Published on 15 Feb 2024 on Zacks via Yahoo Finance
Rollins' (ROL) Q4 Earnings Meet Estimates, Increase Y/Y
Rollins, Inc.’s ROL fourth-quarter 2023 earnings meet the Zacks Consensus Estimate and revenues beat the same.
Adjusted earnings of 21 cents per share increased 23.5% year over year. Revenues of $754.1 million beat the consensus mark by 0.5% and improved 14% year over year. Organic revenues of $708.4 million increased 7.3% 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. Rollins’ acquisitions pipeline remained strong in the quarter.