Secret Site Map
Tuesday, September 23, 2014

Home News Rollins Announces Third Quarter Financial Results

Rollins Announces Third Quarter Financial Results

News Coverage

The Atlanta-based company posted net income growth of nearly 10 percent in the third quarter.

| October 24, 2012

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."  

 

Top news

Suspect Arrested in Death of Jill Su

Police have arrested Dayont'e Omar Resiles in connection with the death of Su, wife of renowned UF Entomologist Nan-Yao Su, Local 10 News reported.

Agri-Turf Distributing Names Lon Records CEO

Records is a familiar face in the industry with a career that dates back to the early 1970s.

Rodent Deterrent Believed to Have Sparked Wildfire

The four-day-old Silverado Fire, which has burned nearly 1,000 acres, was apparently ignited by the sun reflecting off metal sheeting put up by someone trying to keep rodents out of a vegetable garden, a fire official told ABC 10 San Diego.

Ed Szymanski Joins Nisus Corporation

Szymanski, a 36-year industry veteran, is area manager for the South Central and Mountain regions of the U.S.

Skyline Pest Solutions Makes Acquisition

Skyline has purchased the pest control division of Aabby Group.

x