Or still above that historical average level? With that, I'll turn the call back over to Jerry for closing remarks. It's very helpful. The team delivered a strong start to the year. We're also continuing to add to our sales force and emphasizing bundling of multiple services like pest and mosquito through our call center operations. First, we delivered 11% revenue growth. We have no intention to take the foot off the gas and slow it down. Thank you. This past year, we spent just about $120 million. So it provides us tremendous amount of growth opportunities as we go forward. Yes. OK. Please proceed with your question. Okay. Corporate Executives. At this time, all. Quarterly revenue was $661 million, up just over 10% on a reported basis. In closing, our fourth quarter performance continues to demonstrate the strength of our business model. Image source: The Motley Fool. Transcript : Rollins, Inc., Q1 2023 Earnings Call, Apr 27, 2023 And in terms of the opportunity to continue to drive cross-sell through the business, at this point, the upside looks endless. Today's Change Current Price $40.89 Price as of June 13, 2023, 4:00 p.m. We're trying to stay ahead of the inflationary cycle that we're all feeling and trying to pass along that price and price our the value of the services that we're providing to our customers. Rollins (. The sales teams continue to perform very well on both locally sold and national account sales efforts across all our commercial brands. Home Markets News Rollins (ROL) Q3 2022 Earnings Call Transcript Rollins (ROL) Q3 2022 Earnings Call Transcript Motley Fool 7 months ago 0 shares 1 views Facebook Twitter LinkedIn Reddit Pinterest Rollins (ROL) Q3 2022 Earnings Call Transcript Published 7 months ago ROL earnings call for the period ending September 30, 2022. We build out our platform of businesses and services that we're providing in the UK because we view that as a very attractive market. Our first question comes from the line of Tim Mulrooney with William Blair. GAAP earnings per share increased 20% to $0.18 per share. Year-to-date we have made acquisitions totaling just over $119 million and paid dividends of approximately $212 million. And if I could slip maybe one last one. So, really on the Orkin side, we are looking to very similar levels to what we did in prior year, where we've actually gotten more aggressive in our other brands than we were at prior year. I mean, do you intend to drive it back to zero over the next several years like you typically do, or might we - are we potentially looking at a different capital structure at Rollins on a go-forward basis? And then just kind of your ability to price in excess of cost inflation given some of the pull forward in pricing for '23? Yes, so, Tim, this is Jerry. Rollins (ROL) Q3 2022 Earnings Call Transcript - The Globe and Mail Thank you, John, and thank you all for joining our call today. Rollins, Inc. (NYSE:ROL) Q4 2022 Earnings Call Transcript - Yahoo Finance We'll continue to deploy capital internationally, but I have to remind you also that the U.S. is our largest market, it's our fastest-growing market and it's highly fragmented. But the fourth quarter, below 29%, that was below what most folks were anticipating and what we'd typically see from you guys. Our teams have fought to help us do that in the procurement side. Rollins, Inc. (ROL) Q3 2022 Earnings Call Transcript We expect to make progress on this in the first quarter. And when we look at the business, we started to see gradual improvement in fleet as we move throughout the year. [Operator Instructions] Our first question comes from the line of Tim Mulrooney with William Blair. We continue to grow our business. Organic demand remains robust, and we are very well positioned to continue to use our strong balance sheet to grow our business. [Operator Instructions] The first question comes from Tim Mulrooney from William Blair. Second, quarterly adjusted EBITDA margins were a healthy 22.1%, up approximately 180 basis points versus the same period a year ago. Stay tuned on this front, but know, we are focused on taking action that will help improve performance in this area in years to come. I appreciate the question. Please disable your ad-blocker and refresh. GAAP operating income was $120 million or 18.1% of revenue. Share . Across all the service lines I just discussed, a key driver of growth is pricing. As I have consistently indicated, I like to look at the business using incremental margins or meaning, what percent of every additional dollar of revenue growth is converted to EBITDA. Currencies reduced quarterly revenue growth by 70 basis points on the stronger dollar, notably versus the Canadian dollar, the Australian dollar, and the British pound. The Motley Fool has a disclosure policy. If you go back to 2020 and 2021, we spent almost $150 million each of those years on acquisitions. There's always challenges. