The earnings call highlighted strong revenue and segment growth, effective capital allocation with increased dividends, and a healthy M&A pipeline. However, the company faced operational disruptions from hurricanes and margin pressures due to increased investments in growth initiatives.
Company Guidance
During the Rollins, Inc. Q3 2024 earnings call, management provided guidance reflecting strong financial performance and strategic growth initiatives. The company reported a 9% increase in revenue to $916 million, with organic growth at 7.7%. Investments in sales staffing and marketing were highlighted, supporting long-term growth and new customer acquisition. The commercial division saw robust performance, with revenues rising 9.4%, driven by strategic expansion in the sales force and data analytics utilization. The company closed 32 tuck-in deals in the first nine months, contributing to a projected 2% growth from M&A activities in 2024. Despite these investments, gross margins improved by 20 basis points to 54%. Adjusted EBITDA grew over 5% to $219 million, with a 24% margin, despite a slight margin decrease due to strategic investments. Management remains confident in maintaining healthy profitability, with a focus on operational efficiency and modernization initiatives.
Strong Revenue Growth
Third-quarter revenue increased by 9% to $916 million, with organic growth of 7.7%.
Segment Performance
Commercial pest control rose 9.4%, and termite and ancillary services increased by 14.5%.
Cash Flow and Dividend Increase
Free cash flow grew nearly 12% year-to-date, enabling a 10% increase in the dividend.
Solid Financial Metrics
Year-to-date double-digit improvement across all major P&L metrics, with EBITDA margin improvement of 50 basis points.
M&A Activity
Closed 32 tuck-in deals in the first 9 months of the year, with a healthy M&A pipeline.
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Rollins (ROL) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ROL Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 23, 2024
$49.59
$46.33
-6.57%
Jul 24, 2024
$49.63
$46.43
-6.45%
Apr 24, 2024
$42.46
$43.85
+3.27%
Feb 14, 2024
$43.67
$41.17
-5.72%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rollins, Inc. (ROL) report earnings?
Rollins, Inc. (ROL) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Rollins, Inc. (ROL) earnings time?
Rollins, Inc. (ROL) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.