Rollins Q2 2024 Earnings Report
Key Takeaways
Rollins reported a strong second quarter with revenue increasing by 8.7% to $892 million and organic revenues increasing 7.7%. The company saw improvement in margins, with a 140 basis point improvement in EBITDA margins. Demand for services remains strong and the acquisition pipeline is robust.
Second quarter revenues were $892 million, an increase of 8.7% over the second quarter of 2023 with organic revenues increasing 7.7%.
Quarterly operating income was $182 million, an increase of 17.8% over the second quarter of 2023. Quarterly operating margin was 20.4%, an increase of 150 basis points over the second quarter of 2023.
Adjusted EBITDA was $210 million, an increase of 15.3% over the prior year. Adjusted EBITDA margin was 23.6%, an increase of 140 basis points over the second quarter of 2023.
Quarterly EPS was $0.27 per diluted share, a 22.7% increase over the prior year EPS of $0.22.
Rollins
Rollins
Forward Guidance
The company is positioned to deliver another year of healthy growth in 2024 and is focused on continuous improvement to enhance profitability across the business.
Positive Outlook
- Demand for services remains strong.
- Pipeline for acquisitions is robust.
- Focus on continuous improvement to enhance profitability.
- Strong second quarter performance with organic growth of 7.7 percent.
- Improving margin profile.