Rollins Posts $123.3 Million Profit in 2013

Rollins announced it posted a $123.3 million profit in 2013.

• Revenue: $1.3 billion, up 5.2%
• Net Income: $123.3 million, up 10.8%
• Earnings Per Share: 84 cents, up 10.5%

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The company recorded fourth quarter revenues of $324.7 million, an increase of 6.0% over the prior year's fourth quarter revenue of $306.4 million. Net income increased 22.0% to $28.0 million or $0.19 per diluted share for the fourth quarter ended December 31, 2013, compared to $22.9 million or $0.16 per diluted share for the same period in 2012.

Rollins' revenues for the full year rose 5.2% to $1.337 billion compared to $1.271 billion for the prior year.  Rollins' net income for the full year rose 10.8% to $123.3 million, or $0.84 per diluted share, compared to net income of $111.3 million, or $0.76 per diluted share for the same period last year.

Gary W. Rollins, Vice Chairman and Chief Executive Officer of Rollins, Inc. stated, "Once again, the Rollins group of leading pest control companies has achieved our major financial objectives for 2013.  These results reflect the execution of our strategic programs that were designed to accelerate our sales, while improving productivity and profit margins."