Rollins, Inc. - ROL STOCK NEWS

Rollins, Inc. (NYSE: ROL) announced the acquisition of seven branches in Southeast and Southwest Florida from Hulett Environmental Services. This deal marks an expansion for Northwest Exterminating, one of Rollins' subsidiaries, into South Florida as part of their strategy to enhance customer service capabilities.

Tim Hulett expressed satisfaction with the deal, emphasizing a balance between business operations and family time. The branches will undergo rebranding in 2022, further integrating into Northwest Exterminating's operations.

On November 15, 2021, Rollins, Inc. (NYSE: ROL) Chairman and CEO Gary Rollins was awarded the prestigious Lifetime Achievement Award at the NPMA PestWorld 2021 conference in Las Vegas. This honor recognizes his over 55 years of contributions to the pest control industry. Rollins, who started his career as a service technician, has significantly influenced the company's growth. Additionally, Orkin President Freeman Elliott received the 2021 Crown Leadership Award, reflecting his commitment to high industry standards.

Rollins, Inc. (NYSE:ROL) reported strong financial results for Q3 and the first nine months of 2021. Revenues for Q3 reached $650.2 million, an increase of 11.4% from $583.7 million in Q3 2020. Net income for Q3 rose to $93.9 million or $0.19 per diluted share, up from $79.6 million or $0.16 per diluted share. For the first nine months, revenues increased 12.2% to $1.824 billion, with net income at $285.4 million or $0.58 per diluted share. The company also realized a $31.5 million pre-tax gain from property disposals. Rollins expressed confidence in continued success.

Rollins, Inc. (NYSE: ROL) announced the election of Jerry Gahlhoff, Jr. to its Board of Directors, effective October 26, 2021. Gahlhoff, the current President and COO, has been with the company since its HomeTeam acquisition in 2008. On the same date, the Board declared a quarterly cash dividend of $0.10 per share and a special year-end cash dividend of $0.08 per share, payable on December 10, 2021, to stockholders of record by November 10, 2021.

Orkin released its 2021 Top 50 Rattiest Cities List, with Chicago ranking first for the seventh straight year. Los Angeles and New York follow in second and third positions, respectively. Notably, Cleveland enters the top 10 at #10, while Baltimore rises to #6. Portland, Maine, and Louisville, Kentucky, also debut in the rankings at #38 and #40. The rankings reflect the number of rodent treatments from September 2020 to September 2021. Increased rodent visibility during the pandemic prompted the CDC to issue guidelines for rodent prevention.

Rollins, Inc. (NYSE: ROL) announced the release of its unaudited financial results for the third quarter and nine months ended September 30, 2021, set for October 27, 2021. A conference call to discuss these results will occur on the same day at 10:00 a.m. Eastern Time. Participants can join by calling specified numbers or accessing the broadcast online. Rollins operates globally, providing pest control services through well-known brands, reaching over two million customers across multiple continents.

HomeTeam Pest Defense, a leading U.S. pest control company, has partnered with over 1,000 builders to install the Taexx built-in pest control system in 1.5 million new homes. This system effectively combats pests through a virtual barrier within walls, enhancing treatment longevity and safety for families and pets. Celebrating its 25th anniversary, HomeTeam reports high satisfaction rates among homeowners, with 97% expressing very high satisfaction with Taexx. The system is only installed during new construction, emphasizing its innovative appeal for modern home buyers.

Rollins, Inc. (NYSE:ROL) reported strong financial results for Q2 and the first half of 2021. Revenues reached $638.2 million, up 15.3% from $553.3 million year-over-year. Net income for Q2 was $98.9 million or $0.20 per diluted share, compared to $75.4 million or $0.15 in 2020. Year-to-date revenues rose 12.7% to $1.174 billion, with a net income of $191.5 million or $0.39 per diluted share. The company disposed of properties from the 2019 acquisition of Clark Pest Control, gaining $31.5 million pre-tax for the six-month period.