ATLANTA, Jan. 18, 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 fourth quarter and full year financial results for the period ended December 31, 2023, after the market closes on Wednesday, February 14, 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, February 15, 2024, at 8:30 a.m. Eastern Time.
ATLANTA, Nov. 2, 2023 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL) ("Rollins" or the "Company"), a premier global consumer and commercial services company, today announced that Rollins Executive Vice President and Chief Financial Officer, Kenneth Krause will present at the following conference:
Baird 2023 Global Industrial Conference at The Ritz-Carlton Chicago Hotel, November 9th, 2023, from 8:55 a.m. - 9:25 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.
15% growth in revenue drives an 18% improvement in GAAP EPS and 27% improvement in Adjusted EPS
ATLANTA, Oct. 25, 2023 /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 2023.
Key Highlights
Third quarter revenues were $840 million, an increase of 15.2% over the third quarter 2022 with organic revenues* increasing 8.4%. The stronger dollar versus foreign currencies in countries where we operate reduced revenues by 10 basis points during the quarter. Quarterly operating income was $177 million, an increase of 21.8% over the third quarter of 2022. Quarterly operating margin was 21.1% of revenue, an increase of 120 basis points over the third quarter of 2022. Adjusted operating income* was $188 million, an increase of 29.0% over the prior year. Adjusted operating income margin* was 22.3%, an increase of 240 basis points over the prior year. Quarterly net income was $128 million, an increase of 17.3% over the prior year net income. Adjusted net income* was $136 million, an increase of 24.4% over the prior year. Quarterly EPS was $0.26 per diluted share, an 18.2% increase over the prior year EPS of $0.22. Adjusted EPS* was $0.28 per diluted share, an increase of 27.3% over the prior year. Adjusted EBITDA* was $209 million for the quarter, an increase of 22.7%. Adjusted EBITDA margin* was 24.8% of revenue, an increase of 150 basis points over the third quarter of 2022. Operating cash flow was $127 million for the quarter and was $376 million for the first nine months of the year. The slower growth in operating cash flow in Q3 was due to the timing of payments related to certain payables. The Company invested $21 million in acquisitions, $7 million in capital expenditures, paid dividends totaling $64 million, and repurchased $300 million of its stock during the quarter. Year to date, the Company has invested $349 million in acquisitions, $21 million in capital expenditures, paid dividends totaling $192 million and repurchased $315 million of its stock.ATLANTA, Oct. 24, 2023 /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 December 11, 2023 to shareholders of record at the close of business on November 10, 2023. This represents an increase of 15 percent from the same quarter a year ago.
"Rollins has a consistent and long-standing history of increasing our dividend as we grow our business," said Kenneth Krause, Executive Vice President, Chief Financial Officer and Treasurer. "The 15 percent dividend increase reflects our commitment to return capital to shareholders and the confidence we have in our future," Mr. Krause, concluded.
Los Angeles Reclaims Second Spot, New York Drops to Third
ATLANTA, Oct. 23, 2023 /PRNewswire/ -- Chicago continues its first-place run in the rat race, topping Orkin's Top 50 Rattiest Cities List for the ninth year in a row. Los Angeles moved up to the #2 ranking while New York rounds out the top three spots. Jumping up 10 spots this year is Houston to #20, and Greensboro, N.C., moves up 17 spots to take #50.
ATLANTA, Oct. 12, 2023 /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 financial results for the period ended September 30, 2023, after the market closes on Wednesday, October 25, 2023. 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 26, 2023, at 8:30 a.m. Eastern Time.
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