Rollins Reports Q4 and Full Year 2015 Results

ATLANTA — Rollins, Inc. reported strong unaudited financial results for its fourth quarter and year ended December 31, 2015.

 

The company recorded fourth quarter revenues of $362.5 million, an increase of 5.4% over the prior year's fourth quarter revenue of $344 million. Income before income taxes rose 11.3% to $51.8 million compared to $46.5 million for the prior year's fourth quarter. Rollins' net income increased 6.1% to $31.7 million or $0.15 per diluted share for the fourth quarter ended December 31, 2015, compared to $29.9 million or $0.14 per diluted share for the same period in 2014. 

 

For the full-year ended December 31, 2015, Rollins' revenues rose 5.2% to $1.485 billion compared to $1.412 billion for the prior year, and income before income taxes increased 10.8% to $243.2 million compared to prior year's $219.5 million.  The Company's net income for the year rose 10.5% to $152.1 million, or $0.70 per diluted share, compared to net income of $137.7 million, or $0.63 per diluted share for last year.

 

Gary W. Rollins, vice chairman and CEO of Rollins, stated, "We are pleased to have achieved our major financial objectives for 2015 with record revenue and profit growth across all the company's brands. The progress we made this past year is a reflection of the dedication of our employees and their commitment to achieve our strategic initiatives."  

 

Gary Rollins added, "Our culture of continued improvement is the driving force behind our enhanced customer service, sales results, productivity improvement, customer growth and financial results.  We are excited about our Company's plans for 2016 and are clearly focused on having another successful year."