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Harry J. Cynkus (404) 888-2922
FOR IMMEDIATE RELEASE
ROLLINS, INC. REPORTS FOURTH QUARTER AND FULL-YEAR 2011 FINANCIAL RESULTS
Company Posts 23rd Consecutive Quarter of Improved Earnings Results
ATLANTA, GEORGIA, January 25, 2012: Rollins, Inc. (NYSE:ROL), a premier North American consumer and commercial services company, today reported strong unaudited financial results for its fourth quarter and year ended December 31, 2011.
The Company recorded fourth quarter revenues of $289.1 million, an increase of 3.3% over the prior years fourth quarter revenue of $279.9 million. Net income increased 12.4% to $21.6 million or $0.15 per diluted share for the fourth quarter ended December 31, 2011, compared to $19.2 million or $0.13 per diluted share for the same period in 2010.
Rollins revenues for the full year rose 6.0% to $1.205 billion compared to $1.137 billion for the prior year. Rollins net income for the full year rose 11.9% to $100.7 million, or $0.69 per diluted share, compared to net income of $90.0 million, or $0.61 per diluted share for the prior year.
In the fourth quarter, the Company repurchased 70,000 shares at a weighted average price of $19.72 per share bringing the total number of shares repurchased for the full year to 1,458,282 at a weighted average price of $18.68. In total, 1,079,964 additional shares may be purchased under the share repurchase program.
Gary W. Rollins, President and Chief Executive Officer of Rollins, Inc. stated, The positive performance we achieved in our fourth quarter and full year reflects the success of our 2011 initiatives. We were especially pleased that this year we exceeded our revenue and profit plans, and we surpassed the $100 million dollar net income milestone.
Mr. Rollins concluded, We are excited about our Companys opportunities for 2012. Our culture of continuous improvement generated aggressive plans and new programs that should provide another successful year. We are very proud of our people who made 2011 possible and who will likewise be working diligently to achieve our 2012 objectives.
Rollins Inc. is a premier North American consumer and commercial services company. Through its wholly owned subsidiaries, Orkin LLC., HomeTeam Pest Defense, Western Pest Services, Orkin Canada, The Industrial Fumigant Company, Waltham Services LLC., Crane Pest Control and Trutech LLC., the
The following information was filed by Rollins Inc (ROL) on Wednesday, January 25, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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