Rollins said revenue for Q1 2024 rose to $748.3 million, up 13.7% from Q1 2023, with organic revenues up 7.5%, and operating income reached $132.4 million, up 18.0%.

10-QQuarterly reportFiled Apr 25, 2024Period of report Mar 31, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

Rollins said revenue for Q1 2024 rose to $748.3 million, up 13.7% from Q1 2023, with organic revenues up 7.5%, and operating income reached $132.4 million, up 18.0%.
The company said net income for Q1 was $94.4 million (up 7.0%), and diluted earnings per share were $0.19. On a non-GAAP basis, Adjusted EBITDA was $160.8 million (up 19.3%), and adjusted net income was $98.4 million (up 16.1%).
Rollins said gross profit for Q1 was $382.8 million, with gross margin of 51.2%. The company cited the debt tied to the Fox acquisition, the share repurchase completed in Q3 2023, and higher average interest rates as factors behind the $7.3 million increase in net interest expense.
The company said net cash provided by operating activities for Q1 was $127.4 million. It used $47.1 million for acquisitions, $7.2 million for capital expenditures, and $72.6 million for dividends ($0.15 per share).

Key figures

Quarter ended March 31, 2024

Revenue: $748M
Operating income: $132M
Net income: $94M
EPS: $0.19
Operating cash flow: $127M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q1 Revenue and Operating Income

Rollins said revenue for Q1 2024 rose to $748.3 million, up 13.7% from Q1 2023, with organic revenues up 7.5%, and operating income reached $132.4 million, up 18.0%.

Source · Based on the MD&A text of the filing

Adjusted Metrics and Net Income

The company said net income for Q1 was $94.4 million (up 7.0%), and diluted earnings per share were $0.19. On a non-GAAP basis, Adjusted EBITDA was $160.8 million (up 19.3%), and adjusted net income was $98.4 million (up 16.1%).

Source · Based on the MD&A text of the filing

Gross Profit and Interest Expense

Rollins said gross profit for Q1 was $382.8 million, with gross margin of 51.2%. The company cited the debt tied to the Fox acquisition, the share repurchase completed in Q3 2023, and higher average interest rates as factors behind the $7.3 million increase in net interest expense.

Source · Based on the MD&A text of the filing

Cash Flow and Use of Funds

The company said net cash provided by operating activities for Q1 was $127.4 million. It used $47.1 million for acquisitions, $7.2 million for capital expenditures, and $72.6 million for dividends ($0.15 per share).

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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