Rollins Reports Impressive 9% Increase in Third Quarter Revenues Under Leadership of Jerry Gahlhoff Jr.
October 31, 2024
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Rollins ($NYSE:ROL), Inc. is a global consumer and commercial services company that provides essential pest control and protection services to homes and businesses. He has implemented strategic initiatives to drive growth and improve operational efficiency, resulting in positive financial results for the company. In addition to revenue growth, Rollins also reported an increase in net income, operating margin, and earnings per share in the third quarter of 2023. Looking ahead, Rollins is well-positioned for continued growth and success.
The company remains committed to providing top-notch pest control services to its customers while also expanding its global footprint through strategic acquisitions. With Jerry Gahlhoff Jr. at the helm, Rollins is poised to maintain its position as a leader in the pest control industry and continue to deliver impressive financial results.
Earnings
Rollins, a leading pest control company, has recently released their third quarter earnings report for fiscal year 2023. The earning report, which covers the period up to December 31, 2021, shows that Rollins earned a total revenue of 600.34 million USD and a net income of 65.34 million USD. This increase in revenue is a significant improvement from the previous year’s third quarter, which saw a 9.2% decrease in total revenue and a 22.5% decrease in net income. This indicates that Rollins has not only recovered from the pandemic’s impact on their business but has also managed to surpass their pre-pandemic numbers. In fact, the company’s total revenue has been consistently increasing over the past three years, reaching a total of 754.09 million USD. These impressive results can be attributed to Rollins’ strategic initiatives and leadership under Gahlhoff Jr. During his tenure as CEO, Gahlhoff Jr. has focused on expanding the company’s global reach through acquisitions and partnerships.
This has allowed Rollins to tap into new markets and diversify their services, leading to increased revenue and profitability. Moreover, Rollins has also invested heavily in technology and innovation, enabling them to provide more efficient and effective pest control solutions to their customers. This has not only contributed to the company’s growth but has also cemented their position as an industry leader. With consistent growth and a strategic vision for the future, it is clear that Rollins is poised for continued success under Gahlhoff Jr.’s leadership.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Rollins. More…
| Total Revenues | Net Income | Net Margin |
| 3.07k | 434.96 | 14.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Rollins. More…
| Operations | Investing | Financing |
| 528.37 | -372.89 | -149.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Rollins. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.6k | 1.44k | 2.39 |
Key Ratios Snapshot
Some of the financial key ratios for Rollins are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.5% | 17.6% | 19.7% |
| FCF Margin | ROE | ROA |
| 16.1% | 33.5% | 14.6% |
Analysis
After evaluating ROLLINS’s wellness, I have concluded that it is a strong company with a high health score of 8/10. This is due to its solid cashflows and manageable debt levels, which indicate that ROLLINS is capable of safely navigating through any financial crisis without the risk of bankruptcy. In terms of key performance indicators, ROLLINS excels in several areas. Its dividend, growth, and profitability metrics are all strong, indicating that the company is well-positioned for long-term success. However, its asset metrics are weaker, which may be an area for improvement. Based on my analysis, I would classify ROLLINS as a ‘gorilla’ company. This type of company is characterized by stable and high revenue or earning growth, which is typically achieved through a strong competitive advantage. This further supports my conclusion that ROLLINS is a solid and reliable company for investors. Overall, I believe that ROLLINS would be of interest to a variety of investors. Its strong financials and position as a ‘gorilla’ company make it an attractive option for growth investors seeking stable and consistent returns. Additionally, its profitability and dividend metrics may appeal to income investors looking for reliable sources of passive income. Overall, ROLLINS has demonstrated its strength and resilience in the market, making it a promising choice for investors. Rollins_Reports_Impressive_9_Increase_in_Third_Quarter_Revenues_Under_Leadership_of_Jerry_Gahlhoff_Jr.”>More…
Peers
It is the largest pest control company in the world with a network of over 8,000 franchisees and company-owned branches. Rollins Inc competes with Carnival PLC, Carnival Corp, Regis Corp, and other pest control companies in the global market.
– Carnival PLC ($LSE:CCL)
Carnival plc is a leisure travel company. The Company operates through segments, which include North America, Europe, Asia, Australia & New Zealand and Cruise Support. Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn. Its Europe segment includes AIDA Cruises (AIDA), Costa Cruises (Costa), Cunard, P&O Cruises (Australia) and P&O Cruises (UK). Its Asia segment includes Costa Asia and Princess Asia. Its Australia & New Zealand segment includes P&O Cruises (Australia) and Carnival Australia. Its Cruise Support segment provides port agent and related services to third-party cruise lines operating in the ports served by its port destinations business, as well as other ancillary services. As of February 28, 2017, the Company operated a fleet of 100 ships across 10 cruise line brands.
– Carnival Corp ($NYSE:CCL)
Carnival Corporation is a cruise company with a market cap of $11.26 billion as of 2022. The company has a return on equity of -42.02%. Carnival Corporation operates a fleet of cruise ships and is headquartered in Miami, Florida. The company was founded in 1972 and is publicly traded on the New York Stock Exchange under the ticker symbol CCL.
– Regis Corp ($NYSE:RGS)
Regis Corporation is a leader in the haircare industry, with over 10,000 locations around the world. The company has a market cap of 49.16M as of 2022 and a Return on Equity of 196.83%. Regis Corporation is a publicly traded company on the New York Stock Exchange (NYSE: RGS).
Summary
Rollins, a leading provider of pest control services, reported a 9 percent increase in revenues for the third quarter of 2023 compared to the same period last year. The company’s president and CEO, Jerry Gahlhoff, Jr., attributed this growth to a strong performance with organic revenue growth of 7.7 percent. This indicates the company’s ability to generate revenue without relying on external factors such as acquisitions. With a solid financial performance and consistent organic growth, Rollins could be an attractive option for investors looking to invest in the pest control industry.
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