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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) reported robust financial results for Q1 2022, with revenues of $590.7 million, up 10.3% from Q1 2021's $535.6 million. Organic revenues also rose 7.0% to $573.1 million. However, net income fell to $72.4 million or $0.15 per diluted share, down from $92.6 million or $0.19 per diluted share year-over-year. Adjusted net income for Q1 2021 was $69.8 million or $0.14 per diluted share. CEO Gary W. Rollins expressed confidence in the company's strategic growth for 2022.
Rollins, Inc. (NYSE:ROL) announced a regular quarterly cash dividend of $0.10 per share, payable on June 10, 2022, to stockholders on record as of May 10, 2022. This dividend declaration reflects the company's ongoing commitment to returning value to its shareholders. Rollins, Inc. operates globally through various brands, offering essential pest control services to over two million customers across multiple continents.
Rollins Inc. (NYSE: ROL) announced a settlement with the U.S. SEC on April 18, 2022, resolving an investigation regarding adjustments to accruals that affected earnings per share in Q1 2016 and Q2 2017. The company will pay an $8 million civil penalty, already accrued in its 2021 financial statements. Elizabeth Chandler, the Vice President, noted that Rollins has since strengthened its internal financial controls. Importantly, there will be no restatement of past financial results, and individuals responsible during the relevant period are no longer with the company.
On April 14, 2022, Rollins, Inc. (NYSE: ROL) announced its acquisition of NBC Environment, a UK-based pest control company, marking its largest acquisition in the UK to date. Founded in 1993, NBC Environment specializes in bird and wildlife management with over 100 employees. The acquisition aims to enhance Orkin's nationwide service coverage in the UK. John Dickson, managing director of NBC, emphasized alignment in company culture and ambitions with Orkin. The acquisition continues Orkin's expansion strategy following several acquisitions since 2016.
Rollins, Inc. (NYSE: ROL) announced it will release its unaudited first quarter financial results for the period ending March 31, 2022, on April 27, 2022. A conference call will follow at 10:00 a.m. ET on the same day to discuss the financial and operating results. Interested participants can call 1-877-869-3839 for domestic or 1-201-689-8265 for international access, using conference ID 13728548. A replay will be available until May 4, 2022. Rollins, through its brands, provides pest control services to over two million customers globally.
Rollins, Inc. (NYSE: ROL) reported robust financial results for Q4 and the fiscal year 2021. Q4 revenues surged to $600.3 million, an 11.9% increase from $536.3 million in Q4 2020. Net income for the quarter was $65.3 million, or $0.13 per diluted share, slightly up from $62.6 million in the prior year. For the full year, revenues reached $2.424 billion, a 12.2% rise compared to $2.161 billion in 2020. Net income also improved to $350.7 million, or $0.71 per diluted share. Adjusted net income for the year was $335.5 million, reflecting strong operational performance despite ongoing SEC matters.
Rollins, Inc. (NYSE:ROL) announced the declaration of a regular quarterly cash dividend of $0.10 per share, payable on March 10, 2022. Stockholders of record will be recorded by the close of business on February 10, 2022. This dividend highlights the company's ongoing commitment to returning value to shareholders. Rollins operates through a variety of pest control brands and serves millions of customers across multiple continents, reinforcing its position as a global leader in the consumer and commercial services sector.
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