Rollins beats first-quarter estimates on demand for pest control services

IBM Corp
Rollins, Inc.

IBM Corp

IBM

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Rollins, Inc.

ROL

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April 22 (Reuters) - Rollins ROL.N beat Wall Street estimates for first-quarter revenue and earnings on Wednesday, benefiting from robust demand for its pest control services.

  • The company said it benefited from gains across its business including protection against termite damage, rodents and other insects, even at a time when broader economic uncertainty strained household budgets.

  • "Peak season is off to a good start," CEO Jerry Gahlhoff said.

  • Strong acceleration of demand during March drove improvement in organic growth, the company said.

  • The company reported revenue of $906 million for the first quarter ended March 31, beating analysts' average estimate of $894.6 million, according to data compiled by LSEG.

  • It reported organic revenue growth of 6.6%, compared with a 7.4% rise last year.

  • Quarterly adjusted profit came in line with estimates of 24 cents.


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