Rollins Stock Price, News & Analysis

Rollins Inc (NYSE: ROL) announced the nomination of Paul D. Donahue to stand for election to its Board of Directors at the 2025 Annual Meeting of Shareholders. Donahue currently serves as Non-Executive Chairman of Genuine Parts Company (GPC), a Fortune 200 global distributor of automotive and industrial parts.

Donahue's extensive experience includes serving as GPC's CEO from 2016 to 2024 and Chairman from 2019 to 2024. His 21-plus year tenure at GPC included executive leadership roles at S.P. Richards Company and the U.S. Automotive Parts Group. Before GPC, he held various leadership positions at Newell Rubbermaid since 1978.

John F. Wilson, Executive Chairman of Rollins' Board, expressed confidence in Donahue's nomination, citing his leadership experience, business expertise, and community commitment as valuable additions to the company.

NCR Atleos (NYSE: NATL) has appointed Traci Hornfeck as Chief Accounting Officer, effective March 31, 2025. Hornfeck brings nearly 25 years of experience in managing accounting functions for large public organizations. She joins from Rollins (NYSE: ROL), where she served as Chief Accounting Officer since 2021.

Prior to Rollins, Hornfeck held external reporting and controllership leadership roles at Equifax (NYSE: EFX), including serving as U.S. controller. She began her career at PricewaterhouseCoopers, LLP. The appointment comes as Atleos continues to strengthen its leadership team during its first full year as an independent public company.

Rollins Inc (NYSE:ROL) has appointed William (Will) Harkins as Chief Accounting Officer, effective March 17, 2025. Harkins joins from Mohawk Industries, where he served as Chief Accounting Officer and Corporate Controller.

The new executive brings significant experience from previous leadership roles at Mars Inc and The Coca-Cola Company, where he spent 14 years leading Corporate and North America shared services teams through major transformation initiatives. Harkins began his career at Ernst & Young LLP and holds both a Master of Accountancy and Bachelor of Business Administration in Accounting from the University of Georgia. He is also a Certified Public Accountant in Georgia.

Rollins (NYSE: ROL) has announced the pricing of $500 million in Senior Notes with a 5.25% interest rate, due in 2035. The notes offering, expected to close on February 24, 2025, is being made to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act.

The company plans to use the proceeds primarily to repay existing debt under its senior credit facility, along with general corporate purposes including dividends, share repurchases, acquisitions, working capital, and capital expenditures. The Notes will be guaranteed by Rollins' subsidiaries that are guarantors under its senior credit facility.

Rollins (NYSE:ROL) has received inaugural investment grade credit ratings from two major rating agencies. Fitch Ratings assigned a Long-Term Issuer Default Rating of BBB+ with a Stable outlook, while S&P Global Ratings assigned an Issuer Rating of BBB, also with a Stable outlook.

The company's CFO, Ken Krause, highlighted that these ratings represent a significant milestone in Rollins' business and capital structure modernization efforts. He emphasized the advantages these investment grade ratings provide in terms of flexibility and cost of capital, while reaffirming the company's commitment to conservative leverage, disciplined growth, and balanced capital allocation.

Rollins Inc (NYSE:ROL) reported strong financial results for Q4 and full-year 2024. Fourth quarter revenues increased 10.4% to $832 million, with organic revenues up 8.5% and acquisition-related revenues up 2.4%. Q4 adjusted EPS was $0.23, up 9.5% year-over-year.

For full-year 2024, revenues grew 10.3% to $3.4 billion, with organic revenues increasing 7.9%. Operating income rose 12.7% to $657 million, with operating margin expanding 40 basis points to 19.4%. Net income increased 7.2% to $466 million, while adjusted EPS grew 11.2% to $0.99.

The company generated operating cash flow of $608 million in 2024, up 15% from 2023. During the year, Rollins invested $157 million in acquisitions, $28 million in capital expenditures, and paid $298 million in dividends. For 2025, management expects continued strong organic growth supported by healthy pest control markets and operational execution, with focus on pricing and modernization efforts to maintain healthy margins.

Orkin has released its Top 50 Termite Cities list, with Miami maintaining its position as America's most termite-infested city, followed by Los Angeles and Tampa. The rankings are based on residential termite treatments performed by Orkin from January to December 2024. Notable changes include Houston entering the top 10, while Oklahoma City and Waco made their first appearances on the list.

According to Orkin, termites cause approximately $5 billion in annual damage to American homes. The company warns that increasing temperatures and longer warm periods are expanding termite activity, particularly in warmer-climate cities. The report identifies key warning signs of termite infestations and provides preventive measures for homeowners, including proper water drainage, maintenance of pipes and gutters, and regular inspection of wooden structures.

Rollins (NYSE:ROL) announced that its Board of Directors has declared a regular quarterly cash dividend of $0.165 per share on its common stock. The dividend will be payable on March 10, 2025 to shareholders of record at the close of business on February 25, 2025. This dividend represents a 10 percent increase compared to the same quarter of the previous year, demonstrating the company's commitment to returning value to shareholders.

Rollins Inc (NYSE:ROL) has announced it will release its fourth quarter and full year 2024 financial results after market close on Wednesday, February 12, 2025. The company will host a conference call to discuss these results on Thursday, February 13, 2025, at 8:30 a.m. Eastern Time.

Participants can join the call using 1-877-869-3839 (domestic) or +1-201-689-8265 (international) with conference ID 13751106. The call will be broadcast live online through the Rollins website. A replay will be available on the website for 180 days for those unable to join the live call.