ROLLINS, INC. REPORTS FIRST QUARTER 2018 RECORD FINANCIAL RESULTS
April 25, 2018
Company posts 48th consecutive quarter of improved revenues and earnings
- Revenue increased 8.9% for the quarter
- Net income up 20.5% for the quarter
- Earnings per diluted share rose 22.2% for the quarter to $0.22 from $0.18
- Rollins improved benefit plans reduced first quarter earnings by $0.01 share
ATLANTA, April 25, 2018 /PRNewswire/ -- Rollins, Inc. (NYSE:ROL), a premier global consumer and commercial services company, reported strong unaudited financial results for its first quarter ended March 31, 2018.
The Company recorded first quarter revenues of $408.7 million, an increase of 8.9% over the prior years first quarter revenue of $375.2 million. Rollins' net income increased 20.5% to $48.5 million or $0.22 per diluted share for the first quarter ended March 31, 2018, compared to $40.3 million or $0.18 per diluted share for the same period in 2017.
Gary W. Rollins, Vice Chairman and Chief Executive Officer of Rollins, Inc. stated, "Our team is off to a good start and are executing our key initiatives that will make contributions throughout the year. We are enthused about our benefit enhancements that should improve employee retention and recruiting."
During the first quarter, the Company used part of its savings from the Tax Cuts and Jobs Act to improve employee benefits. These changes include an enhanced 401(K) match, stock grants, additional paid time off and added employee scholarships.
http://www.rollins.com/news/2018/04-25-2018-123023652
