -- Rollins, Inc. (NYSE:ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, today announced that Kenneth Krause, Executive Vice President, Chief Financial Officer and Treasurer, will present at the following investor conferences:

William Blair 44th Annual Growth Stock at the Loews Chicago Hotel, June 4, 2024, from 9:40 a.m. – 10:10 a.m. E.T.Stifel 2024 Cross Sector Insight Conference at the InterContinental Boston, June 5, 2024, from 1:15 p.m. – 1:45 p.m. E.T.Wells Fargo Industrials Conference at the Loews Chicago Hotel, June 11, 2024, from 4:45 p.m. – 5:15 p.m. E.T.

Monumental symphony performance in Springfield, Illinois, will feature curated songs that harmonize with the singing and rhythm of trillions of cicadas

ATLANTA, May 22, 2024 /PRNewswire/ -- Trillions of newly-emerged cicadas are about to crank up the volume on the sweet sounds of summer in much of the country – particularly across the Southeast and Midwest. For the first time in 221 years, two broods of periodic cicadas will emerge from the ground at the same time. To commemorate this historic event, Orkin will host an "Orkinstra" symphony in Springfield, Illinois, to coincide with what experts believe will be the peak area and time for this double brood emergence.