Rollins Stock Price, News & Analysis

Orkin's Top 50 Rattiest Cities List has once again named Chicago as the most infested city for the eighth consecutive year. New York follows in second place, while Los Angeles drops to third. Notable changes include Hartford, CT and Miami entering the top 20. The ranking is based on the number of rodent treatments from September 2021 to August 2022. Approximately 21 million homes in the U.S. face rodent invasions annually, with an increased risk due to outdoor dining from the pandemic. Orkin advises homeowners to take preventive measures against these pests.

On October 5, 2022, Rollins, Inc. (NYSE: ROL) announced it will release its unaudited third quarter financial results for the period ending September 30, 2022, on October 26, 2022. A conference call to review these results is scheduled for 10:00 a.m. Eastern Time on the same day. Participants can join by calling 1-877-869-3839 (domestic) or 1-201-689-8265 (international), using conference ID 13733118. A replay will be available until November 2, 2022. Rollins, a global leader in pest control, serves over 2.8 million customers across various continents.

Rollins, Inc. (NYSE: ROL) has appointed Kenneth Krause as the new Executive Vice President, Chief Financial Officer, and Treasurer effective September 1, 2022. Krause brings over two decades of finance leadership experience, having previously served at MSA Safety Incorporated. His expertise is expected to enhance Rollins' strategic vision and shareholder value. The company emphasizes its focus on growth through both organic means and strategic acquisitions. Rollins operates globally, providing essential pest control services across various regions.

On July 27, 2022, Rollins Inc. (NYSE: ROL) announced an approved leadership succession plan where Jerry Gahlhoff Jr., currently President and COO, will transition to President and CEO effective January 1, 2023. Gary W. Rollins will remain as Chairman of the Board. With over 56 years at the company, Gary expressed confidence in Jerry's leadership, highlighting his extensive industry knowledge and past performance. The transition aims to strengthen the company’s operations while continuing the legacy of customer service and growth.

Rollins reported a record revenue of $714.0 million for Q2 2022, an 11.9% increase from Q2 2021. Organic revenues grew 8.7% to $693.6 million. Net income stood at $100.3 million, maintaining $0.20 per diluted share, similar to the previous year. However, results were affected by rising costs in labor, advertising, and materials. For the first half of 2022, revenues rose 11.2% to $1.305 billion, but net income fell to $172.7 million from $191.5 million in 2021. The company remains optimistic about future growth despite increased costs.

Rollins, Inc. (NYSE:ROL) announced a quarterly cash dividend of $0.10 per share, payable on September 9, 2022 to shareholders of record by the close of business on August 10, 2022.

The company provides pest control services globally through its brands, serving over 2.8 million customers across multiple continents from more than 800 locations.

Rollins, Inc. (NYSE: ROL) has announced the release of its unaudited second quarter financial results for the period ending June 30, 2022, scheduled for July 27, 2022. A conference call will be held at 10:00 a.m. Eastern Time on the same day to discuss the financial and operational results. Participants can join the call via phone or listen online through the company's website. Rollins provides pest control services globally through various brands, serving over 2.8 million customers from more than 800 locations.

Rollins, Inc. (NYSE: ROL) has been ranked 15th in BMW Group's Top 50 Green Fleets list, a rise of two spots from the previous year. The company operates a fleet comprising 1,285 flex fuel vehicles, 435 hybrid electric vehicles, 5 electric vehicles, and 1 CNG vehicle, contributing to reduced carbon emissions. President Jerry Gahlhoff emphasizes the company's commitment to environmental responsibility and operational efficiency through optimized routing and vehicle selection. This recognition reflects Rollins' dedication to greener practices and its positive impact on business and communities.

Orkin has ranked Los Angeles as the top city for mosquito problems for the second consecutive year, followed by Chicago and New York. In response to increased mosquito activity as summer approaches, Orkin will donate $25 to the American Red Cross for every mosquito control service sold from May 24 to June 30, up to $150,000. This initiative is part of Orkin's 'Mosquitoes Don't Deserve a Drop' campaign, aimed at combating mosquito-related health threats. The company encourages blood donations and has collaborated with the Red Cross since 2020 to support public health initiatives.