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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. (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.
Orkin, a pest control leader, introduces limited-edition Pest Infested Pops for Halloween, featuring flavors like Screamin' Scorpion and Creepy Cricket. This campaign aims to raise awareness about pest control as temperatures drop. Starting now, free pops are available for customers completing services in Georgia and online requests. Experts emphasize the importance of pest-proofing homes to prevent infestations during colder months. The initiative highlights common fall pests, including rodents and cockroaches, while promoting Orkin's proactive pest control solutions.
Orkin's Top 50 Rattiest Cities List has once again named Chicago as the most infested city for the eighth consecutive year. New York follows in second place, while Los Angeles drops to third. Notable changes include Hartford, CT and Miami entering the top 20. The ranking is based on the number of rodent treatments from September 2021 to August 2022. Approximately 21 million homes in the U.S. face rodent invasions annually, with an increased risk due to outdoor dining from the pandemic. Orkin advises homeowners to take preventive measures against these pests.
On October 5, 2022, Rollins, Inc. (NYSE: ROL) announced it will release its unaudited third quarter financial results for the period ending September 30, 2022, on October 26, 2022. A conference call to review these results is scheduled for 10:00 a.m. Eastern Time on the same day. Participants can join by calling 1-877-869-3839 (domestic) or 1-201-689-8265 (international), using conference ID 13733118. A replay will be available until November 2, 2022. Rollins, a global leader in pest control, serves over 2.8 million customers across various continents.
Rollins, Inc. (NYSE: ROL) has appointed Kenneth Krause as the new Executive Vice President, Chief Financial Officer, and Treasurer effective September 1, 2022. Krause brings over two decades of finance leadership experience, having previously served at MSA Safety Incorporated. His expertise is expected to enhance Rollins' strategic vision and shareholder value. The company emphasizes its focus on growth through both organic means and strategic acquisitions. Rollins operates globally, providing essential pest control services across various regions.
On July 27, 2022, Rollins Inc. (NYSE: ROL) announced an approved leadership succession plan where Jerry Gahlhoff Jr., currently President and COO, will transition to President and CEO effective January 1, 2023. Gary W. Rollins will remain as Chairman of the Board. With over 56 years at the company, Gary expressed confidence in Jerry's leadership, highlighting his extensive industry knowledge and past performance. The transition aims to strengthen the company’s operations while continuing the legacy of customer service and growth.
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