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. When we look at the business, there's two or three broad buckets of costs. By making this change historical earnings increased by $0.01 per share per year. Secondly, margins were very healthy to start the year. That's helpful. Second, our continued emphasis on margin improvements drove 130 basis-point improvement in EBITDA margins in the quarter. This is certainly good to see. And so we're continuing to manage the inflationary pressures. A question-and-answer session will follow the formal . Great. Rollins (ROL) Q4 2022 Earnings Call Transcript | The Motley Fool Joe Calabrese. It's hard to provide an estimate on that as we think about the next quarter or two. We will very much remain to the playbook that we've executed for a very long time, which has certainly paid off for our investors. For the year, we saw elevated costs associated with casualty reserves, up $12 million for the year with $10 million of that in the third quarter alone. Looking closer at profitability. We're happy to take any questions at this time. I will speak about incremental margins shortly, but as Jerry indicated, they were a bright spot. And as you know we're always looking to get better. We saw higher costs in this area throughout the year. So we're pretty bullish, we're pretty optimistic and we feel like we've got a great growth plan that spans the globe. Please proceed with your question, David. Only maybe staffing. Certainly, can do that for you, and appreciate the comments. Operationally, we have strong momentum in our markets. Our next question comes from the line of Brian Butler with Stifel. ET. We discussed these charges with you back in October and continue to focus on implementing a number of key programs that Jerry mentioned previously, that are aimed at improving in this area. As many of you are aware, Rollins has a long-standing companywide focus on personal safety. And so this year, we were better positioned to handle the opportunity that we had. By making this change, historical earnings increased by $0.01 per share per year. Our press release and our 10-K that we expect to file later today will include more information on these changes. Thanks again. So, my first question is just really the Fox Pest acquisition. GAAP earnings per share were $0.17, up from $0.14 in the same period a year ago. Now turning to the Fox Pest Control acquisition, I'm very excited about this recent event. That's a good point, John. Rollins, Inc. (NYSE:ROL) Q1 2023 Earnings Call Transcript Published on May 3, 2023 at 4:45 am by Insider Monkey Transcripts in News, Transcripts Next >> Unidentified Analyst: Hi. Good morning. We are actively evaluating options to refinance our credit facilities that are set to expire in April of 2024. As we've demonstrated in the past, acquisitions are a key part of Rollins's growth strategy. So that's our aim. [Operator Instructions] Our next question comes from the line of Oliver Davies with Redburn. We delivered improvements in SG&A expense as well. Rollins, Inc. (NYSE: ROL) Q1 2023 Earnings Call Transcript April 27, 2023 Operator: Greetings, and welcome to the Rollins Inc. First Quarter 2023 Earnings Call. Ladies and gentlemen, that does conclude today's conference. And if you look at the business over the long term and eliminating some of the fluctuations and volatility that you saw during COVID and recovery from COVID, this market has the opportunity to continue to grow at that mid- to high-single digits. A question-and-answer session will follow the formal presentation. I cannot stress enough what a great addition this is to our family of brands, and I'll now hand the call over to Jerry to recap Rollin's first quarter results, and talk about the transaction in greater detail. Thank you. We believe these initiatives will help ensure our workforce returns home to their family safely each and every day. Reflecting solid execution of our operating strategies, Rollins delivered another strong performance in the fourth quarter, highlighted by total revenue growth of over 10% in the fourth quarter, and over 11% for the full year. Please. To make the world smarter, happier, and richer. We used a combination of existing cash balances and borrowings to pay for this strategic acquisition. ET ROL earnings call for the period ending June 30, 2022. While market data indicates this to be consistent across the industry, we started 2023 with strong residential revenue performance in January. Rollins Q2 2021 Earnings Call Transcript Wed., July 28, 2021 | AlphaStreet. Russ was elected to our Board at our recent shareholder meeting, and has served as President of the Robert W. Woodruff Foundation since 2006. Entering text into the input field will update the search result below, this call, excluding historical facts, are subject to a number of risk and strategies and actual results made differ materially from any statement we make today. And last, but not least, we delivered a 15% improvement in operating cash flow, and a 17% improvement in free cash flow. We continue to focus on execution and driving long-term profitable growth for our shareholders. John, would you like to begin? We