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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
According to Orkin's latest report, Miami has taken the top spot on the Top 50 Termite Cities List, surpassing Los Angeles. The ranking is based on termite treatment data from February 1, 2022, to January 31, 2023. Following Miami and Los Angeles, Tampa, Washington, D.C., and Raleigh round out the top five cities. Notably, termites cause over $5 billion in property damage annually in the U.S., often not covered by insurance. The press release highlights the importance of inspecting homes for termites, especially during the homebuying season, to prevent costly damage.
Rollins, Inc. (NYSE:ROL) has announced a new $1.0 billion senior unsecured revolving credit facility, replacing its previous facility due to mature in April 2024. This five-year agreement matures in February 2028 and allows for sustainability-linked targets, enhancing financial flexibility. CFO Kenneth Krause emphasized its role in modernizing capital structure and supporting growth strategies. The facility aims to strengthen cash flow and supports the company's Environmental, Social, and Governance (ESG) initiatives, which the company believes will deliver long-term stakeholder value.
Rollins, Inc. (NYSE:ROL) reported robust financial results for Q4 and the full year ended December 31, 2022. Q4 revenues reached $661.4 million, a 10.2% increase year-over-year, with organic revenue growth of 6.9%. Operating income surged 28.5% to $119.9 million, leading to an operating margin of 18.1%.
Net income rose 26.1% to $84.3 million, translating to EPS of $0.17. For the full year, revenues totaled $2,695.8 million, an 11.2% increase, while operating income grew 10.2%. The company continues to focus on strong cash flow generation and strategic growth through acquisitions.
Rollins, Inc. (NYSE: ROL) has declared a quarterly cash dividend of $0.13 per share, payable on March 10, 2023. This dividend reflects a significant increase of 30% compared to the same quarter last year. Shareholders must be on record by the close of business on February 10, 2023. Rollins operates a variety of pest control brands, serving over 2.8 million customers globally across 800 locations. The increase in dividend showcases the company's commitment to returning value to its investors while maintaining its status as a leader in consumer and commercial pest control services.
Rollins, Inc. (NYSE: ROL) will release its unaudited fourth quarter and full year financial results for the year ended December 31, 2022, after market close on February 15, 2023. A conference call to discuss these results will occur on February 16, 2023, at 8:30 a.m. Eastern Time. This scheduling change aligns with the company's new governance calendar. Participants can join the call at 1-877-869-3839 domestically or 1-201-689-8265 internationally, with a conference ID of 13735127. A replay will be available on their website for 180 days.
Rollins, Inc. (NYSE: ROL) announced that Kenneth Krause and Julie Bimmerman will present at key investor conferences in November 2022. These include the Baird 2022 Global Industrial Conference on November 9 and the Credit Suisse 10th Annual Global Industrials Conference on November 30. Live webcasts of the presentations will be available, with replays accessible for 90 days afterward. Additionally, they will participate in the J.P. Morgan Ultimate Services Investor Conference on November 17. Rollins provides pest control services globally, serving over 2.8 million customers.
Rollins, Inc. (ROL) reported robust third-quarter results, with revenues of $729.7 million, reflecting a 12.2% increase from Q3 2021. Organic revenue grew 8.6% to $706.0 million. Operating income rose 13.3% to $143.7 million, while quarterly net income increased 14.7% to $107.6 million, translating to an EPS of $0.22. Strong cash flow generation reached $127.7 million, up 60.2% year-over-year, with a 30% increase in quarterly dividends to $49.2 million. The company remains optimistic for Q4 2022 and emphasizes growth through acquisitions.
On October 25, 2022, Rollins, Inc. (NYSE: ROL) announced a 30% increase in its regular quarterly cash dividend, now set at $0.13 per share. The dividend is payable on December 9, 2022, to stockholders of record by the close of business on November 10, 2022. This increase reflects the company's commitment to returning capital to shareholders and confidence in its future growth.
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