Delaware | 1-4422 | 51-0068479 |
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Exhibit No. | Description | |
99.1 | Press Release Dated April 25, 2018 |
2 |
Date: April 25, 2018 | By: | /s/ Paul Edward Northen | |
Name: | Paul Edward Northen | ||
Title: | Vice President, Chief Financial Officer and Treasurer | ||
(Principal Financial and Accounting Officer) |
3 |
For Further Information Contact | |
Eddie Northen (404) 888-2242 |
• | Revenue increased 8.9% for the quarter |
• | Net income up 20.5% for the quarter |
• | Earnings per diluted share rose 22.2% for the quarter to $0.22 from $0.18 |
• | Rollins improved benefit plans reduced first quarter earnings by $0.01 share |
At March 31, (unaudited) | 2018 | 2017 | ||||||
ASSETS | ||||||||
Cash and cash equivalents | $ | 84,319 | $ | 162,478 | ||||
Trade accounts receivables, net | 96,459 | 85,178 | ||||||
Financed receivables, net | 16,979 | 15,177 | ||||||
Materials and supplies | 15,885 | 14,736 | ||||||
Other current assets | 27,062 | 28,186 | ||||||
Total Current Assets | 240,704 | 305,755 | ||||||
Equipment and property, net | 136,272 | 132,101 | ||||||
Goodwill | 364,606 | 257,612 | ||||||
Customer contracts, net | 176,447 | 115,262 | ||||||
Other intangible assets, net | 61,636 | 43,784 | ||||||
Deferred income taxes, net | 10,428 | 36,414 | ||||||
Financed receivables, long-term, net | 22,305 | 16,344 | ||||||
Prepaid Pension | 18,237 | — | ||||||
Other assets | 20,061 | 17,593 | ||||||
Total Assets | $ | 1,050,696 | $ | 924,865 | ||||
LIABILITIES | ||||||||
Accounts payable | $ | 30,624 | $ | 31,946 | ||||
Accrued insurance, current | 28,462 | 26,938 | ||||||
Accrued compensation and related liabilities | 64,610 | 60,338 | ||||||
Unearned revenue | 117,934 | 104,325 | ||||||
Other current liabilities | 57,443 | 43,968 | ||||||
Total Current Liabilities | 299,073 | 267,515 | ||||||
Accrued insurance, less current portion | 34,787 | 32,327 | ||||||
Accrued pension | 19 | 2,506 | ||||||
Long-term accrued liabilities | 54,054 | 38,966 | ||||||
Total Liabilities | 387,933 | 341,314 | ||||||
STOCKHOLDERS' EQUITY | ||||||||
Common stock | 218,186 | 218,009 | ||||||
Retained earnings and other equity | 444,577 | 365,542 | ||||||
Total stockholders' equity | 662,763 | 583,551 | ||||||
Total Liabilities and Stockholders' Equity | $ | 1,050,696 | $ | 924,865 |
Three Months Ended March 31, | ||||||||
2018 | 2017 | |||||||
REVENUES | ||||||||
Customer services | $ | 408,742 | $ | 375,247 | ||||
COSTS AND EXPENSES | ||||||||
Cost of services provided | 206,143 | 189,163 | ||||||
Depreciation and amortization | 16,916 | 13,771 | ||||||
Sales, general and administrative | 126,487 | 115,154 | ||||||
Gain on sale of assets, net | (56 | ) | (26 | ) | ||||
Interest income, net | 58 | (73 | ) | |||||
349,548 | 317,989 | |||||||
INCOME BEFORE INCOME TAXES | 59,194 | 57,258 | ||||||
PROVISION FOR INCOME TAXES | 10,669 | 16,988 | ||||||
NET INCOME | $ | 48,525 | $ | 40,270 | ||||
NET INCOME PER SHARE - BASIC AND DILUTED | $ | 0.22 | $ | 0.18 | ||||
Weighted average shares outstanding - basic and diluted | 218,163 | 217,971 |
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