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Rollins, Inc. (NYSE: ROL) is a premier global consumer and commercial services company renowned for its essential pest control services. With a robust portfolio of subsidiaries such as Orkin, HomeTeam Pest Defense, Western Pest Services, and The Industrial Fumigant Company, Rollins provides protection against termite damage, rodents, and insects. These services reach over 2.8 million customers across North America, South America, Europe, Asia, Africa, and Australia, operating from more than 800 locations and employing over 19,000 people.
Core Business: Rollins' core business revolves around pest control and termite prevention services. The company's flagship brand, Orkin, is a market leader in the U.S. and Canada, offering comprehensive pest management solutions for residential and commercial clients. Rollins also owns subsidiaries like Clark Pest Control and Critter Control, enhancing its service offering and geographic reach.
Recent Achievements: Rollins reported strong financial results for the fourth quarter and full year of 2023, achieving record revenue and healthy margins. The company continues to focus on organic growth and strategic acquisitions, with a robust pipeline of potential deals. Recent acquisitions include Fox Pest Control, which has been seamlessly integrated into Rollins' operations.
Current Projects: Rollins is actively enhancing its service offerings through modernization and continuous improvement initiatives. The company is committed to leveraging technology to improve service delivery and customer satisfaction. Orkin recently launched the
Rollins (NYSE: ROL) has announced the pricing of $500 million in Senior Notes with a 5.25% interest rate, due in 2035. The notes offering, expected to close on February 24, 2025, is being made to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.
The company plans to use the proceeds primarily to repay existing debt under its senior credit facility, along with general corporate purposes including dividends, share repurchases, acquisitions, working capital, and capital expenditures. The Notes will be guaranteed by Rollins' subsidiaries that are guarantors under its senior credit facility.
Rollins (NYSE:ROL) has received inaugural investment grade credit ratings from two major rating agencies. Fitch Ratings assigned a Long-Term Issuer Default Rating of BBB+ with a Stable outlook, while S&P Global Ratings assigned an Issuer Rating of BBB, also with a Stable outlook.
The company's CFO, Ken Krause, highlighted that these ratings represent a significant milestone in Rollins' business and capital structure modernization efforts. He emphasized the advantages these investment grade ratings provide in terms of flexibility and cost of capital, while reaffirming the company's commitment to conservative leverage, disciplined growth, and balanced capital allocation.
Rollins Inc (NYSE:ROL) reported strong financial results for Q4 and full-year 2024. Fourth quarter revenues increased 10.4% to $832 million, with organic revenues up 8.5% and acquisition-related revenues up 2.4%. Q4 adjusted EPS was $0.23, up 9.5% year-over-year.
For full-year 2024, revenues grew 10.3% to $3.4 billion, with organic revenues increasing 7.9%. Operating income rose 12.7% to $657 million, with operating margin expanding 40 basis points to 19.4%. Net income increased 7.2% to $466 million, while adjusted EPS grew 11.2% to $0.99.
The company generated operating cash flow of $608 million in 2024, up 15% from 2023. During the year, Rollins invested $157 million in acquisitions, $28 million in capital expenditures, and paid $298 million in dividends. For 2025, management expects continued strong organic growth supported by healthy pest control markets and operational execution, with focus on pricing and modernization efforts to maintain healthy margins.
Orkin has released its Top 50 Termite Cities list, with Miami maintaining its position as America's most termite-infested city, followed by Los Angeles and Tampa. The rankings are based on residential termite treatments performed by Orkin from January to December 2024. Notable changes include Houston entering the top 10, while Oklahoma City and Waco made their first appearances on the list.
According to Orkin, termites cause approximately $5 billion in annual damage to American homes. The company warns that increasing temperatures and longer warm periods are expanding termite activity, particularly in warmer-climate cities. The report identifies key warning signs of termite infestations and provides preventive measures for homeowners, including proper water drainage, maintenance of pipes and gutters, and regular inspection of wooden structures.
Rollins (NYSE:ROL) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.165 per share on its common stock. The dividend will be payable on March 10, 2025 to shareholders of record at the close of business on February 25, 2025. This dividend represents a 10 percent increase compared to the same quarter of the previous year, demonstrating the company's commitment to returning value to shareholders.
Rollins Inc (NYSE:ROL) has announced it will release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 12, 2025. The company will host a conference call to discuss these results on Thursday, February 13, 2025, at 8:30 a.m. Eastern Time.
Participants can join the call using 1-877-869-3839 (domestic) or +1-201-689-8265 (international) with conference ID 13751106. The call will be broadcast live online through the Rollins website. A replay will be available on the website for 180 days for those unable to join the live call.
Rollins (NYSE:ROL), a leading global consumer and commercial services company, announced that Kenneth Krause, Executive Vice President, Chief Financial Officer, and Treasurer, will present at two upcoming investor conferences.
The first presentation will be at the Baird 2024 Global Industrial Conference at the Ritz-Carlton Chicago on November 14, 2024, from 9:30 a.m. – 10:00 a.m. E.T.
The second presentation will be at the UBS Global Industrials & Transportation Conference at the Eau Resort Palm Beach on December 4, 2024, from 10:30 a.m. – 11:10 a.m. E.T.
Both events will be webcast live and accessible at Rollins' presentations page. Replays will be available for 180 days post-event under the "News and Events" menu. Note that the schedule is subject to change.
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.
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