Atlanta — Rollins this week reported unaudited financial results for its first quarter ended March 31, 2015.
The company recorded first quarter revenues of $330.9 million, an increase of 5.6 percent over the prior year’s first quarter of $313.4 million. Net income increased 17.5 percent to $30.3 million or $0.14 per diluted share for the first quarter ended March 31, compared to $25.8 million or $0.12 per diluted share for the same period in 2014.
On Jan. 27, Rollins increased its regular quarterly cash dividend to shareholders 14.3 percent to $0.08 per share. Additionally, in the first quarter of 2015, the company announced it purchased 19,137 shares of the company’s stock under its share repurchase program. In total, 5.9 million additional shares may be purchased under previously approved programs by the board of directors.
Commenting on the company’s results, Gary W. Rollins, vice chairman and chief executive officer of Rollins, stated, “We are extremely pleased to have reported another quarter of improved revenue and profit, with all lines of our business contributing to our growth. The conversion of revenue growth to net income increase was outstanding. We are highly focused on executing our strategic business objectives. Our team is committed to taking our company to the next level as it relates to customer growth, employee development and retention as well as shareholder value. We are off to an exciting start and the New Year presents us with many opportunities to advance these objectives.”
Rollins is a global consumer and commercial services company. Through its wholly owned subsidiaries, Orkin, HomeTeam Pest Defense, Orkin Canada, Western Pest Services, Critter Control, The Industrial Fumigant Company, TruTech, Rollins Australia, Waltham Services, PermaTreat and Crane Pest Control, the company provides pest control services and protection against termite damage, rodents and insects to more than two million customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico and Australia from more than 500 locations.
Learn more at www.rollins.com.