Exhibit 99.1


For Further Information Contact

Eddie Northen (404) 888-2242








·Revenue increased 13.7% for the quarter
·Rollins deemed “essential service” by Department of Homeland Security
·Rollins launches Orkin VitalClean– Powerful New Disinfectant Business


ATLANTA, GEORGIA, April 29, 2020:

Rollins, Inc. (NYSE:ROL), a premier global consumer and commercial services company, reported strong unaudited financial results for its first quarter ended March 31, 2020.


The Company recorded first quarter revenues of $487.9 million, an increase of 13.7% over the prior year’s first quarter revenue of $429.1 million. Rollins reported net income of $43.3 million or $0.13 per diluted share in the first quarter that ended March 31, 2020, compared to $44.2 million or $0.14 per diluted share for the same period in 2019.


In light of the global response and impact of COVID-19, Rollins, Inc. has made significant operational adjustments as a result of the changing economic situation. With pest control being deemed as an essential service by the Department of Homeland Security, the Company has been able to remain operational in every part of the world in which it operates.


The safety of our employees and customers is a prime consideration. To protect their health, we have adopted numerous safety initiatives, such as; providing personal protective equipment (PPE) for our technicians (masks, booties, gloves, coveralls, etc.). We have also complied with recommended actions to disinfect our equipment and facilities, increase social distancing, and provide contact-free services.


As announced earlier, our Orkin brand launched a new disinfectant service for businesses – VitalClean™, which uses an EPA-registered disinfectant. This material has low toxicity and is labeled for use against a wide variety of pathogens, including other known coronaviruses.


Gary W. Rollins, Vice Chairman and Chief Executive Officer of Rollins, Inc. stated, “It is difficult to know when the economy might rebound and the financial crisis will end; however we have taken proactive steps including but not limited to furloughs, selected pay reductions, and the reduction of non-essential expenses. In addition to our launch of VitalClean in our commercial branches, we are entering into our termite and mosquito seasons, which will provide revenue building opportunities. We are well positioned to adjust our business further if necessary, to meet the unique challenges we may face.”




Exhibit 99.1



Rollins, Inc. is a premier global consumer and commercial services company. Through its wholly owned subsidiaries, Orkin, HomeTeam Pest Defense, Clark Pest Control, Orkin Canada, Western Pest Services, Northwest Exterminating, Critter Control, The Industrial Fumigant Company, Trutech, Orkin Australia, Waltham Services, OPC Pest Services, PermaTreat, Rollins UK, Aardwolf Pestkare, and Crane Pest Control, the Company provides essential pest control services and protection against termite damage, rodents and insects to more than two million customers in the United States, Canada, Mexico, Central and South America, the Caribbean, the Middle East, Asia, Europe, Africa, and Australia from more than 700 locations. You can learn more about Rollins and its subsidiaries by visiting our web sites at www.orkin.com, www.pestdefense.com, www.clarkpest.com, www.orkincanada.ca, www.westernpest.com, www.callnorthwest.com, www.crittercontrol.com, www.indfumco.com, www.trutechinc.com, www.orkinau.com, www.walthamservices.com, www.opcpest.com, www.permatreat.com, www.safeguardpestcontrol.co.uk, www.aardwolfpestkare.com, www.cranepestcontrol.com and www.rollins.com. You can also find this and other news releases at www.rollins.com by accessing the news releases button.







