Rollins Q2 revenue up 15.3% to $638.2M; appoints interim CFO amid SEC probe

ROLLINS INC

2022-Q2 EPS reported $0.39 revenue$1,173,758,000

Q2 revenue $638.2M (+15.3% YoY); net income $98.9M ($0.20 EPS) vs $75.4M ($0.15) a year ago.
Paul E. Northen moves to SVP Sustainability; Julie Bimmerman named Interim CFO and Treasurer effective July 27.
SEC investigation into historical accrual adjustments (2015-2017) continues; new allegations prompted supplemental internal probe.
Company states financial statements fairly presented but cannot predict outcome; potential material adverse impact from SEC or litigation.
H1 2021 adjusted net income $168.3M ($0.34) vs $118.6M ($0.24); $31.5M pre-tax gain on sale of Clark properties.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Paul E. Northen

Senior Vice President focused on sustainability

ROL · ROLLINS INC

Effective: 2021-07-27
Successor: Julie Bimmerman
Filed: July 28, 2021, 7:59 PM ET

The Company’s current Chief Financial Officer and Treasurer, Paul E. Northen, transferred into an operational role as Senior Vice President focused on sustainability, also effective July 27, 2021.

Appointed (interim)

Julie Bimmerman

Interim Chief Financial Officer and Treasurer

ROL · ROLLINS INC

Effective: 2021-07-27
Filed: July 28, 2021, 7:59 PM ET

On July 27, 2021, the Company’s Board of Directors (“Board”) appointed Julie Bimmerman to serve as the Company’s Interim Chief Financial Officer and Treasurer to assume the duties of principal financial officer and principal accounting officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul E. Northen changed role as Senior Vice President focused on sustainability at ROLLINS INC.

Action: transferred
Role: Senior Vice President focused on sustainability

Exact text from the filing

The Company’s current Chief Financial Officer and Treasurer, Paul E. Northen, transferred into an operational role as Senior Vice President focused on sustainability, also effective July 27, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Julie Bimmerman was appointed as Interim Chief Financial Officer and Treasurer at ROLLINS INC.

Action: appointed
Role: Interim Chief Financial Officer and Treasurer

Exact text from the filing

On July 27, 2021, the Company’s Board of Directors (“Board”) appointed Julie Bimmerman to serve as the Company’s Interim Chief Financial Officer and Treasurer to assume the duties of principal financial officer and principal accounting officer.

View on SEC.gov

ROLLINS INC filing history →

Source: SEC EDGAR

accession 0001171200-21-000279

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