Rollins Revenue Rises 6.2% as Residential Organic Growth Trails

Rollins, Inc. posted 6.2% third-quarter revenue growth, while organic residential revenue rose more slowly than organic commercial revenue, showing different growth rates across its two businesses. Revenue for the quarter ended Sept. 30 totaled $1.09 billion. Organic revenue reached $1.07 billion, up 4.4% from a year earlier. Residential revenue increased 4.9% to $499.7 million. Organic residential revenue was $487.4 million, with acquisitions contributing $12.3 million. Commercial revenue climbed 7.7% to $360.7 million, and organic commercial growth was 6.6%. “Residential customer acquisition remained under pressure in the third quarter,” said Will Harkins, Rollins’ executive vice president and chief financial officer.

Source: TokenPost