ATLANTA — Rollins, Inc., reported revenues for the third quarter ending Sept. 30, 2007 grew 4.5% to $238.1 million compared to $227.8 million for the third quarter ended Sept. 30, 2006.
Net income rose 10.1% to a record $18.8 million or $0.28 per diluted share for the third quarter 2007, compared to $17.0 million or $0.25 per diluted share for the same period in 2006.
Commenting on the company's results, Gary W. Rollins, president and chief executive officer of Rollins, Inc. said, "We are pleased by the increased rate of organic revenue growth for the quarter. Our sales and service programs are working and have resulted in improvements in both recurring revenues and customer retention. Commercial pest control, which now represents 44% of our business, continued to accelerate during the second quarter and we expect this area to perform well going forward."
"We continued to expand our footprint globally this quarter having announced two international franchises: one in the Dominican Republic and another in South Korea. We have established four international franchises this year and expect to continue to develop our worldwide presence. Likewise, the Company's strong free cash flow supports our ability to pursue acquisition opportunities. We remain optimistic about having a successful 2007."
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