Rollins, Inc. Posts 45th Consecutive Quarter of Improved Revenue and Earnings

Staff Report From Metro Atlanta CEO

Thursday, July 27th, 2017

Rollins, Inc., a premier global consumer and commercial services company, reported unaudited financial results for its second quarter and six months ended June 30, 2017.

The Company recorded second quarter revenues of $433.6 million, an increase of 5.5% over the prior year's second quarter revenue of $411.1 million.  Rollins' net income increased 12.4% to $53.7 million or $0.25 per diluted share for the second quarter ended June 30, 2017, compared to $47.8 million or $0.22 per diluted share for the same period in 2016. 

Rollins' revenues rose 5.9% for the first six months of 2017 to $808.8 million compared to $763.9 million for the prior year.  Net income for the first six months of 2017 was $94.0 million, an increase of 17.9%, or $0.43 per diluted share compared to $79.7 million or $0.36 per diluted share for the same period last year. 

Commenting on the Company's financial results, Gary W. Rollins, Vice Chairman and Chief Executive Officer of Rollins, Inc. stated, "This quarter reflects a record performance in revenue and profits.  Our revenue growth reflects contributions from all of our businesses.  As you would expect, we are pleased with the results from our operational initiatives and their impact on customer and employee retention, as well as the bottom line."