Rollins Q3 2024 Earnings Report
Key Takeaways
Rollins, Inc. reported a 9.0% increase in third-quarter revenues to $916 million, with organic revenues increasing by 7.7%. Operating income increased by 8.3% to $192 million. Net income increased by 7.1% to $137 million, and EPS increased by 7.7% to $0.28 per diluted share. The company continues to invest in growth initiatives and manage the impact of recent hurricanes.
Third quarter revenues increased by 9.0% year-over-year to $916 million, with organic revenues up 7.7%.
Operating income for the quarter rose by 8.3% to $192 million.
Net income increased by 7.1% to $137 million compared to the same period last year.
EPS increased by 7.7% to $0.28 per diluted share.
Rollins
Rollins
Forward Guidance
Rollins is on track to deliver healthy margin improvement and double-digit earnings growth for the year.
Positive Outlook
- Team delivered a strong third quarter with organic revenue growth of 7.7 percent.
- Continue to invest in our team and other resources aimed at capitalizing on a healthy market environment.
- On track to deliver healthy margin improvement
- On track to deliver double-digit earnings growth for the year
- Continue efforts to support teammates and communities impacted by recent hurricanes.
Challenges Ahead
- Some disruption to operations from Hurricane Helene during the last week of the quarter.
- Growth investments tempered overall margin performance in the quarter.
- Adjusted operating income margin decreased by 90 basis points compared to the prior year.
- Adjusted EBITDA margin decreased by 80 basis points versus the third quarter of 2023.
- Recent hurricanes have impacted teammates and communities.