Rollins beats quarterly profit estimates on demand for pest control services

Reuters
Oct 30
Rollins beats quarterly profit estimates on demand for pest control services

Oct 29 (Reuters) - Rollins ROL.N beat analysts' estimates for third-quarter profit on Wednesday, driven by resilient demand for its pest-control and hygiene services.

WHY IT'S IMPORTANT

Rollins benefited from consistent year-round demand for its services even as cooler weather began to ease seasonal pest activity.

The company provides pest control services including termite, bed bug, and rodent infestation treatment.

Sanitation and pest-control checks remained a priority for both households and businesses.

KEY QUOTE

"Double-digit revenue growth drove exceptional earnings and cash flow results in the quarter," CFO Kenneth Krause said.

BY THE NUMBERS

The company's revenue rose 12% to $1.026 billion during the quarter ended September 30, compared with analysts' average estimate of $1.021 billion, according to data compiled by LSEG.

The Atlanta, Georgia-based company's adjusted profit per share was 35 cents, while analysts had estimated 33 cents.

Adjusted operating margin was 22.6%, up 120 basis points over a year earlier.

(Reporting by Anshi Sancheti in Bengaluru; Editing by Shilpi Majumdar and Maju Samuel)

((Anshi.Sancheti@thomson.reuters.com))

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