Rollins, Inc. Files Q2 2024 10-Q Report

Ticker: ROL · Form: 10-Q · Filed: Jul 25, 2024 · CIK: 84839

Rollins Inc 10-Q Filing Summary
FieldDetail
CompanyRollins Inc (ROL)
Form Type10-Q
Filed DateJul 25, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$1
Sentimentneutral

Sentiment: neutral

Topics: 10-Q, quarterly-report, compliance, sec-filing

Related Tickers: ROL

TL;DR

**ROL filed its Q2 10-Q, confirming compliance and trading status on NYSE.**

AI Summary

Rollins, Inc. filed its quarterly report for the period ended June 30, 2024. The company confirmed it has filed all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days. Rollins, Inc. is registered with the SEC under file number 1-4422 and its common stock trades on the NYSE under the symbol ROL.

Why It Matters

This filing provides investors with an update on Rollins, Inc.'s financial performance and compliance status for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report confirming compliance and providing basic company information, indicating no immediate or unusual risks.

Key Numbers

  • 1-4422 — Commission File Number (Identifies the company's registration with the SEC.)

Key Players & Entities

  • Rollins, Inc. (company) — Registrant
  • June 30, 2024 (date) — Quarterly period end date
  • 1-4422 (other) — Commission File Number
  • ROL (stock_symbol) — Trading Symbol for Common Stock
  • NYSE (company) — Exchange where Common Stock is registered

FAQ

What is the primary purpose of this Form 10-Q filing?

The primary purpose is to provide a quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended June 30, 2024.

Has Rollins, Inc. filed all required reports in the preceding 12 months?

Yes, the filing indicates that Rollins, Inc. has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months.

What is the trading symbol for Rollins, Inc.'s common stock?

The trading symbol for Rollins, Inc.'s common stock is ROL.

On which exchange is Rollins, Inc.'s common stock registered?

Rollins, Inc.'s common stock is registered on the NYSE.

What is the company's principal executive office address?

The address of the principal executive offices is 2170 Piedmont Road, N.E., Atlanta, Georgia 30324.

Filing Stats: 4,621 words · 18 min read · ~15 pages · Grade level 15.1 · Accepted 2024-07-25 16:10:34

Key Financial Figures

  • $1 — ins, Inc. had 484,313,840 shares of its $1 par value Common Stock outstanding as o

Filing Documents

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 7 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS 8 NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 9 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 19 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 33 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 33 PART II OTHER INFORMATION 34 ITEM 1.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 34 ITEM 1A.

RISK FACTORS

RISK FACTORS 34 ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 35 ITEM 3. DEFAULTS UPON SENIOR SECURITIES 35 ITEM 4. MINE SAFETY DISCLOSURES 35 ITEM 5. OTHER INFORMATION 36 ITEM 6. EXHIBITS 37

SIGNATURES

SIGNATURES 38 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 JUNE 30, 2024 AND DECEMBER 31, 2023 (in thousands except share data) (unaudited) June 30, 2024 December 31, 2023 ASSETS Cash and cash equivalents $ 106,697 $ 103,825 Trade receivables, net of allowance for expected credit losses of $ 16,100 and $ 15,797 , respectively 205,183 178,214 Financed receivables, short-term, net of allowance for expected credit losses of $ 1,971 and $ 1,874 , respectively 39,959 37,025 Materials and supplies 37,925 33,383 Other current assets 84,528 54,192 Total current assets 474,292 406,639 Equipment and property, net of accumulated depreciation of $ 372,839 and $ 360,421 , respectively 129,115 126,661 Goodwill 1,116,215 1,070,310 Customer contracts, net 386,211 386,152 Trademarks & tradenames, net 151,334 151,368 Other intangible assets, net 8,434 8,214 Operating lease right-of-use assets 371,018 323,390 Financed receivables, long-term, net of allowance for expected credit losses of $ 4,436 and $ 3,728 , respectively 85,498 75,909 Other assets 44,385 46,817 Total assets $ 2,766,502 $ 2,595,460 LIABILITIES Accounts payable $ 54,075 $ 49,200 Accrued insurance - current 49,246 46,807 Accrued compensation and related liabilities 107,606 114,355 Unearned revenues 196,690 172,380 Operating lease liabilities - current 105,905 92,203 Other current liabilities 96,428 101,744 Total current liabilities 609,950 576,689 Accrued insurance, less current portion 57,602 48,060 Operating lease liabilities, less current portion 267,639 233,369 Long-term debt 502,043 490,776 Other long-term accrued liabilities 93,210 90,999 Total liabilities 1,530,444 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, 484,313,840 and 484,080,014 shares issued and

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