Secret Site Map
Tuesday, September 02, 2014

Home News Rollins, Inc. Reports First Quarter 2011 Financial Results

Rollins, Inc. Reports First Quarter 2011 Financial Results

Business Strategy

The company recorded first quarter revenues of $271.6 million, an increase of 7.4% over the prior year's first quarter revenue of $253 million

| April 27, 2011

ATLANTA — Rollins, Inc. reported strong unaudited financial results for its first quarter ended March 31, 2011. 
The company recorded first quarter revenues of $271.6 million, an increase of 7.4% over the prior year's first quarter revenue of $253.0 million.  Net income increased 6.0% to $18.6 million or $0.13 per diluted share for the first quarter ended March 31, 2011, compared to $17.6 million or $0.12 per diluted share for the same period in 2010. 

On Jan. 25, Rollins increased its regular quarterly cash dividend to shareholders 16.7 percent to $0.07 per share.  The company also repurchased 256,284 shares at a weighted average price of $18.90 per share during the first quarter.  In total, 2,281,962 additional shares may be purchased under the share repurchase program.

Gary W. Rollins, president and CEO of Rollins, Inc. said, "We are pleased to report our strongest increase in revenue for a first quarter in more than five years, we are understandably pleased with our solid start of 2011." 

Rollins added, "Our opportunities for this year are exciting and we believe that each of our businesses is well positioned to contribute. We remain committed to growing our revenue, improving earnings, generating strong cash flows and maintaining a strong balance sheet. We are clearly focused on achieving our goals."
 

Top news

Bill That Would Impact Neonicotinoid Use in California on Governor's Desk

AB 1789, which would create a timeline for the Department of Pesticide Regulation to complete its current reevaluation of neonicotinoids, has passed the legislature and is now awaiting the governor's signature.

Massey Services Acquires Austin-Based Green Pest Services

The joining of the two companies further expands Massey Services’ residential pest prevention services footprint throughout Texas.

Arrow Exterminators Accepts the ALS Ice Bucket Challenge

The company joins the fight to beat ALS with donation to ALS association.

Reminder: PCT’s M&A Virtual Event 3.0 is Tomorrow

The half-day conference provides expert advice from some of the industry’s leading authorities on mergers and acquisitions and family business issues.

RISE Announces New Governing Board Members and Officers

During its 24th annual meeting RISE (Responsible Industry for a Sound Environment) announced new officers and members elected to the 2014 Governing Board.