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Mar 31, 2020
Rollins Q1 2020 Earnings Report
Reported strong financial results for the first quarter ended March 31, 2020.
Key Takeaways
Rollins, Inc. reported first quarter revenues of $487.9 million, an increase of 13.7% over the prior year. Net income was $43.3 million or $0.13 per diluted share, compared to $44.2 million or $0.14 per diluted share for the same period in 2019.
Recorded first quarter revenues of $487.9 million, a 13.7% increase year-over-year.
Net income was $43.3 million, or $0.13 per diluted share.
Operational adjustments were made in response to COVID-19.
Launched VitalClean disinfectant service for businesses.
Rollins
Rollins
Forward Guidance
The company has taken proactive steps including but not limited to furloughs, selected pay reductions, and the reduction of non-essential expenses.
Positive Outlook
- Entering into termite and mosquito seasons, which will provide revenue building opportunities.
- Well positioned to adjust business further if necessary.
- Pest control being deemed as an essential service.
- Company has been able to remain operational in every part of the world in which it operates.
- Launched a new disinfectant service for businesses – VitalClean™
Challenges Ahead
- Uncertainty of when the economy might rebound.
- Uncertainty of when the financial crisis will end.
- Furloughs implemented.
- Selected pay reductions implemented.
- Reduction of non-essential expenses.