Rollins Reports Strong Growth and Profitability in Q1 2024 Earnings Call
Thursday, 25 April 2024, 15:00
Rollins Q1 2024 Earnings Call Highlights
Rollins (NYSE: ROL) reported a strong quarter with revenue growth of nearly 14% to $748 million, driven by healthy organic growth.
Key Points:
- Double-Digit Revenue Growth: Total residential revenue increased by 16.5%, commercial rose by 11.4%, and termite revenue was up by 11.7%.
- Strategic Investments: Investment in incremental sales staffing and marketing activities ahead of peak season to ensure being well-positioned for consumer demand.
- Successful M&A: Closed 12 tuck-in deals in the first three months and remain on track to deliver at least 2% growth from M&A activity in 2024.
- Operational Efficiency: Healthy margin improvement executed through pricing strategy and operational cost structure.
Rollins remains committed to driving continuous improvement, strategic growth through investments, and maintaining a focus on profitability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.