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Mar 31, 2023
Rollins Q1 2023 Earnings Report
Rollins reported strong financial results for Q1 2023, marked by revenue growth and increased earnings per share.
Key Takeaways
Rollins, Inc. reported an 11.4% increase in first-quarter revenue, reaching $658.0 million. The company's earnings per share increased by 20.0% to $0.18. Operating cash flow also saw a 15.1% increase, and the company invested in acquisitions and capital expenditures while maintaining strong cash flow generation.
First quarter revenues increased by 11.4% to $658.0 million, with organic revenues increasing by 9.2%.
Operating income rose by 20.2% to $112.2 million, with an operating margin of 17.1%.
Net income increased by 19.6% to $88.2 million, and EPS increased by 20.0% to $0.18 per diluted share.
Operating cash flow increased by 15.1% to $100.8 million, with free cash flow increasing by 17.1% to $93.1 million.
Revenue by Segment
Forward Guidance
Rollins anticipates a healthy demand environment and a robust acquisition pipeline as it enters the second quarter. The company is focused on driving growth, improving margins, and maintaining strong cash flows, and believes its balance sheet positions it well for continued investment in profitable growth.
Positive Outlook
- Healthy demand environment.
- Robust pipeline for acquisitions.
- Well positioned to continue delivering strong results in 2023 and beyond.
- Focused on driving strong growth.
- Focused on improving margins and cash flows.
Challenges Ahead
- Failure to maintain and enhance brands and develop a positive client reputation
- Inability to protect intellectual property
- Actions taken by franchisees, subcontractors or vendors that may harm business
- General economic conditions
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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