Form 8-K · Current Report · Filed 2024-04-24
Rollins, Inc. Reports Strong Q1 2024 Financial Results with Revenue and Earnings Growth
Rollins, Inc. announced its first quarter 2024 financial results, reporting a 13.7% increase in revenues to $748 million, driven by double-digit growth across all major service lines. The company saw a 7.5% organic revenue increase and a 18.0% rise in quarterly operating income to $132 million. Adjusted operating income increased by 22.7% to $138 million, and adjusted EBITDA grew by 19.3% to $161 million. Net income rose 7.0% to $94 million, and adjusted net income increased by 16.1% to $98 million. Rollins also experienced a 26.5% increase in operating cash flow to $127 million.
- Filer
- Rollins, Inc. ROL · NYSE
- Filed
- Accession
- 0000084839-24-000062
- CIK
- 0000084839
- Signal
- Medium impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Exhibits (1)
About Rollins, Inc.
Rollins, Inc. is a prominent global leader in the field of pest and wildlife management. It operates primarily through its renowned subsidiary, Orkin, along with other brands including HomeTeam Pest Defense and Western Pest Services. The company delivers essential services to both residential and commercial clients, focusing on the control and elimination of pests such as termites, insects, and rodents, as well as wildlife management. Rollins’ operations span multiple continents, providing comprehensive services across the United States, Canada, Europe, Central America, Oceania, and Asia. The company plays a vital role in health and hygiene maintenance through its pest control solutions, ensuring that environments remain safe from the potential hazards posed by pests. By employing advanced technology and skilled technicians, Rollins maintains its reputation for reliability and effectiveness in pest control. Its extensive network of service centers enables Rollins to have a significant presence in the market, positioning the firm as a key player in the environmental services sector.
Get alerted the next time Rollins, Inc. files
Profitelligence watches EDGAR around the clock and alerts you within seconds.