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.

ATLANTA, May 20, 2024 /PRNewswire/ -- Rollins, Inc. (NYSE:ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, held its 2024 Investor and Analyst Conference on Friday, May 17th at the New York Stock Exchange (NYSE). During the event, members of leadership presented on topics underscoring five key points:

As a scaled player in the North American pest control market, Rollins intends to leverage a number of distinct competitive advantages to strengthen its position and deliver exceptional financial results;The Company operates in the large and fragmented pest control industry that is supported by a number of secular tailwinds;Rollins is committed to investing for growth, organically as well as through disciplined and strategic acquisitions;The Company's culture of continuous improvement and productivity will be further enhanced by ongoing efforts to modernize certain aspects of the business; andRollins is a financial compounder that will continue to create shareholder value through disciplined capital allocation.

ATLANTA, May 2, 2024 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, will hold its 2024 Investor and Analyst Conference on Friday, May 17, at 9 a.m. Eastern Time. Chief Executive Officer and President Jerry Gahlhoff, Chief Financial Officer Ken Krause, and other members of the leadership team plan to present on the Company's strategic priorities.

ATLANTA, April 25, 2024 /PRNewswire/ -- Rollins, Inc. (NYSE:ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, today announces the appointment of Louise S. Sams as Lead Independent Director of the Rollins Board of Directors  (the "Board") and the Chairperson of the Nominating and Corporate Governance Committee.  Ms. Sams assumed these roles following the retirement of Mr. Jerry W. Nix in conjunction with the Company's Annual Meeting of Shareholders on April 23, 2024.

Double-Digit Revenue Growth Drives Solid Increase in Earnings and Cash Flow

ATLANTA, April 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 first quarter of 2024.

Key Highlights

First quarter revenues were $748 million, an increase of 13.7% over the first quarter 2023 with organic revenues* increasing 7.5%.Quarterly operating income was $132 million, an increase of 18.0% over the first quarter of 2023. Quarterly operating margin was 17.7% of revenue, an increase of 60 basis points over the first quarter of 2023. Adjusted operating income* was $138 million, an increase of 22.7% over the prior year. Adjusted operating income margin* was 18.4%, an increase of 130 basis points over the prior year. Adjusted EBITDA* was $161 million, an increase 19.3%. Adjusted EBITDA margin* was 21.5% of revenue, an increase of 100 basis points over the first quarter of 2023.Quarterly net income was $94 million, an increase of 7.0% over the prior year net income. Adjusted net income* was $98 million, an increase of 16.1% over the prior year.Quarterly EPS was $0.19 per diluted share, a 5.6% increase over the prior year EPS of $0.18. Adjusted EPS* was $0.20 per diluted share, an increase of 17.6% over the prior year.Operating cash flow was $127 million for the quarter, an increase of 26.5% over the prior year. The Company invested $47 million in acquisitions, $7 million in capital expenditures, and paid dividends totaling $73 million.

ATLANTA, April 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 June 10, 2024 to shareholders of record at the close of business on May 10, 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 19,000 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.

Pest control leader brings back Bug Week by calling for accurate representation of insects across the internet and beyond

ATLANTA, April 15, 2024 /PRNewswire/ -- As pest season begins, bug content is everywhere – but turns out most of it is wrong. To acknowledge this, today, Orkin kicks off its annual Bug Week, dubbed Bug Week Bug Fails, by correcting illustrations and representations of bugs found across the internet, pop culture and beyond. From mascots to tattoos, Orkin, with the help of the public, aims to ensure no incorrect bug is left behind.

ATLANTA, April 4, 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 first quarter results for the period ended March 31, 2024, after the market closes on Wednesday, April 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, April 25, 2024, at 8:30 a.m. Eastern Time.

Toronto has ranked first on Orkin Canada's annual "bed buggiest" cities list, joining Paris, France in the global bed bug limelight

MISSISSAUGA, ON, March 19, 2024 /CNW/ - Orkin Canada has released its annual list of the top 25 "bed buggiest" cities in Canada, with Toronto claiming the top spot for the seventh year in a row.

Vancouver dropped from second to sixth place on this year's ranking, while Sudbury rose to second place and Oshawa to third. Winnipeg also cracked the top ten this year after placing eleventh in 2022, now ranking seventh across the country.

What home and business owners can do to prevent infestations this spring

ATLANTA, March 14, 2024 /PRNewswire/ -- Miami ranks #1 on Orkin's Top 50 Termite cities list for the second year in a row, and once again Los Angeles ranks #2. While Tampa held onto third place, and New York City jumped five spots to claim #4 on the list. Washington, D.C., rounds out the Top 5. Four cities are new to this year's list, including Louisville, which climbed a whopping 34 spots to make this year's Top 50 cities.

ATLANTA, March 4, 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 plans to present at the 2024 Bank of America Information and Business Services Conference at the Bank of America Tower in New York City on March 14th, 2024, from 10:40 a.m. to 11:15 a.m. E.T.

This event will be webcast live and can be accessed at https://www.rollins.com/news-events/ir-calendar. Following the presentation, a replay will be available for 180 days at the link listed above, under the "News and Events" menu. Please note that the schedule above is subject to change.