The Atlanta-based company posted net income growth of nearly 10 percent in the third quarter.
ATLANTA — Rollins, Inc. reported a net income growth of nearly 10 percent in the third quarter, the company announced today.
Rollins recorded third quarter revenues of $340.2 million, an increase of 5.0% over the prior year's third quarter revenue of $323.9 million. Net income increased 9.5% to $32.2 million or $0.22 per diluted share for the third quarter ended September 30, 2012, compared to $29.4 million or $0.20 per diluted share for the same period in 2011.
Rollins' revenues rose 5.3% for the first nine months of 2012 to $964.5 million compared to $916.0 million for the prior year. Net income for the first nine months of 2012 was $88.4 million, or $0.60 per diluted share, compared to net income of $79.1 million, or $0.54 per diluted share for the same period last year.
At yesterday's Board of Directors meeting, the Board of Directors declared a regular quarterly cash dividend on its common stock of $0.08 per share plus a special year-end dividend of $0.12 per share both payable December 10, 2012 to stockholders of record at the close of business November 09, 2012.
Gary W. Rollins, president and chief executive officer of Rollins, Inc., stated, "We are very pleased with our financial results for the third quarter and first nine months of fiscal 2012. Our revenue growth was strong across the Company, which reflects the positive results we are receiving from the investments we have made. We again improved our profit margins with favorable revenue to profit conversion."
Rollins added, "We are optimistic about concluding another successful year while gaining market share and delivering value to our customers and shareholders."