Rollins, Inc. reported a strong financial performance for the fiscal year ended December 31, 2024, with total revenues reaching $3.39 billion, a 10.3% increase from $3.07 billion in 2023. The company's net income also rose to $466.4 million, up 7.2% from $435.0 million in the previous year. Earnings per share increased to $0.96, compared to $0.89 in 2023. The growth in revenue was driven by strong demand across all major service offerings, with organic revenue growth of 7.9% and acquisition contributions of 3.1%, despite a 0.7% decline from divestitures.
In 2024, Rollins completed 44 acquisitions, contributing to its strategic growth initiatives. The company emphasized its commitment to operational efficiency, achieving a gross margin of 52.7%, an improvement of 50 basis points from the previous year. Operating income increased by 12.7% to $657.2 million, with an operating margin of 19.4%. The company also reported a significant increase in cash flow from operations, totaling $607.7 million, a 15% rise from $528.4 million in 2023.
Rollins continued to expand its geographic footprint, with international operations accounting for approximately 7% of total revenues. The company reported revenue growth in its operations in Canada, Australia, the United Kingdom, and Singapore. As of December 31, 2024, Rollins employed 20,265 individuals, with a focus on enhancing employee engagement and retention through training and development programs.
Looking ahead, Rollins anticipates continued growth in 2025, targeting organic revenue growth of 7-8% and an additional 2-3% from acquisitions. The company plans to maintain its focus on pricing strategies and operational improvements to support healthy incremental margins. Despite potential challenges from economic conditions, including inflation and supply chain issues, Rollins remains optimistic about its ability to capitalize on market opportunities and deliver value to stakeholders.
About ROLLINS INC
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