Rollins Reports Q1 Revenues Up 9.9% YOY

ATLANTA - Rollins reported first quarter revenues were $823 million, an increase of 9.9% over the first quarter of 2024 with organic revenues* increasing 7.4%. The stronger dollar versus foreign currencies in countries where we operate reduced revenues by 40 basis points during the quarter.

Also in the first quarter, Rollins reported operating income of $143 million, a 7.7% increase over the same period in 2024. Operating margin was 17.3%, a 40 basis point decline year-over-year. Adjusted operating income* rose 6.7% to $147 million, with an adjusted operating income margin* of 17.9%, down 50 basis points from the prior year.

Jerry Gahlhoff, Jr., president and CEO of Rollins, said first quarter results reflect Rollins' resilient business model and its teammates' ongoing focus on operational excellence. "We continue to invest in our business by focusing on organic demand generation activities, while also strengthening the breadth and depth of the Rollins portfolio through strategic M&A like the Saela acquisition we made in April," he said. "We are thrilled to welcome our Saela teammates to the Rollins family and look forward to the positive contributions they will bring to our business."

Kenneth Krause, executive vice president and CFO, said Rollins' investments in growth "continue to yield results, as organic growth of 7.4 percent was at the midpoint of our range despite one less business day in the quarter. Our markets remain healthy and we are well-positioned to continue delivering strong results through our robust business model."

*Amounts are non-GAAP financial measures. See the schedules below for a discussion of non-GAAP financial metrics including a reconciliation of the most directly comparable GAAP measure. - Source: PR Newswire