M&A - ROLLINS INC

Form Type: 10-Q

Filing Date: 2025-04-24

Corporate Action: Acquisition

Type: New

Accession Number: 000008483925000069

Filing Summary: The document reports the financial results for Rollins, Inc. for the quarterly period ending March 31, 2025. It highlights a net income of $105.2 million, an increase from $94.4 million in the same period of the previous year. The total revenues amounted to $822.5 million, compared to $748.3 million a year earlier, driven by increased customer services revenues in both residential and commercial sectors. The gross revenue from customer services was $822,504, while the operating income rose to $142,648, reflecting an operating margin improvement. The company's total assets increased to $2.95 billion from $2.82 billion, primarily due to various acquisitions including cash, customer contracts, and goodwill reported at a total of approximately $28.9 million. The document also discusses the company’s cash flow activities showing a net increase in cash and cash equivalents of $111.5 million, and outlines that goodwill arising from acquisitions reflects strategic benefits expected to be realized post-acquisition. Additionally, the report notes a commitment to transparency in its financial disclosures amid ongoing evaluations of recent accounting pronouncements.