Rollins Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Rollins Inc. filed its Q1 2024 10-Q report detailing financial performance and operational updates.</b>

AI Summary

ROLLINS INC (ROL) filed a Quarterly Report (10-Q) with the SEC on April 25, 2024. Rollins Inc. filed its 10-Q report for the quarterly period ended March 31, 2024. The filing covers the period from January 1, 2024, to March 31, 2024. The company's principal executive offices are located at 2170 Piedmont Rd NE, Atlanta, GA 30324. The filing was made on April 25, 2024. Rollins Inc. is classified under SIC code 7340: Services-to Dwellings & Other Buildings.

Why It Matters

For investors and stakeholders tracking ROLLINS INC, this filing contains several important signals. This 10-Q provides investors with the latest quarterly financial data, enabling them to assess the company's performance and make informed investment decisions. The filing includes details on assets, liabilities, equity, and other financial metrics, offering a snapshot of Rollins' financial health as of March 31, 2024.

Risk Assessment

Risk Level: low — ROLLINS INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain significant new risks or material adverse events.

Analyst Insight

Monitor future 10-Q filings for revenue growth, net income trends, and any changes in strategic initiatives or risk factors.

Key Numbers

• 2024-03-31 — Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-04-25 — Filing Date (FILED AS OF DATE)
• 70 — Public Document Count (PUBLIC DOCUMENT COUNT)
• 2024-01-01 — Quarter Start Date (Reporting Period Start Date)
• 2023-01-01 — Prior Year Quarter Start Date (Prior Year Reporting Period Start Date)
• 2023-03-31 — Prior Year Quarter End Date (Prior Year Reporting Period End Date)

Key Players & Entities

• ROLLINS INC (company) — FILER
• 2170 PIEDMONT RD NE (company) — BUSINESS ADDRESS STREET 1
• ATLANTA (company) — BUSINESS ADDRESS CITY
• GA (company) — BUSINESS ADDRESS STATE
• 30324 (company) — BUSINESS ADDRESS ZIP
• 2024-03-31 (date) — CONFORMED PERIOD OF REPORT
• 2024-04-25 (date) — FILED AS OF DATE
• 7340 (company) — STANDARD INDUSTRIAL CLASSIFICATION

FAQ

Industry Context

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

Regulatory Implications

The filing is a standard 10-Q, adhering to SEC regulations for quarterly financial reporting by public companies.

What Investors Should Do

1. Review the full 10-Q for detailed financial statements and management's discussion and analysis.
2. Compare Q1 2024 results with Q1 2023 to identify year-over-year performance changes.
3. Analyze any disclosed segment information or business developments within the report.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-04-25: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This filing represents the first quarterly report of 2024, following the 2023 annual report.

Key Financial Figures

• $1 — ins, Inc. had 484,230,396 shares of its $1 par value Common Stock outstanding as o

Filing Documents

• rol-20240331.htm (10-Q) — 967KB
• rol-20240331xexx311.htm (EX-31.1) — 9KB
• rol-20240331xexx312.htm (EX-31.2) — 9KB
• rol-20240331xexx321.htm (EX-32.1) — 6KB
• rol-20240331_g1.jpg (GRAPHIC) — 40KB
• rol-20240331_g2.jpg (GRAPHIC) — 40KB
• rol-20240331_g3.jpg (GRAPHIC) — 32KB
• rol-20240331_g4.jpg (GRAPHIC) — 32KB
• 0000084839-24-000070.txt (&nbsp;) — 5208KB
• rol-20240331.xsd (EX-101.SCH) — 32KB
• rol-20240331_cal.xml (EX-101.CAL) — 62KB
• rol-20240331_def.xml (EX-101.DEF) — 164KB
• rol-20240331_lab.xml (EX-101.LAB) — 482KB
• rol-20240331_pre.xml (EX-101.PRE) — 320KB
• rol-20240331_htm.xml (XML) — 516KB

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 3 CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 3 CONDENSED CONSOLIDATED STATEMENTS OF INCOME 4 CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 5 CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY 6 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 7 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 8 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 17 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 28 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 28 PART II OTHER INFORMATION 29 ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 29 ITEM 1A.

RISK FACTORS

RISK FACTORS 29 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 30 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 30 ITEM 4. MINE SAFETY DISCLOSURES 30 ITEM 5. OTHER INFORMATION 31 ITEM 6. EXHIBITS 32

SIGNATURES

SIGNATURES 33 2 Table of Contents ROLLINS, INC. AND SUBSIDIARIES PART 1 FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS OF MARCH 31, 2024 AND DECEMBER 31, 2023 (in thousands except share data) (unaudited) March 31, 2024 December 31, 2023 ASSETS Cash and cash equivalents $ 112,971 $ 103,825 Trade receivables, net of allowance for expected credit losses of $ 14,864 and $ 15,797 , respectively 177,254 178,214 Financed receivables, short-term, net of allowance for expected credit losses of $ 1,914 and $ 1,874 , respectively 35,717 37,025 Materials and supplies 35,698 33,383 Other current assets 62,713 54,192 Total current assets 424,353 406,639 Equipment and property, net of accumulated depreciation of $ 366,779 and $ 360,421 , respectively 127,116 126,661 Goodwill 1,095,141 1,070,310 Customer contracts, net 389,199 386,152 Trademarks & tradenames, net 151,821 151,368 Other intangible assets, net 8,370 8,214 Operating lease right-of-use assets 341,639 323,390 Financed receivables, long-term, net of allowance for expected credit losses of $ 4,342 and $ 3,728 , respectively 79,040 75,909 Other assets 41,940 46,817 Total assets $ 2,658,619 $ 2,595,460 LIABILITIES Accounts payable $ 40,038 $ 49,200 Accrued insurance - current 51,660 46,807 Accrued compensation and related liabilities 79,372 114,355 Unearned revenues 186,021 172,380 Operating lease liabilities - current 97,394 92,203 Other current liabilities 137,451 101,744 Total current liabilities 591,936 576,689 Accrued insurance, less current portion 51,928 48,060 Operating lease liabilities, less current portion 246,614 233,369 Long-term debt 510,909 490,776 Other long-term accrued liabilities 89,736 90,999 Total liabilities 1,491,123 1,439,893 Commitments and contingencies (see Note 9) STOCKHOLDERS' EQUITY Preferred stock, without par value; 500,000 shares authorized, zero shares issued — — Common stock, par value $ 1 per share; 800,000,000 shares authorized, 484,230,396 and 484,080,014 shares issued and

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View this 10-Q filing on SEC EDGAR