Form 8-K · Current Report · Filed 2024-07-24
Rollins, Inc. Reports Strong Second Quarter 2024 Financial Results with Double-Digit Earnings Growth
Rollins, Inc. reported strong unaudited financial results for the second quarter of 2024, demonstrating solid revenue growth and margin improvement. The company's revenues increased by 8.7% to $892 million, while organic revenues grew by 7.7%. Operating income rose by 17.8% to $182 million, and net income increased by 17.5% to $129 million. Earnings per share (EPS) improved significantly, with a 22.7% increase to $0.27 per diluted share compared to the prior year. Adjusted EBITDA also saw a 15.3% increase to $210 million. These results reflect the company's continued focus on operational excellence and growth.
- Filer
- Rollins, Inc. ROL · NYSE
- Filed
- Accession
- 0000084839-24-000090
- CIK
- 0000084839
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$49.95
Next session
-6.4%
Since filing
-24.0%
Latest close
$37.97
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ROL reporting the same item, with the next session's move:
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.
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