have a considerably larger staff than we did even a year ago and far more than we did two years ago. The replay can be accessed by dialing 201-612-7415 with the passcode 13735127. President, Chief Financial Officer and Treasurer; and Julie Bimmerman, Group Vice President Finance and Investor Relations. Our earnings release discusses our business outlook and contains certain forward-looking statements. Thank you very much. We appreciate all of you joining us for our first quarter 2023 earnings call. And is growth kind of higher or lower out in those markets than it is in the U.S.? Ken will then address the financials in more detail in a moment. In many of the markets they serve, Fox is a market leader with a great service reputation. The category search was down around the 15% mark. Our 2020 . Thank you. Please proceed with your question. Well, thanks, everyone, for joining our call today. We feel like that $90 million to $100 million would probably come into our business very similarly to how our business is reported. Entering text into the input field will update the search result below. Turning to profitability, we realized 30 basis points improvement in gross profit margin. And last, but not least, we reported strong growth and cash flow for the quarter. So, I think I'm going to skip that and just jump to the strong organic growth. Thank you, Jerry, and good morning, everyone. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Detailed price information for Rollins Inc (ROL-N) from The Globe and Mail including charting and trades. But how should we think about that level of pricing increase? Only maybe staffing. And then I guess on the termite side, I'm assuming a decent amount of that grows from ancillary sales. Additionally, all our brands are increasing their rate cards. I'll take this question. Rollins Inc (ROL) Q1 2020 Earnings Call Transcript Rollins Q3 2021 Earnings Call Transcript Wed., October 27, 2021 | AlphaStreet. Just wanted to dig in a bit more on the resi business in Q4. ET ROL earnings call for the period ending December 31, 2021. Ken will then address the financials in more detail in a moment. And then just kind of your ability to price in excess of cost inflation given some of the pull forward in pricing for 2023? And so we are optimistic about our ability to continue to drive margins. Each of these brands are making meaningful progress at improving efficiency. Let's look at the quarterly results in more detail. EBITDA margin was 21.2%, up a strong 130 basis points over the prior year EBITDA margin. In summary, our quarter performance continues to demonstrate the strength of our business model and the engagement level of our team. And so, I think that's an important point to remember as you think about modeling out, say, the second and third quarter of the year. While we successfully completed four acquisitions during the fourth quarter we proactively remain on the sidelines during the last few months of 2022 and turned our attention to 2023 deals in our pipeline. And congrats on a solid quarter. Rollins, Inc. (NYSE:ROL) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ET. Gary W. Rollins. This is actually John filling in for Seth. That's great. I just wondered if you could talk about some of those trends in the industry more broadly? And so, we'll continue to tick that up in the second quarter, as we have in past years. Thank you. Jerry? We want Fox to - we want to make for a smooth transition, have Fox settled into what they're doing. As I indicated previously, we did not have any adjustments this year to EBITDA margin. Rollins Q4 2021 Earnings Call Transcript - MarketBeat The next question comes from Seth Weber from Wells Fargo. Rollins, Inc. News Summary ROL US7757111049 ROLLINS, INC. (ROL) Add to my list Report Summary Quotes Charts News Ratings Calendar Company Financials Consensus Revisions Funds Summary All News Analyst Reco. You may begin. 04/27/2023 | 08:30am EDT Greetings, and welcome to the Rollins Inc. First Quarter 2023 Earnings Conference Call. We don't want to jump in anything with too much of a distraction for our team or for them in the short run. Next, we remain committed to investing in our business to drive efficiency. And those were down -- I think, Julie, I think -- I remember, the number was in the 15% range is what we heard across the industry. Transcript : Rollins, Inc., Q4 2022 Earnings Call, Feb 16, 2023 Part of that's related to COVID. With that, I'll turn the call back over to Jerry for closing remarks. However, before I turn the call over to Ken I want to emphasize that our team at Rollins had a successful year in 2022 and we are confident in our ability to continue driving growth and improving profitability in our business. Additionally, the call is being webcast at www.rollins.com, and a replay will be available for 180 days. And so, that's why with these acquisitions, we don't go into looking to rock their world and go so carefully on the integration and/or assimilation. It was just an overall better environment, not necessarily