Rollins reports Q4 adjusted EPS 21c, consensus 21c

Reports Q4 revenue $754M, consensus $753.38M. “Our team delivered a strong finish in the fourth quarter as we achieved record revenue and a healthy margin profile for the full year,” said Jerry Gahlhoff, Jr., President and CEO. “Organic growth remains strong while we continue to be active on the acquisition front. As we look to 2024, demand for our services is solid and our pipeline for acquisitions is robust. We are well positioned for continued growth and remain focused on continuous improvement initiatives to enhance profitability across our business” Gahlhoff added. “It was encouraging to see the strong quarterly and full year growth in revenue, cash flow and profitability. We delivered double-digit revenue and cash flow growth, as well a 70 basis point improvement in operating margins for 2023,” said Kenneth Krause, Executive Vice President, CFO and Treasurer. “Additionally, we continued to execute a balanced capital allocation program, deploying nearly $1 billion of capital in 2023, with a focus on investing for growth while returning cash to shareholders through a growing dividend and share repurchases,” Krause concluded.