Rollins reports Q3 adjusted EPS 28c, consensus 25c

Reports Q3 revenue $840M, consensus $826.16M. “The team delivered a strong third quarter with record revenue and an improving margin profile,” said Jerry Gahlhoff, Jr., CEO. “Organic growth remains healthy while we continue to be active on the acquisition front. The demand for our services is solid and our pipeline for acquisitions is robust. As we look to close out 2023, we are well positioned for continued growth, both organically, as well as through acquisitions, and remain focused on continuous improvement initiatives to enhance profitability across our business”. “It was encouraging to see the strong growth in revenue and profitability in the quarter, as the team delivered double-digit revenue growth and 150 basis points of improvement in adjusted EBITDA margins” said Kenneth Krause, CFO. Additionally, we continued to execute a very balanced capital allocation program with a focus on investing for growth while returning cash to shareholders through a growing dividend and a share repurchase program”.