We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Rollins, Inc.’s (ROL - Free Report) second-quarter 2022 earnings matched the Zacks Consensus Estimate and revenues surpassed the same.
Adjusted earnings of 20 cents per share stayed flat year over year. Revenues of $714 million beat the consensus mark by 3.8% and improved 11.9% year over year. Organic revenues of $693.6 million increased 8.7% year over year.
Rollins’ shares have gained 6.2% year to date compared with a 3.7% rise in the industry it belongs to.
Other Quarterly Details
Residential revenues of $325.1 million increased 11% year over year on a reported basis and 7% organically. Commercial revenues of $234.5 million increased 11.2% year over year on a reported basis and 9.3% organically. Termite revenues of $146.8 million increased 15% year over year on a reported basis and 11.2% organically.
Adjusted EBITDA of $159.2 million increased 1.2% year over year. Adjusted EBITDA margin of 22.3% declined 235 basis points (bps) year over year.
Rollins exited the quarter with a cash and cash equivalents balance of $221 million compared with the prior quarter’s $258.3 million. Long-term debt at the end of the quarter was $219.9 million compared with $280.8 million at the end of the prior quarter.
The company generated $127.3 million of cash from operating activities in the reported quarter while capital expenditures were $7.9 million. Free cash flow was $119.4 million in the quarter.
Currently, Rollins carries a Zacks Rank #3 (Hold).
Recent Performance of Some Other Business Services Companies
Equifax (EFX - Free Report) reported mixed second-quarter 2022 results, wherein earnings beat estimates but revenues missed the same.
EFX’s adjusted earnings of $2.09 per share beat the Zacks Consensus Estimate by 3% and improved 5.6% on a year-over-year basis. Revenues of $1.32 billion missed the consensus estimate marginally but improved 6.6% year over year.
IQVIA Holdings (IQV - Free Report) reported solid second-quarter 2022 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate.
IQV’s adjusted earnings per share of $2.44 beat the consensus mark by 2.1% and improved 15% on a year-over-year basis. Total revenues of $3.54 billion outpaced the consensus estimate by 1.2% and increased 3% year over year.
Omnicom Group (OMC - Free Report) reported impressive second-quarter 2022 results, wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
OMC’s earnings of $1.68 per share beat the consensus mark by 7.7% and increased 15.1% year over year, driven by a strong margin performance. Total revenues of $3.6 billion surpassed the consensus estimate by 4.4% but declined slightly year over year.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Rollins' (ROL) Q2 Earnings Meet Estimates, Revenues Beat
Rollins, Inc.’s (ROL - Free Report) second-quarter 2022 earnings matched the Zacks Consensus Estimate and revenues surpassed the same.
Adjusted earnings of 20 cents per share stayed flat year over year. Revenues of $714 million beat the consensus mark by 3.8% and improved 11.9% year over year. Organic revenues of $693.6 million increased 8.7% year over year.
Rollins’ shares have gained 6.2% year to date compared with a 3.7% rise in the industry it belongs to.
Other Quarterly Details
Residential revenues of $325.1 million increased 11% year over year on a reported basis and 7% organically. Commercial revenues of $234.5 million increased 11.2% year over year on a reported basis and 9.3% organically. Termite revenues of $146.8 million increased 15% year over year on a reported basis and 11.2% organically.
Adjusted EBITDA of $159.2 million increased 1.2% year over year. Adjusted EBITDA margin of 22.3% declined 235 basis points (bps) year over year.
Rollins exited the quarter with a cash and cash equivalents balance of $221 million compared with the prior quarter’s $258.3 million. Long-term debt at the end of the quarter was $219.9 million compared with $280.8 million at the end of the prior quarter.
The company generated $127.3 million of cash from operating activities in the reported quarter while capital expenditures were $7.9 million. Free cash flow was $119.4 million in the quarter.
Currently, Rollins carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Rollins, Inc. Price, Consensus and EPS Surprise
Rollins, Inc. price-consensus-eps-surprise-chart | Rollins, Inc. Quote
Recent Performance of Some Other Business Services Companies
Equifax (EFX - Free Report) reported mixed second-quarter 2022 results, wherein earnings beat estimates but revenues missed the same.
EFX’s adjusted earnings of $2.09 per share beat the Zacks Consensus Estimate by 3% and improved 5.6% on a year-over-year basis. Revenues of $1.32 billion missed the consensus estimate marginally but improved 6.6% year over year.
IQVIA Holdings (IQV - Free Report) reported solid second-quarter 2022 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate.
IQV’s adjusted earnings per share of $2.44 beat the consensus mark by 2.1% and improved 15% on a year-over-year basis. Total revenues of $3.54 billion outpaced the consensus estimate by 1.2% and increased 3% year over year.
Omnicom Group (OMC - Free Report) reported impressive second-quarter 2022 results, wherein the company’s earnings and revenues surpassed the Zacks Consensus Estimate.
OMC’s earnings of $1.68 per share beat the consensus mark by 7.7% and increased 15.1% year over year, driven by a strong margin performance. Total revenues of $3.6 billion surpassed the consensus estimate by 4.4% but declined slightly year over year.