Rollins' Second Quarter Revenues Up 15% from Previous Year's Q2 Revenues

ATLANTA  Rollins reported strong unaudited financial results for its second quarter and six months ended June 30, 2021.

 

The company recorded second quarter revenues of $638.2 million, an increase of 15.3% over the prior year's second quarter revenue of $553.3 million.  Rollins' reported net income was $98.9 million or $0.20 per diluted share for the second quarter ended June 30, 2021, compared to $75.4 million or $0.15 per diluted share for the same period in 2020.

 

Rollins' revenues rose 12.7% for the first six months of 2021 to $1.174 billion compared to $1.041 billion for the prior year. Net income for the first six months of 2021 was $191.5 million or $0.39 per diluted share compared to $118.6 million or $0.24 per diluted share for the same period last year.  Adjusted net income* and adjusted earnings per diluted share* for the six months ended June 30, 2021 were $168.3 million or $0.34, respectively, compared to $118.6 million or $0.24 per diluted share for the same period last year. 

 

The company, as planned, disposed of the majority of the properties received through the 2019 acquisition of Clark Pest Control of Stockton, Inc. The gain related to the disposition of these properties in the quarter and six months ended June 30, 2021 was $0.5 and $31.5 million pre-tax.

 

Gary W. Rollins, Chairman and Chief Executive Officer of Rollins, Inc. stated, "We are very pleased with our strong financial results for both the quarter and first half of 2021, across all business lines. We are proud of the continued dedication of our employees throughout the pandemic, and are positioned well for the remainder of the year."