This release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about the uncertainty of when the economy might rebound and the financial crisis related to the coronavirus (COVID-19) pandemic will end; the Company’s belief that the termite and mosquito seasons will provide revenue building opportunities; and the Company’s belief that it is well-positioned to adjust its business further if necessary to meet the unique challenges it may face as a result of the coronavirus (COVID-19) pandemic. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including without limitation, the extent and duration of the coronavirus (COVID-19) pandemic and its potential impact on the financial health of the Company’s business partners, customers, supply chains and suppliers, global economic conditions and capital and financial markets, changes in consumer behavior and demand, the potential unavailability of personnel or key facilities, modifications to the Company's operations, and the potential implementation of regulatory actions; economic and competitive conditions which may adversely affect the Company’s business; the degree of success of the Company’s pest and termite process, and pest control selling and treatment methods; the Company’s ability to identify and integrate potential acquisitions; climate and weather trends; competitive factors and pricing practices; the Company’s ability to attract and retain skilled workers, and potential increases in labor costs; uncertainties of litigation; changes in various government laws and regulations, including environmental regulations; and the impact of the U. S. Government shutdown. All of the foregoing risks and uncertainties are beyond the ability of the Company to control, and in many cases the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. A more detailed discussion of potential risks facing the Company can be found in the Company’s Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2019.






Exhibit 99.1





(in thousands)


At March 31, (unaudited)  2020  2019
Cash and cash equivalents  $92,582   $116,607 
Trade accounts receivables, net   123,166    104,593 
Financed receivables, net   22,209    19,258 
Materials and supplies   21,527    16,572 
Other current assets   45,346    32,909 
Total Current Assets   304,830    289,939 
Equipment and property, net   194,854    136,806 
Goodwill   596,067    370,492 
Customer contracts, net   279,361    174,777 
Trademarks and tradenames, net   104,863    53,934 
Other intangible assets, net   10,314    10,712 
Operating lease, right-of-use assets   207,975    182,176 
Financed receivables, long-term, net   33,952    26,376 
Benefit plan assets   15,639    —   
Prepaid pension   —      5,274 
Deferred income tax assets   1,961    961 
Other assets   21,663    20,625 
    Total Assets  $1,771,479   $1,272,072 
Accounts payable  $36,844   $27,496 
Accrued insurance, current   30,739    27,940 
Accrued compensation and related liabilities   68,289    58,853 
Unearned revenue   129,352    123,935 
Operating lease liabilities, current   69,094    60,454 
Current portion of long-term debt   12,500    —   
Other current liabilities   71,050    54,034 
Total Current Liabilities   417,868    352,712 
Accrued insurance, less current portion   34,921    34,148 
Operating lease liabilities, less current portion   140,152    121,775 
Long-term debt   307,300    —   
Deferred income tax liabilities   14,257    —   
Long-term accrued liabilities   56,610    44,313 
Total Liabilities   971,108    552,948 
Common stock   327,767    327,530 
Retained earnings and other equity   472,604    391,594 
Total stockholders’ equity   800,371    719,124 
Total Liabilities and Stockholders’ Equity  $1,771,479   $1,272,072 




Exhibit 99.1





(in thousands except per share data)



   Three Months Ended
   March 31,
   2020  2019
Customer services  $487,901   $429,069 
Cost of services provided   251,152    217,258 
Depreciation and amortization   21,597    16,683 
Sales, general and administrative   157,862    139,530 
Gain on sale of assets, net   (275)   (181)
Interest expense/(income), net   2,165    (274)
    432,501    373,016 
INCOME BEFORE INCOME TAXES   55,400    56,053 
PROVISION FOR INCOME TAXES   12,132    11,827 
NET INCOME  $43,268   $44,226 
Weighted average shares outstanding - basic and diluted   327,682    327,506 





Exhibit 99.1




Rollins, Inc.




Management will hold a conference call to discuss

First Quarter 2020 results on


Wednesday, April 29, 2020 at:

10:00 a.m. Eastern

9:00 a.m. Central

8:00 a.m. Mountain

7:00 a.m. Pacific



Please dial 866-575-6539 domestic;

720-543-0214 international
at least 5 minutes before start time.


REPLAY: available through May 6, 2020

Please dial 844-512-2921 / 412-317-6671, Passcode 3596058





Contact Samantha Alphonso at Financial Relations Board at 212-827-3746

Or email to salphonso@mww.com




The following information was filed by Rollins Inc (ROL) on Wednesday, April 29, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Rollins Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Rollins Inc.


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account