Rollins 2021 Year-End Revenues Up 12.2% From Previous Year

 

For the full year ended Dec. 31, 2021, the company's revenues rose 12.2% to $2.424 billion compared to $2.161 billion for the prior year. The company reported net income of $350.7 million or $0.71 per diluted share compared to $260.8 million or $0.53 per diluted share for the prior year. Adjusted net income* and adjusted earnings per diluted share* for the full year 2021 were $335.5 million and $0.68, respectively, compared to $267.5 million and $0.54 per diluted share for the prior year. The results for 2021 have been adjusted for the gain related to the disposition of the properties received through the 2019 acquisition of Clark Pest Control of Stockton, Inc. of $31.5 million ($23.2 million net of tax) and the accrual of $8.0 million related to the potential settlement of the ongoing SEC matter. The results for the year ended December 31, 2020 included a one-time non-cash expense of $6.7 million for the accelerated restricted stock vesting for our late Chairman, R. Randall Rollins.

 

Gary W. Rollins, chairman and chief executive officer of Rollins, stated, "We are proud of the performance and dedication of our employees and are very pleased with our strong financial results for both the quarter and full year 2021. We remain confident of our continued success for 2022."