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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, Inc. (ROL) reported a robust financial performance for Q1 2023 with $658.0 million in revenue, reflecting an 11.4% year-over-year increase. Organic revenue growth was recorded at 9.2%. Operating income also saw a significant rise, reaching $112.2 million, a 20.2% increase from last year. The company's net income climbed by 19.6% to $88.2 million, translating to earnings per share (EPS) of $0.18, a 20% increase from $0.15 in Q1 2022. Operational cash flow improved by 15.1% to $100.8 million, while free cash flow surged to $93.1 million, a 17.1% increase. The Company recently acquired FPC Holdings, LLC for $318 million.
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