ATLANTA - Rollins, Inc., reported unaudited financial results for its second quarter and six months ended June 30, 2019.
The company recorded second quarter revenues of $524 million, an increase of 9.1% over the prior year's second quarter revenue of $480.5 million. Rollins' reported net income of $64.3 million or $0.20 per diluted share for the second quarter ended June 30, 2019, compared to $65.5 million or $0.20 per diluted share for the same period in 2018.
Rollins' adjusted earnings per share (EPS)* removing several costs and expenses increased $0.01 for the quarter totaling $0.21 per diluted share. Adjusted EPS* impacts net income for the negative impact of foreign currency exchange expenses and acquisition expense related to the Clark acquisition.
Rollins' revenues rose 7.2% for the first six months of 2019 to $953.0 million compared to $889.2 million for the prior year. Net income for the first six months of 2019 was $108.5 million or $0.33 per diluted share, compared to $114.1 million or $0.35 per diluted share for the same period last year.
Gary W. Rollins, vice chairman and chief executive officer of Rollins, Inc. stated, " We continue to make investments in our company and are confident that these strategies and action plans will enable us to improve our margins and market share, and grow at a faster pace than our industry."
On April 30, Rollins completed the acquisition of Clark Pest Control of Stockton. The company operates in 26 locations and offers both residential and commercial pest control throughout California and northwestern Nevada.