Oct 29 (Reuters) - Rollins beat analysts'
estimates for third-quarter profit on Wednesday, driven by
resilient demand for its pest-control and hygiene services.
WHY IT'S IMPORTANT
Rollins benefited from consistent year-round demand for its
services even as cooler weather began to ease seasonal pest
activity.
The company provides pest control services including
termite, bed bug, and rodent infestation treatment.
Sanitation and pest-control checks remained a priority for
both households and businesses.
KEY QUOTE
"Double-digit revenue growth drove exceptional earnings and
cash flow results in the quarter," CFO Kenneth Krause said.
BY THE NUMBERS
The company's revenue rose 12% to $1.026 billion during the
quarter ended September 30, compared with analysts' average
estimate of $1.021 billion, according to data compiled by LSEG.
The Atlanta, Georgia-based company's adjusted profit per
share was 35 cents, while analysts had estimated 33 cents.
Adjusted operating margin was 22.6%, up 120 basis points
over a year earlier.