Rollins, Inc. - ROL STOCK NEWS

Rollins Inc (NYSE: ROL) has appointed Clay Scherer, Ph.D. as Group Vice President, Technical Services, effective immediately. In his new role, Scherer will oversee Technical Services, Quality Assurance, and Regulatory operational groups. He brings three decades of experience, including leadership in global pest management markets and expertise in urban entomology. Prior to joining Rollins, Scherer served as Global Research and Development Lead for Professional Solutions at Syngenta AG in Switzerland, where he managed research, product development, and technical support. He holds a Ph.D. in Entomology from the University of Florida, funded by the U.S. EPA.

Rollins (NYSE:ROL) reported strong Q3 2024 financial results with revenues of $916 million, up 9.0% year-over-year, including 7.7% organic growth. Net income increased 7.1% to $137 million, with diluted EPS of $0.28, up 7.7%. Operating cash flow grew 15.4% to $147 million. The company maintained healthy margins despite Hurricane Helene impacts, with operating margin at 20.9%. Additionally, Rollins announced a leadership transition, with Gary W. Rollins moving to Executive Chairman Emeritus and John F. Wilson becoming Executive Chairman effective January 1, 2025.

Rollins, Inc. (NYSE:ROL), a leading global consumer and commercial services company, has announced a 10 percent increase in its regular quarterly cash dividend. The Board of Directors declared a dividend of $0.165 per share, payable on December 10, 2024, to shareholders of record as of November 12, 2024.

Kenneth Krause, Executive Vice President and CFO, highlighted Rollins' consistent history of increasing dividends alongside business growth. He noted that the company has raised its regular dividend by approximately 65 percent since early 2022, while continuing to invest significantly in the business. This increase reflects Rollins' disciplined approach to capital allocation, commitment to shareholder returns, and confidence in its future prospects.

For the tenth consecutive year, Chicago has topped Orkin's Top 50 Rattiest Cities List, highlighting the city's ongoing struggle with rodents. Los Angeles and New York have maintained their positions in the top three since 2017. The list is based on new residential rodent treatments from September 1, 2023, to August 31, 2024.

Orkin emphasizes the serious concerns rodents pose to homeowners, including structural damage, fire risks from chewing wires, and spreading illnesses. The company provides tips for identifying and preventing rodent infestations, such as sealing entry points, eliminating food sources, and maintaining outdoor areas.

Orkin, founded in 1901, is an industry leader in pest control services with 358 owned and operated branch offices and 47 franchises in the U.S., as well as international presence. The company is committed to public health and has partnered with the American Red Cross since 2020 to educate about mosquito health threats.

Rollins, Inc. (NYSE: ROL), a leading global consumer and commercial services company, has announced the release date for its third quarter 2024 financial results. The results will be disclosed after market close on Wednesday, October 23, 2024. Following this, Rollins will host a conference call on Thursday, October 24, 2024, at 8:30 a.m. Eastern Time to review the company's financial and operating results.

Interested parties can participate in the conference call by dialing 1-877-869-3839 (domestic) or +1-201-689-8265 (international) with conference ID 13749018. The call will also be broadcast live over the internet and can be accessed via the Rollins website. For those unable to join the live call, a replay will be available on the website for 180 days.

Rollins (NYSE: ROL), a leading global consumer and commercial services company, has announced its participation in the J.P. Morgan 15th Annual U.S. All Stars Conference. The event will take place on September 18, 2024, at the London J.P. Morgan Headquarters.

Key details:

• Presenters: Jerry Gahlhoff (President and CEO) and Kenneth Krause (EVP, CFO, and Treasurer)
• Time: 9:00 a.m. - 9:45 a.m. E.T.
• Webcast: Available live and for 180 days after the event
• Access: https://www.rollins.com/news-events/ir-calendar

This presentation offers investors an opportunity to gain insights into Rollins' strategies and financial performance.

Rollins (NYSE: ROL) reported robust Q2 2024 financial results with revenues of $892 million, up 8.7% YoY, and organic revenue growth of 7.7%. Operating income rose by 17.8% to $182 million, with a margin of 20.4%, improving by 150 basis points. Adjusted EBITDA increased 15.3% to $210 million, yielding a margin of 23.6%, up 140 basis points. Net income reached $129 million, a 17.5% rise, and EPS grew by 22.7% to $0.27 per diluted share. Investments included $35 million in acquisitions and $9 million in capital expenditures, while $73 million was paid in dividends. Operating cash flow amounted to $145 million.

Management highlighted strong demand for services and a robust acquisition pipeline, projecting continuous growth and enhanced profitability.

Rollins (NYSE: ROL), a leading global consumer and commercial services company, has announced a regular quarterly cash dividend of $0.15 per share. The dividend will be payable on September 10, 2024 to shareholders of record at the close of business on August 12, 2024. This announcement demonstrates Rollins' commitment to providing consistent returns to its shareholders and reflects the company's financial stability. The regular dividend payout suggests confidence in the company's ongoing performance and cash flow generation capabilities.

Rollins (NYSE: ROL) will release its Q2 2024 financial results on July 24, 2024, after the market closes. A conference call to discuss the results will be held on July 25 at 8:30 a.m. ET. Participants can join via phone or online. A replay of the call will be available on the company's website for 180 days.