Rollins (ROL) Tops Q3 EPS by 2c, Revenues Beat
Rollins (NYSE: ROL) reported Q3 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $583.7 million versus the consensus estimate of $577.58 million.
- Total revenue increased 4.9% for the quarter despite pandemic hardships, with residential revenues increasing 10.6% over third quarter 2019
- Earnings Per Share of $0.24 for the third quarter 2020 impacted by $0.02 from one-time non-cash accelerated stock vesting of $6.7 million compared to Earnings Per Share of $0.13 for third quarter 2019 impacted by $26.6 million of after-tax pension settlement loss
- Adjusted earnings per share* of $0.26 for third quarter 2020 adjusted for accelerated stock vesting and adjusted earnings per share* of $0.22 for third quarter 2019 adjusted for divesting of the pension
Gary W. Rollins, Vice Chairman and Chief Executive Officer of Rollins, Inc. stated, "The loss of Randall is felt profoundly, not only by our family, his friends and me personally, but also by a multitude of Rollins' employees and colleagues who had the privilege of knowing him during his over 70 years of contribution to the Rollins companies. He exemplified the principles of integrity, innovation and dedication instilled by our father O. Wayne Rollins"
For earnings history and earnings-related data on Rollins (ROL) click here.