We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Rollins, Inc.’s (ROL - Free Report) first-quarter 2024 earnings meet the Zacks Consensus Estimate and revenues beat the same.
Adjusted earnings of 20 cents per share increased 11.1% year over year. Revenues of $748.3 million beat the consensus mark by 2.9% and improved 13.7% year over year. Organic revenues of $702.4 million increased 7.5% year over year.
Rollins’ performance in the quarter was positively impacted by a healthy demand environment for its services. Management said that the company remains well-positioned for organic as well as inorganic growth in 2024. The company’s acquisitions pipeline remained strong in the quarter.
Rollins’ shares have gained 20.1% in the past six months, outperforming the 19.4% rally of the industry it belongs to.
Residential revenues increased 16.5% year over year to $329.3 million and beat our estimate of $309 million. Commercial revenues increased 11.4% year over year to $258.1 million and surpassed our estimate of $239.1 million. Termite and ancillary revenues increased 11.7% year over year to $152 million and beat our estimate of $144.4 million.
Adjusted EBITDA of $161 million increased 19.3% year over year. This compares to our expectation of an adjusted EBITDA of $159.8 million, up 14.6% year over year. Adjusted EBITDA margin of 21.5% increased 100 basis points (bps) year over year compared with our expectation of an adjusted EBITDA margin of 22.8%, up 160 bps year over year.
Rollins exited the quarter with a cash and cash equivalents balance of $113 million compared with the prior quarter’s $103.8 million. Long-term debt at the end of the quarter was $510.9 million compared with $490.8 million at the end of the prior quarter.
The company generated $127.4 million of cash from operating activities in the quarter and capital expenditure was $7.2 million. Free cash flow came in at $120.3 million. The company paid dividends worth $73 million in the quarter.
Omnicom (OMC - Free Report) reported impressive first-quarter 2024 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
OMC’s earnings of $1.67 per share beat the consensus estimate by 9.9% and increased 7.1% year over year. Total revenues of $3.6 billion surpassed the consensus estimate by 1.6% and increased 5.4% year over year.
Equifax (EFX - Free Report) reported mixed first-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, but revenues missed the same.
EFX’s adjusted earnings were $1.5 per share, beating the Zacks Consensus Estimate by 4.2% and increasing 4.9% from the year-ago quarter. Total revenues of $1.4 billion missed the consensus estimate by a slight margin but increased 6.7% from the year-ago quarter.
ManpowerGroup (MAN - Free Report) reported mixed first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.
Quarterly adjusted earnings of 94 cents per share surpassed the consensus mark by 4.4% but declined 41.6% year over year. Revenues of $4.4 billion lagged the consensus mark by 0.6% and dipped 7% year over year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Rollins' (ROL) Q1 Earnings Meet Estimates, Increase Y/Y
Rollins, Inc.’s (ROL - Free Report) first-quarter 2024 earnings meet the Zacks Consensus Estimate and revenues beat the same.
Adjusted earnings of 20 cents per share increased 11.1% year over year. Revenues of $748.3 million beat the consensus mark by 2.9% and improved 13.7% year over year. Organic revenues of $702.4 million increased 7.5% year over year.
Rollins’ performance in the quarter was positively impacted by a healthy demand environment for its services. Management said that the company remains well-positioned for organic as well as inorganic growth in 2024. The company’s acquisitions pipeline remained strong in the quarter.
Rollins’ shares have gained 20.1% in the past six months, outperforming the 19.4% rally of the industry it belongs to.
Rollins, Inc. Price, Consensus and EPS Surprise
Rollins, Inc. price-consensus-eps-surprise-chart | Rollins, Inc. Quote
Quarter Details
Residential revenues increased 16.5% year over year to $329.3 million and beat our estimate of $309 million. Commercial revenues increased 11.4% year over year to $258.1 million and surpassed our estimate of $239.1 million. Termite and ancillary revenues increased 11.7% year over year to $152 million and beat our estimate of $144.4 million.
Adjusted EBITDA of $161 million increased 19.3% year over year. This compares to our expectation of an adjusted EBITDA of $159.8 million, up 14.6% year over year. Adjusted EBITDA margin of 21.5% increased 100 basis points (bps) year over year compared with our expectation of an adjusted EBITDA margin of 22.8%, up 160 bps year over year.
Rollins exited the quarter with a cash and cash equivalents balance of $113 million compared with the prior quarter’s $103.8 million. Long-term debt at the end of the quarter was $510.9 million compared with $490.8 million at the end of the prior quarter.
The company generated $127.4 million of cash from operating activities in the quarter and capital expenditure was $7.2 million. Free cash flow came in at $120.3 million. The company paid dividends worth $73 million in the quarter.
Currently, Rollins carries a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Earnings Snapshots
Omnicom (OMC - Free Report) reported impressive first-quarter 2024 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
OMC’s earnings of $1.67 per share beat the consensus estimate by 9.9% and increased 7.1% year over year. Total revenues of $3.6 billion surpassed the consensus estimate by 1.6% and increased 5.4% year over year.
Equifax (EFX - Free Report) reported mixed first-quarter 2024 results, wherein earnings surpassed the Zacks Consensus Estimate, but revenues missed the same.
EFX’s adjusted earnings were $1.5 per share, beating the Zacks Consensus Estimate by 4.2% and increasing 4.9% from the year-ago quarter. Total revenues of $1.4 billion missed the consensus estimate by a slight margin but increased 6.7% from the year-ago quarter.
ManpowerGroup (MAN - Free Report) reported mixed first-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.
Quarterly adjusted earnings of 94 cents per share surpassed the consensus mark by 4.4% but declined 41.6% year over year. Revenues of $4.4 billion lagged the consensus mark by 0.6% and dipped 7% year over year.