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Jun 30, 2022
Rollins Q2 2022 Earnings Report
Rollins reported record revenues, driven by organic growth and strong performance across residential, commercial, and termite services.
Key Takeaways
Rollins, Inc. reported record second quarter revenues of $714.0 million, an 11.9% increase over the second quarter of 2021. Organic revenues increased by 8.7%. Net income for the quarter was $100.3 million, or $0.20 per diluted share, compared to $98.9 million, or $0.20 per diluted share, for the same period in 2021.
Record second quarter revenues of $714.0 million, up 11.9% year-over-year.
Organic revenues increased 8.7% to $693.6 million.
Net income increased to $100.3 million, or $0.20 per diluted share.
Residential, commercial, and termite services each experienced double-digit revenue percentage growth.
Rollins
Rollins
Forward Guidance
Rollins is well positioned for the remainder of 2022, with confidence in continued strategic growth and profitability.
Positive Outlook
- Strong level of commitment and drive towards taking care of our customers.
- Confident in continued strategic growth.
- Confident in continued profitability moving forward.
Challenges Ahead
- Failure to maintain and enhance our brands and develop a positive client reputation.
- Our ability to protect our intellectual property and other proprietary rights that are material to our business and our brand recognition.
- Actions taken by our franchisees, subcontractors or vendors that may harm our business.
- General economic conditions.
- The impact of the extent and duration of economic contraction related to COVID-19 on general economic activity for the remainder of 2022 and beyond.