Rollins Announces Q4 and Full Year 2014 Results

ATLANTA — Rollins reported strong unaudited financial results for its fourth quarter and year ended December 31, 2014.

All share and per share information is shown prior to the 3-for-2 stock dividend effective March 10, 2015 for shareholders of record February 10, 2015 as announced on January 27, 2015.

The company recorded fourth quarter revenues of $344.0 million, an increase of 5.9% over the prior year's fourth quarter revenue of $324.7 million.  Income before income taxes rose 13.0%, but due to a less favorable income tax rate in 2014, net income increased 7.0% to $29.9 million or $0.21 per diluted share for the fourth quarter ended December 31, 2014, compared to $28.0 million or $0.19 per diluted share for the same period in 2013.

Rollins' revenues for the full year rose 5.5% to $1.412 billion compared to $1.337 billion for the prior year.  Rollins' net income for the full year rose 11.6% to $137.7 million, or $0.94 per diluted share, compared to net income of $123.3 million, or $0.84 per diluted share for the same period last year.

Gary W. Rollins, vice chairman and CEO of Rollins, Inc., stated, "We are pleased to have achieved our financial objectives for 2014.  These results reflect growth across all brands and lines of our business.  We now have over 70 branches converted to our new branch CRM and operating system, and will accelerate our implementation in the new year."

Rollins added, "We are excited about 2015.  We have important strategic initiatives in place to help us achieve our financial objectives, while providing our customers with award winning pest control service."