Secret Site Map
Friday, August 22, 2014

Home News Rollins Releases 4Q Results

Rollins Releases 4Q Results

Business Strategy

The parent company of Orkin and other brands reported that its fourth-quarter net income rose 12 percent on higher demand for its services.

| January 25, 2012

ATLANTA - Rollins, Inc., parent company of Orkin and other brands, reported that its fourth-quarter net income rose 12 percent on higher demand for its services.

The company reported that net income for the three months ended Dec. 31 rose to $21.6 million, or 15 cents per share, from $19.2 million, or 13 cents per share, a year earlier. That matched analyst expectations, according to FactSet.

Revenue rose 3 percent to $289.1 million.

For the year, net income rose 12 percent to $100.7 million, or 69 cents per share, from $90 million, or 61 cents per share. Revenue rose 6 percent to $1.21 billion from $1.14 billion last year.

"This year we exceeded our revenue and profit plans, and we surpassed the $100 million net income milestone," said CEO Gary W. Rollins.

On Tuesday, Rollins raised its quarterly dividend 14.3 percent to 8 cents from 7 cents. Its next dividend is payable March 9 to shareholders of record on Feb. 10.
 

Top news

California Movie Theater Closes Due to Bed Bug Concerns

A bed bug infestation has shut down Lodi Stadium 12 Cinemas Sunday afternoon until Tuesday after concerns from customers were raised on the theater's Facebook page.

European Bee Health Levels Improve, Bayer Reports

New field data from nearly 400,000 bee colonies from 21 countries in Europe and the Mediterranean show that overwintering losses of honey bee colonies – a leading indicator of general bee health – are at their lowest level in years.

Bees are No. 1 Bug Killer of Workers, Labor Department Reports

Bees were responsible for more workplace deaths (52) than spiders, wasps and ants combined, according to a new U.S. Labor Department report.

NPMA, Univar Announce Top Three PestFactor Finalists

NPMA announced the top three entries for the 2014 PestFactor competition, sponsored by Univar. It's now up to the pest management industry to view the top three videos and vote for the industry's most passionate technician.

Arrow Exterminators Internship Program Wraps Up Third Summer

Arrow's interns worked across a number of business departments including Human Resources, Marketing, Training, Customer Care, Sales and more.