Welcome to our dedicated page for Rollins news (Ticker: ROL), a resource for investors and traders seeking the latest updates and insights on Rollins stock.
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, Inc. (NYSE:ROL) announced the retirement of Henry B. Tippie, who served as a director for 56 years and CFO for nearly 18 years. At 94, Tippie played a pivotal role in the company's growth, including the historic 1964 acquisition of Orkin, which valued at $62.4 million, helped elevate Rollins' revenues from $9.1 million to over $2 billion today. His long tenure included notable milestones like the company’s 1968 stock listing. Chairman Gary W. Rollins credited Tippie's leadership as essential to the company's success.
Rollins, Inc. (NYSE: ROL) announced the retirement of Chief Information Officer Lee W. Crump after 12 years, effective April 6, 2021. His successor, Thomas D. Tesh, previously served as Vice President of Information Technology from 2012 to 2020, overseeing various IT functions. CEO Gary Rollins praised Crump's contributions to IT advancements and team development. Rollins is a global consumer and commercial services company provides pest control services to over two million customers worldwide through multiple brands and locations.
Rollins, Inc. (NYSE: ROL) will release its unaudited first quarter financial results for the period ending March 31, 2021, on April 28, 2021. A conference call will be held on the same day at 10:00 a.m. Eastern Time to discuss the financial performance. Participants can join the call by dialing 1-877-407-9716 domestically or 1-201-493-6779 internationally, using conference ID 13717965. A replay will be available until May 5, 2021. Rollins operates globally, providing essential pest control services through various brands.
On March 22, 2021, Orkin announced Miami, Los Angeles, and Tampa as the top three cities on its annual Top 50 Termite Cities List. Miami retains its number one position for three consecutive years. Notably, New York dropped from fourth to seventh, overtaken by Washington, DC. The report highlighted increased termite activity correlating with the pandemic and a record number of storms in 2020, which created favorable conditions for termites. Columbia, SC saw the largest improvement, moving up eight spots this year.
On February 1, 2021, Orkin announced Chicago as the top city in its annual Bed Bug Cities List, followed by Baltimore and Washington, D.C. Despite decreased travel in 2020, bed bugs thrived in tourist-heavy Chicago, which welcomes over 48 million visitors each year. The ranking is based on treatment data from December 2019 to November 2020, covering both residential and commercial treatments. Toledo made the largest leap, rising 23 spots to 27th place, with Denver and Charleston entering the top 20. Orkin advises vigilance against bed bugs as travel resumes in 2021.
Rollins, Inc. (NYSE:ROL) reported strong financial results for Q4 2020, with total revenues of $536.3 million, a 6.0% increase from $506.0 million in Q4 2019. Full-year revenues rose 7.2% to $2.161 billion. The company recorded net income of $62.6 million, or $0.13 per diluted share for Q4, up from $50.8 million or $0.10 per share last year. For 2020, net income reached $260.8 million, or $0.53 per share, despite a $6.7 million non-cash charge. Adjusted net income was $267.5 million, boosting overall growth amid challenges from COVID-19.
Rollins, Inc. (NYSE: ROL) announced a quarterly cash dividend of $0.08 per share, payable on March 10, 2021. Stockholders of record will be confirmed as of the close of business on February 10, 2021. The company is a global leader in consumer and commercial pest control services, operating over 700 locations across multiple continents, servicing more than two million customers. This dividend declaration reflects the company's commitment to returning value to its shareholders.
Rollins, Inc. (NYSE: ROL) will announce its unaudited financial results for Q4 and the full year 2020 on January 27, 2021. A conference call is scheduled for the same day at 10:00 a.m. Eastern Time to discuss the results. Interested participants can join by calling 1-877-407-9716 (domestic) or 1-201-493-6779 (international) using conference ID 13714448. A replay will be available until February 3, 2021. Rollins, a leading global pest control services company, operates numerous brands and serves over two million customers worldwide.
Rollins, Inc. (NYSE: ROL) has announced the election of Patrick Gunning to its Board of Directors, succeeding Jimmy Williams, who retires after 42 years of service. Gunning, who has extensive experience in financial management, previously served as CFO of the Robert W. Woodruff Arts Center and held multiple leadership roles at Ernst & Young. He is a Certified Public Accountant and brings valuable expertise in financial reporting, capital markets, and mergers. The management transition aims to strengthen the board's strategic capabilities.
Rollins, Inc. (NYSE:ROL) has announced the election of Susan Bell to its Board of Directors, effective January 1, 2021. Bell succeeds Bill Dismuke, who is retiring. With a 36-year career at Ernst and Young, Bell brings extensive experience in audit, risk advisory, and financial services. She is a Certified Public Accountant and has served in various leadership roles, demonstrating expertise in enterprise risk management, compliance, and financial systems. CEO Gary W. Rollins emphasized that Bell's diverse experience will be critical in shaping the company's future.
FAQ
What is the current stock price of Rollins (ROL)?
What is the market cap of Rollins (ROL)?
