Rollins - ROL STOCK NEWS

Rollins, Inc. (NYSE:ROL) reported a strong first quarter for 2021, with total revenues reaching $535.6 million, a 9.8% increase from $487.9 million in Q1 2020. The earnings per share (EPS) was $0.19, including $0.05 from non-recurring property dispositions, while the adjusted EPS was $0.14. Residential revenues saw a significant growth of 14.9%, boosted by a 12.2% increase in termite services. The sale of properties from the acquisition of Clark Pest Control contributed $31.1 million in gains.

Rollins, Inc. (NYSE: ROL) announced a quarterly cash dividend of $0.08 per share, payable on June 10, 2021, to stockholders on record as of May 10, 2021. The company, providing pest control services through various brands globally, serves over two million customers across multiple continents.

Rollins, Inc. (NYSE:ROL) announced the election of Jerry W. Nix as Lead Director and Susan Bell as Chairperson of the Audit Committee, succeeding Henry B. Tippie. Nix, previously with Genuine Parts Company, brings extensive financial experience and assumes multiple committee roles. Bell, a former partner at Ernst & Young, also chairs the Diversity Committee, enhancing corporate governance. CEO Gary W. Rollins expressed confidence in their leadership, emphasizing its potential benefit for the company.

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.