Secret Site Map
Saturday, August 02, 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

Bed Bugs Turn Up in Senate Office Building

The pests were found on the sixth floor of the Dirksen building last week, causing officials to take emergency measures such as closing off a restroom for a couple of days with yellow police tape, the Daily Caller reports.

'NPMA Gives Award' Presented to Spencer Pest Services

The award was created to provide association members with a way to recognize their contributions to their communities.

Update: Bill to Amend FIFRA, CWA Passes House

The Reducing Regulatory Burdens Act of 2013 (H.R. 935), a bill that would amend the Federal Insecticide, Fungicide and Rodenticide Act and the Federal Water Pollution Control Act regarding the use of pesticides near bodies of water, passed the U.S. House of Representatives on Thursday.

What Role Does Private Equity Play in M&As?

Michael O’Connell and Christopher Ball of Brocket Tamny, two veterans of the financial markets with extensive banking experience, will share their knowledge on this topic at the upcoming PCT Mergers and Acquisitions Virtual Event, scheduled for Aug. 27.

Podcast: Rob LaMoine on His 'Biggest Mistake'

LaMoine, president of RIA Solutions, Buford, Ga., talks about his biggest mistake, which was waiting too long to switch his company's service model to exterior only.