Rollins - ROL STOCK NEWS

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.

Rollins, Inc. (NYSE: ROL) announced it will release its unaudited financial results for the fourth quarter and twelve months ended December 31, 2021, on January 26, 2022. A conference call will follow at 10:00 a.m. Eastern Time to discuss the results. Interested participants can join by calling specific numbers provided or listen live via the Rollins website. Rollins operates globally through several brands, delivering essential pest control services to over two million customers across continents.

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.