Boston, MA 10/24/2013 (wallstreetpr) – Rollins, Inc. (NYSE:ROL), a leading commercial and consumer services company, today posted its 3Q13 results and unaudited financial reports for the first nine months ending September 30.
Total revenues of the company showed a 6.5% increase pushing the last year’s figure of $340.2 million to $362.2 million this year. Net income also showed the same trend and increased 12.4% to $36.2 million or $0.25 per share for 3Q13 as compared to $32.2 million or $0.22 per share last year. These figures are the highest net income percentage and revenue for this year.
The company’s revenue for the first nine months of this year rose 5% to $1.013 billion as compared to $964.5 million for the previous year. Net income for the nine months has also jumped $95.4 million or $0.65 per share as compared to the previous year’s net income of $88.4 million or $0.60 per share.
Rollins purchased 168,110 shares in the third quarter under its share repurchase program and total shares purchased for this year totals 340,699. Under the share repurchase program, the company has an option to buy 4,957,484 more shares.
The Board of Directors for the company yesterday announced a $0.09 per share quarterly cash dividend on its common stock plus an extra year-end dividend of $0.09 per share. Both the dividends are payable till Dec 10.
Chief Executive Officer and Vice Chairman of the company, Mr. Gary Rollins, shared his happiness and said that the company is very pleased with the 3Q13 and first nine month financial results. He added that all the operating segments and business streaks of Rollins has showed increasing trend that successfully reflects the advantages of company’s new sales and marketing programs employed this year. Mr. Rollins further said that the company is on the track of another successful year.