something about technology or anything along those lines. Thank you. And then maybe just a broader question on organic growth. At this time, all participants are in a listen-only mode. The company remains well positioned to achieve our long-term objectives, and we're seeing solid levels of growth in the business. I just wondered if you could talk about some of those trends in the industry more broadly. I'd like to turn the floor back to management for closing remarks. Let me start with a few highlights. Most of these price increases will be initiated beginning in early March and some were already implemented in January. We had a strong quarter and finish to the year. And looking ahead, we remain well positioned for 2023 and confident in our ability to continue to drive strong operating results. Bringing new business in at the volume they're bringing in, that's what's making the difference. So what are you seeing on just the sort of the termite business? And so we're -- and Ken's finding some ways to help us do that. Thank you. That's great. So we actually saw a little bit more of pricing, not only from pulling it forward but because we were passing along a higher pricing -- price inflation to our customers. Thank you, and you may proceed, sir. While still strong, we realized slower growth in the residential sector. And so, unfortunately, we saw that come through with higher insurance premiums in the first quarter. These particular forward-looking statements, and all other statements that have been made on this call, excluding historical facts, are subject to a number of risk and strategies and actual results made differ materially from any statement we make today. So our goal is always to try to get better and maintain or beat those rates year-over-year. So, we're probably a little bit cautious there on really large deals in the very short term, but we'll continue to do the bolt-ons. But with the consumer outlook may be a little bit murkier as we turn the corner into 2023 I'm curious how you're thinking about the level of pricing this year. We expect the Fox acquisition to be accretive to earnings in the first full year, with more meaningful contributions to EPS during the latter part of this year and into the first quarter of next year. Fox evolved in their growth strategies to include other streams, as now about a third of their customers are acquired through digital channels. Through consistent growth and expansion, Fox now provides general pest control services for homeowners from 32 locations in 13 States. In early April, I had the opportunity to visit with many of the fantastic team members at Fox, and was able to witness firsthand the deep pride they have in the Fox brand. We were more consistent in raising prices across all of our brands this year. We closed on our new facility before the banking crisis in March, and we were able to successfully secure a more modernized facility, that, in addition to other benefits, provides us with the opportunity to incorporate sustainability metrics into the revolver in the future. Cash flow conversion, the percent of income that was turned into cash, was also a bright spot, coming in and above 100% for the quarter. Thank you. Our next question comes from the line of Brian Butler with Stifel. Kenneth Krause -- Executive Vice President, Chief Financial Officer. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Thank you. As the case in the prior year, we expect to see SG&A tick up slightly in Q2 as we invest more heavily in customer acquisition-related costs across the business during the start of our more busy season in the second quarter. We saw good performance on gross profit, as pricing more than offset inflationary pressures. What I would add to that, Jerry, is that Fox does a really exceptional job in their marketing efforts, and there might be an opportunity to leverage Fox and the Rollins family of brands. Hi, guys. During the quarter, we refinanced our credit facilities that were set to expire in April of 2024. And those are data that we get from companies like Google. Share . Our team continues to do a tremendous job here. But in summary these are non-cash-related items that reduced what we originally reported for earnings by an immaterial amount. We build out our platform of businesses and services that we're providing in the U.K. because we view that as a very attractive market. So that seems it appears to be across the board. The cost of replacing just a single tire remains sky high. Our next question comes from the line of Stephanie Moore with Jefferies. Image source:. Most of these price increases will be initiated beginning in early March, and some were already implemented in January. Just firstly, just what are you seeing in terms of the international markets that you operate in? Our focus is on hiring the best and the brightest, retaining and providing the tools that will continue to drive that high level of engagement across our workforce, that in turn results in that high level of customer service that we're known for.