Rollins Q2 2022 revenue up 11.9% to $714M; EPS flat at $0.20

ROLLINS INC

2022-Q2 EPS reported $0.35 revenue$1,304,729,000

Record Q2 revenue of $714.0M (+11.9% YoY); organic revenue grew 8.7% to $693.6M.
Q2 net income $100.3M ($0.20 diluted) vs $98.9M ($0.20) a year ago; adjusted EPS $0.20.
Six-month net income $172.7M ($0.35) down from $191.5M ($0.39) due to higher people, fleet, advertising, and materials costs.
Residential, commercial, and termite/ancillary services each posted double-digit revenue growth.
Management expressed confidence in strategic growth and profitability for remainder of 2022.

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