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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 reported a record revenue of $714.0 million for Q2 2022, an 11.9% increase from Q2 2021. Organic revenues grew 8.7% to $693.6 million. Net income stood at $100.3 million, maintaining $0.20 per diluted share, similar to the previous year. However, results were affected by rising costs in labor, advertising, and materials. For the first half of 2022, revenues rose 11.2% to $1.305 billion, but net income fell to $172.7 million from $191.5 million in 2021. The company remains optimistic about future growth despite increased costs.
Rollins, Inc. (NYSE:ROL) announced a quarterly cash dividend of $0.10 per share, payable on September 9, 2022 to shareholders of record by the close of business on August 10, 2022.
The company provides pest control services globally through its brands, serving over 2.8 million customers across multiple continents from more than 800 locations.
Rollins, Inc. (NYSE: ROL) has announced the release of its unaudited second quarter financial results for the period ending June 30, 2022, scheduled for July 27, 2022. A conference call will be held at 10:00 a.m. Eastern Time on the same day to discuss the financial and operational results. Participants can join the call via phone or listen online through the company's website. Rollins provides pest control services globally through various brands, serving over 2.8 million customers from more than 800 locations.
Rollins, Inc. (NYSE: ROL) has been ranked 15th in BMW Group's Top 50 Green Fleets list, a rise of two spots from the previous year. The company operates a fleet comprising 1,285 flex fuel vehicles, 435 hybrid electric vehicles, 5 electric vehicles, and 1 CNG vehicle, contributing to reduced carbon emissions. President Jerry Gahlhoff emphasizes the company's commitment to environmental responsibility and operational efficiency through optimized routing and vehicle selection. This recognition reflects Rollins' dedication to greener practices and its positive impact on business and communities.
Orkin has ranked Los Angeles as the top city for mosquito problems for the second consecutive year, followed by Chicago and New York. In response to increased mosquito activity as summer approaches, Orkin will donate $25 to the American Red Cross for every mosquito control service sold from May 24 to June 30, up to $150,000. This initiative is part of Orkin's 'Mosquitoes Don't Deserve a Drop' campaign, aimed at combating mosquito-related health threats. The company encourages blood donations and has collaborated with the Red Cross since 2020 to support public health initiatives.
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.
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