Rollins Inc. Files 2023 Annual Report on Form 10-K

Ticker: ROL · Form: 10-K · Filed: Feb 15, 2024 · CIK: 84839

Rollins Inc 10-K Filing Summary
FieldDetail
CompanyRollins Inc (ROL)
Form Type10-K
Filed DateFeb 15, 2024
Risk Level
Pages15
Reading Time18 min
Key Dollar Amounts$1, $1 million
Sentimentneutral

Sentiment: neutral

Topics: 10-K, Rollins Inc., Annual Report, Pest Control, Financials

TL;DR

<b>Rollins Inc. has submitted its annual 10-K filing for the fiscal year 2023, detailing its financial performance and business operations.</b>

AI Summary

ROLLINS INC (ROL) filed a Annual Report (10-K) with the SEC on February 15, 2024. Rollins Inc. filed its 10-K report for the fiscal year ending December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal executive offices are located at 2170 Piedmont Rd NE, Atlanta, GA 30324. Rollins Inc. is classified under SIC code 7340: Services-to Dwellings & Other Buildings. The report was filed on February 15, 2024.

Why It Matters

For investors and stakeholders tracking ROLLINS INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Rollins Inc.'s financial health, operational strategies, and risk factors for the fiscal year 2023, which is crucial for investors to assess the company's performance and future outlook. As a publicly traded company, Rollins Inc. is required to file this report with the SEC, ensuring transparency and providing stakeholders with essential information for investment decisions.

Risk Assessment

Risk Level: — ROLLINS INC shows moderate risk based on this filing. The company operates in the pest and lawn care industry, which can be subject to seasonal fluctuations and regulatory changes, impacting revenue and profitability.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand Rollins Inc.'s performance and potential challenges in the pest and lawn care market.

Key Numbers

  • 2023-12-31 — Fiscal Year End (Conformed period of report)
  • 2024-02-15 — Filing Date (Filed as of date)
  • 7340 — SIC Code (Standard Industrial Classification)
  • DE — State of Incorporation (Organization details)

Key Players & Entities

  • ROLLINS INC (company) — Filer name
  • 2023-12-31 (date) — Conformed period of report
  • 2024-02-15 (date) — Filed as of date
  • 7340 (industry_code) — Standard Industrial Classification
  • 2170 PIEDMONT RD NE, ATLANTA, GA 30324 (address) — Business address
  • 4048882000 (phone) — Business phone
  • 001-04422 (filing_number) — SEC file number
  • 24643993 (film_number) — Film number

FAQ

When did ROLLINS INC file this 10-K?

ROLLINS INC filed this Annual Report (10-K) with the SEC on February 15, 2024.

What is a 10-K filing?

A 10-K is a comprehensive annual financial report required by the SEC, covering audited financials, business operations, risk factors, and management discussion. This particular 10-K was filed by ROLLINS INC (ROL).

Where can I read the original 10-K filing from ROLLINS INC?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by ROLLINS INC.

What are the key takeaways from ROLLINS INC's 10-K?

ROLLINS INC filed this 10-K on February 15, 2024. Key takeaways: Rollins Inc. filed its 10-K report for the fiscal year ending December 31, 2023.. The filing covers the period from January 1, 2023, to December 31, 2023.. The company's principal executive offices are located at 2170 Piedmont Rd NE, Atlanta, GA 30324..

Is ROLLINS INC a risky investment based on this filing?

Based on this 10-K, ROLLINS INC presents a moderate-risk profile. The company operates in the pest and lawn care industry, which can be subject to seasonal fluctuations and regulatory changes, impacting revenue and profitability.

What should investors do after reading ROLLINS INC's 10-K?

Investors should review the detailed financial statements and risk factors in the 10-K to understand Rollins Inc.'s performance and potential challenges in the pest and lawn care market. The overall sentiment from this filing is neutral.

How does ROLLINS INC compare to its industry peers?

Rollins Inc. operates in the pest and lawn care services industry, providing essential services to residential and commercial customers.

Are there regulatory concerns for ROLLINS INC?

As a publicly traded company, Rollins Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of annual 10-K reports.

Industry Context

Rollins Inc. operates in the pest and lawn care services industry, providing essential services to residential and commercial customers.

Regulatory Implications

As a publicly traded company, Rollins Inc. is subject to the reporting requirements of the Securities and Exchange Commission (SEC), including the filing of annual 10-K reports.

What Investors Should Do

  1. Review the full 10-K document for detailed financial statements and management discussion.
  2. Analyze the risk factors section to understand potential challenges and uncertainties.
  3. Compare the 2023 performance metrics with previous years to identify trends.

Key Dates

  • 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K filing.
  • 2024-02-15: Filing Date — Date the 10-K report was officially submitted to the SEC.

Year-Over-Year Comparison

This filing represents the annual 10-K report for the fiscal year 2023, providing updated financial and operational information compared to previous filings.

Filing Stats: 4,451 words · 18 min read · ~15 pages · Grade level 12.7 · Accepted 2024-02-15 16:15:28

Key Financial Figures

  • $1 — ange on which registered Common Stock, $1 Par Value ROL The New York Stock Excha
  • $1 million — . Rollins has contributed approximately $1 million annually for each of the past 4 years.

Filing Documents

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations. 22 Item 7.A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk. 33 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data. 34 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosures. 71 Item 9.A.

Controls and Procedures

Controls and Procedures. 71 Item 9.B. Other Information. 72 Item 9.C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 73 Part III Item 10. Directors, Executive Officers and Corporate Governance. 73 Item 11.

Executive Compensation

Executive Compensation. 73 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. 73 Item 13. Certain Relationships and Related Party Transactions, and Director Independence. 73 Item 14. Principal Accounting Fees and Services. 73 Part IV Item 15. Exhibits, Financial Statement Schedules. 74 Signatures. 77 2 Table of Contents PART I

Business

Item 1. Business General Overview Rollins, Inc. ("Rollins," "we," "us," "our," or the "Company"), is an international services company headquartered in Atlanta, Georgia. Through our family of leading brands, we provide essential pest and wildlife control services and protection against termite damage, rodents and insects to more than two million residential and commercial customers from more than 800 Company-owned and franchised locations in approximately 70 countries. Over the course of our lengthy operating history, we have garnered a reputation for providing great customer service. The contracted and recurring nature of our services provide us with visibility into a significant portion of our future revenue. In 1964, brothers O. Wayne and John Rollins acquired Orkin Exterminating Company and in 1965 we changed our name from Rollins Broadcasting, Inc to Rollins, Inc. In 1968, Rollins began trading on the New York Stock Exchange under the symbol "ROL." Since then, we have grown into a premier consumer and commercial services business with numerous industry leading brands including the world renowned Orkin, as well as HomeTeam Pest Defense, Clark Pest Control, Western Pest Services, Critter Control Wildlife, Northwest Exterminating, and Fox Pest Control, among others. Pest control generally consists of assessing a customer's property for conditions that invite pests, tackling current infestations, and stopping the life cycle to prevent future invaders. Termite protection programs include liquid treatments, wet and dry foam applications, termite baiting and wood treatments. We operate under one reportable segment which contains our three service offerings: Residential : Pest control services protecting residential properties from common pests, including rodents, insects and wildlife; Commercial : Workplace pest control solutions for customers across diverse end markets such as healthcare, food service, logistics; and Termite : Termite protection services and a

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