Rollins Financial Performance from Time to Time-Rollins, Inc is an American pest control company headquartered in Atlanta, Georgia. Historically, the company was founded in 1948 by John W. Rollins and his brother, O. Wayne Rollins. Rollins purchased Orkin for $62 million in 1964 and began focusing on pest control sectors. Furthermore, later change its name from Rollins Broadcasting, Inc into Rollins, Inc. In 1968, Rollins began Listed its stock on the New York Stock Exchange under the symbol “ROL”.
Along with company expansion, Rollins has given pest control services to over 2 million residential and commercial customers in 71 countries across the world. The majority of their clients are from the United States, Canada, Australia, Europe, Asia, Central and South America, the Caribbean, Europe, the Middle East, and Africa. Commonly, Rollins has three business lines including Rodential, Commercial, Termites pest control. Residential pest control basically provides services protecting residential properties from common pests, including rodents, insects and wildlife. Meanwhile, Commercial pest control give pest control solutions for customers across diverse end markets such as healthcare, foodservice, logistics. Furthermore, Termite pest control gives protection services and ancillary services for both residential and commercial customers.
This organization provides vital pest management, termite treatments, and wildlife removal to residential customers. Aardwolf Peskare, Clark Pest Control, Crane Pest Control, Critter Control, HomeTeamDefense, Industrial Fumigant Company (IFC), McCall, MissQuito, NortwestExterminating, OPC Pest Service, PermaTreat, Safeguard,Trutech, Waltham Service, and Western Pest Service are all subsidiaries of Rollins. As one of the most significant pest control firms, according to the 2022 annual report, Rollins generated around $ 2,695 million in sales and approximately $368 million in net income in 2022. As of 2022, Based on Annual Report of 2022, The United States of America (USA) still the main markets of Rollins with contributing $ 2,498 million or more that 90% still comes of USA. Based on the business contribution in pest control industries, in annual report of 2022 Residential revenue contributed USD 1,212 million, Commercial revenue contributed USD 914 million, Termite Completions, bait monitoring, & renewals (USD 536 million).
The Assets, Liabilities, and Equities of Rollins from 2004 to 2022
|Million USD||Million USD||Million USD|
|Source : Rollins Inc, Annual Report 2022-2004|
Financially, according to Rollins Annual Repot from 2003 to 2022, Rollins has shown remarkable performance as pest control companies, they have grown in Assets and Equities. in 2003, the assets of rollins is just USD 349 million and become USD 2,122 million. Furthermore, the equities also have grown significantly from USD 138 million in 2003 and turned into USD 1,268 million in 2022. Basically, all of the data was obtained from Balance sheet of the company in Annual Report from 2004 to 2022.
The Revenue and Net Income of Rollins from 2004 to 2022
|Million USD||Million USD|
|Source : Rollins Inc, Annual Report 2004-2022|
Based on the business performance of Rollins as Pest control company, Rollins shown incredible performance with growing performance from 2003 to 2022. Furthermore, in 2003, the revenue of Rollins around USD 677 million and in 2022 it has become USD 2,695 million. It has positive correlated with revenue. The net income of Rollin also in the right pathway with positively gaining the net income. in 2003, the net of Rollins approximately USD 35 million and it had grown into USD 368 million in 2022.
Rollins’s Social Media
Official Website : https://www.rollins.com/
Linkedin : https://www.linkedin.com/company/rollins-inc./
Bibliographies of Rollins Financial Performance From Time to Time
Rollins.2023.About Rollins. Accessed via https://www.rollins.com/ on June 6th, 2023.
Rollins.2023.About Annual Report 2003-2022. Accessed via https://www.rollins.com/financial-info/financial-results on June 6th, 2023.