Rollins, Inc. - ROL STOCK NEWS

Rollins (NYSE: ROL) announced the retirement of long-serving board member Bill J. Dismuke, who contributed 36 years of leadership since 1984. Jerry W. Nix has been appointed to the board, bringing extensive financial expertise from his tenure as former CFO of Genuine Parts Company. Nix's appointment is expected to benefit Rollins with his diverse experience in finance and management. The company, a global leader in pest control services, operates under various brands, serving millions of customers across multiple continents.

Rollins, Inc. (NYSE:ROL) has announced a three-for-two stock split approved by its Board of Directors, effective December 10, 2020. Shareholders of record as of November 10, 2020, will receive one additional share for every two shares held, with cash paid for fractional shares. Additionally, the company declared a regular quarterly cash dividend of $0.08 per share and a special year-end dividend of $0.13 per share, both payable on December 10, 2020.

Orkin has published its annual Top 50 Rattiest Cities List, revealing Chicago as the top city for the sixth consecutive year. The list is based on rodent treatments conducted from September 1, 2019, to August 31, 2020. Baltimore joins the Top 10 at eighth place, while San Diego climbs to 19th. Increased rodent visibility has raised concerns, particularly due to pandemic-related changes in food availability. Rodents can cause significant structural damage and health risks, making prevention crucial as colder months approach. Homeowners are advised to take proactive measures to avoid infestations.

Rollins, Inc. (NYSE: ROL) announced it will release its unaudited third quarter and nine months financial results for the period ending September 30, 2020 on October 28, 2020. The company will host a conference call on the same day at 10:00 AM ET to discuss its financial and operating results. Interested parties can join the call by dialing 1-877-407-9716 (domestic) or 1-201-493-6779 (international) with the conference ID 13710819. A replay will be available until November 4, 2020.

The Rollins Board of Directors has announced significant leadership changes, promoting Gary W. Rollins to Board Chairman, John Wilson to Vice Chairman, and Jerry Gahlhoff to President/COO. Wilson, with over two decades at Rollins, will focus on critical projects and mentorship for emerging leaders. Gahlhoff has a strong tenure since the HomeTeam acquisition in 2008, recently leading multiple brands under Rollins. The Board emphasizes the extensive experience and leadership qualities of both Wilson and Gahlhoff as vital for the company's future.

On August 26, 2020, Rollins, Inc. (NYSE: ROL) announced the election of Harry J. Cynkus as a new Director. Cynkus previously served as Senior Vice President, CFO, and Treasurer of Rollins from 1998 to 2015. With extensive experience in finance from companies such as Tyco International and ARAMARK, his addition is seen as beneficial for the Board. Gary W. Rollins, Vice Chairman, expressed confidence in Cynkus's skills contributing to the company's growth.

Rollins, Inc. (NYSE:ROL) announced the passing of R. Randall Rollins, Chairman of the Board, at the age of 88. His death is a significant loss for the company, which he dedicated over 70 years of service. Vice Chairman Gary W. Rollins and Lead Director Henry B. Tippie will continue in their leadership roles during the succession planning process. Mr. Rollins was instrumental in the company's growth and diversification, including major business moves like the acquisition of Orkin Pest Control in 1964. He is survived by his wife and children.

Rollins, Inc. (ROL) reported a robust financial performance for Q2 2020, with total revenue reaching $553.3 million, a 5.6% increase from $524.0 million in Q2 2019. Net income grew 17.2% to $75.4 million, translating to an EPS of $0.23, up from $0.20 the previous year. Despite challenges posed by the COVID-19 pandemic, residential revenues soared 14.8%, aided by operational adjustments and cost containment measures. The launch of VitalClean sanitation services was pivotal in aiding businesses to reopen safely.

Rollins, Inc. (NYSE:ROL) reported robust financial results for Q2 2020, with total revenue rising 5.6% to $553.3 million, compared to $524.0 million in Q2 2019. Residential revenues surged 14.8%, reflecting strong new customer sales. Net income climbed 17.2% to $75.4 million, translating to an EPS increase to $0.23 from $0.20. The company implemented operational adjustments to navigate the economic challenges posed by COVID-19, including cost containment measures and the launch of VitalClean sanitation services.