Rollins Q2 2020 Earnings Report
Key Takeaways
Rollins, Inc. reported a 5.6% increase in revenue to $553.3 million for the second quarter of 2020. Net income increased to $75.4 million, or $0.23 per diluted share, compared to $64.3 million, or $0.20 per diluted share, for the same period in 2019.
Second quarter revenues increased by 5.6% year-over-year to $553.3 million.
Net income for the second quarter was $75.4 million, or $0.23 per diluted share.
Operational adjustments, including new COVID-related procedures and remote work transitions, were implemented.
Cost containment efforts included furloughs, layoffs, and reduced spending.
Rollins
Rollins
Forward Guidance
The company did not provide specific forward guidance but mentioned that actual results could be affected by the COVID-19 pandemic, economic conditions, and other factors.