Rollins, Inc. Reports 9.9% Revenue Growth to $822.5 Million in Q1 2025

Rollins, Inc. reported a strong financial performance for the first quarter of 2025, with revenues reaching $822.5 million, a 9.9% increase from $748.3 million in the same period last year. The growth was driven by increased demand across all major service offerings, particularly in residential and commercial pest control, which saw revenue increases of 8.2% and 10.2%, respectively. The company also noted that organic revenue growth was 7.4%, with acquisitions contributing an additional 2.5%. Net income for the quarter was $105.2 million, up 11.5% from $94.4 million in the prior year, resulting in earnings per share of $0.22, a 15.8% increase compared to $0.19 in the first quarter of 2024.

In terms of operational metrics, Rollins reported an operating income of $142.6 million, reflecting a 7.7% increase from the previous year. However, the operating margin decreased slightly to 17.3%, down 40 basis points from 17.7% in the first quarter of 2024. The company’s adjusted EBITDA also rose to $171.9 million, a 6.9% increase year-over-year, although the adjusted EBITDA margin fell to 20.9%. The company’s cash flow from operations improved significantly, totaling $146.9 million, a 15.3% increase compared to $127.4 million in the prior year.

Rollins made strategic moves during the quarter, including four acquisitions totaling approximately $28.9 million, which are expected to enhance its service offerings and market presence. The company also issued $500 million in 2035 Senior Notes to refinance existing debt and support its growth initiatives. As of March 31, 2025, Rollins had total assets of $2.95 billion, up from $2.82 billion at the end of 2024, with cash and cash equivalents increasing to $201.2 million from $89.6 million.

The company’s customer base continues to expand, with a focus on enhancing service delivery and operational efficiency. Rollins reported a healthy pipeline of acquisition activity and remains optimistic about achieving its target of 7% to 8% organic revenue growth, supplemented by 3% to 4% from acquisitions in 2025. Despite ongoing economic uncertainties, including inflation and supply chain challenges, Rollins believes it is well-positioned to deliver strong results moving forward. The company plans to maintain its commitment to shareholder returns, having declared a quarterly dividend of $0.165 per share, up from $0.150 per share in the previous year.