Rollins (ROL) Misses Q4 EPS by 1c, Revenues Miss

Rollins (NYSE: ROL) reported Q4 EPS of $0.16, $0.01 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $444.6 million versus the consensus estimate of $447.3 million.

• Revenue increased 7.2% for the quarter and 8.8% for full year
• Fourth quarter net income of $51.0 million, or $0.16 per diluted share
• Full year net income of $231.7 million, or $0.71 per diluted share
• Fourth quarter Earnings before interest, taxes, depreciation and amortization (EBITDA)1 of $87.8 million, an increase of 5.1% and full year of $377.3 million, an increase of 7.5%

Gary W. Rollins, Vice Chairman and Chief Executive Officer of Rollins, Inc. stated, "Once again, our group of leading pest control companies has achieved Rollins' major financial objectives for 2018. These results reflect the execution of our strategic programs that were designed to improve our sales, while improving productivity and profit margins. We are very proud of our people who made 2018 successes possible and who now are clearly focused on achieving our Company's 2019 plans and objectives."

Mr. Rollins concluded, "On January 8, 2019, we announced our agreement to purchase Clark Pest Control of Stockton, Inc. located in Lodi, CA. Clark is a family owned company founded by Charlie Clark in 1950. Clark operates in 26 locations that serve residents and businesses throughout California and northwestern Nevada. They offer both residential and commercial pest control."

For earnings history and earnings-related data on Rollins (ROL) click here.

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