ATLANTA — Rollins reported first quarter revenues of $535.6 million, an increase of 9.8% over the prior year's first quarter revenue of $487.9 million. Rollins' reported net income was $92.6 million or $0.19 per diluted share for the first quarter ended March 31, 2021, compared to $43.3 million or $0.09 per diluted share for the same period in 2020. Adjusted net income* for the first quarter ended March 31, 2021 was $69.8 million or $0.14 per diluted share.
The company, as planned, disposed of the majority of the properties received through the 2019 acquisition of Clark Pest Control of Stockton. The gain related to the disposition of these properties in the quarter ended March 31, 2021 was $31.1 million pre-tax.
Gary W. Rollins, Chairman and Chief Executive Officer of Rollins, Inc. stated, "We are extremely proud of our first quarter results and believe we are well positioned for 2021. Our employees have displayed a strong level of commitment and drive towards taking care of our customers who have shown their trust in our services throughout this pandemic. We are confident in our continued strategic growth and profitability moving forward."