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On the service salaries we were talking -- we do believe that that is something that we have overcome, because we do believe that that is related to the COVID experience that we had in the early part of the year. Can you talk a little bit about -- look, I think we know how it works on the residential side. Toward this end, I'd like to highlight that during the quarter, Rollins was awarded a 2022 Top Workplaces Award by the Atlanta Journal Constitution. Did you want to address anything else on the potline? Through the years, Orkin has grown adding both new customers and new customer service offerings like bed bug, flea and tick, mosquito and most recently, VitalClean, our service designed to fight COVID-19. Rollins' reported net income was $93.9 million or $0.19 per diluted share for the third quarter ended September 30, 2021, compared to $79.6 million or $0.16 per And then just a quick housekeeping, and maybe I missed it in the prepared remarks. Net income was $72.4 million or $0.15 per diluted share. So, it's kind of a win-win situation and makes you feel good that they're getting a raise too. Jerry will share with you details of our active CFO search to further improve this area. These particular forward-looking statements and all other statements that have been made on this call, excluding historical facts, are subject to a number of risks and uncertainties, and actual risks may differ materially from any statement we make today. We look forward to updating you next quarter on our progress. Torex Gold Resources Inc Any comments on that one? In the wake of Kodiak Sciences Inc.'s (NASDAQ:KOD) latest US$39m market cap drop, institutional owners may be forced to take severe actions. Our attitude is, they may not have -- may not require the full amount of the price increase, but we do get some amount. This does conclude today's teleconference. 10-K. *Stock Advisor returns as of June 7, 2021, Joe Calabrese -- National Head of Investment, Fiduciary and Banking Services. [Operator instructions]. Yes. Thank you, Julie. Julie will address the non-GAAP adjustments a little later. So we still have plenty of action going on there. If I could add something, most of our pest control technicians have an element of productivity and their pay plans. At this time, all participants are in a listen-only mode. Looking at the numbers. How much was cross-sell or new products introduced to existing customers? I appreciate it. We faced some difficult challenges in January as our reported number of employees testing positive for COVID-19 increased 154% over January 2021. +0.63% rising 0.63% to 33,926.74. For the quarter, we experienced solid growth in all our business lines with residential increasing 13.6% and termite, 16.3% over second quarter 2020. So, we really share that data and -- which really kind of adds integrity to what we're doing, because there there's no need to change the pricing. I mean we've spoken to several regional providers who are talking about price increases of more than 5% this year. WebTa bl e of C ont e nt s T hroughout t hi s re port , w e re fe r t o M a rri ot t Int e rna t i ona l , Inc ., t oge t he r w i t h i t s c ons ol i da t e d s ubs i di a ri e s , a s w e , us , M a rri ot t , or t he Thank you. This decline in EPS was primarily the result of last year's gain on the sale of Clark properties. 11.2% Total revenue growth* 70+ Total Countries Serviced *FY 2022 over 2021 As of December 31, 2022 Form 10-K For complete information regarding our financials, EX-10.10. We gave up 0.7 point in margin to increases in fleet expense in Q1. But we've learned that that really there's not much difference between the customers that are being rolled back. And then talking on the organic side for the residential was the 12.3%; commercial, excluding fume, 14.8%; and termite at the 14.9%. See our market data terms of use. But any kind of quantification there would be extremely helpful. Tim Mulrooney -- William Blair -- Analyst. [Operator Instructions]. First quarter EBITDA 2022 was 117.8 million or 4.2% over 2021 adjusted EBITDA of 113 million. And let me jump on to that real quick, and this actually goes back to, I think, it was Mario's question. Tetra Tech Management will make some opening remarks, and then we'll open the line for your questions. As Gary mentioned, we are pleased with our first quarter financial results, with revenue increasing to 590.7 million and net income totaling 72.4 million or $0.15 per share. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Now for a few notes regarding our cash flow. On the line with me today and speaking are Gary Rollins, Rollins' Chairman and Chief Executive Officer; John Wilson, Vice Chairman, Jerry Gahlhoff Jr. President and Chief Operating Officer and Julie Bimmerman, Interim Chief Financial Officer, Vice President and Treasurer. Yes. KOD - Kodiak Sciences Inc. Stock Even as we were all entering a different economic time back in Q2 of last year, our revenue grew at a steady 5.6%. We're optimistic about our opportunities ahead and appreciate your interest in our company. There's probably more private equity players involved now than there were even two years ago. She was also involved in the sale and distribution of those networks, the protection of intellectual property, employment matters as well as litigation and transactional work relating to acquisitions and joint ventures. The company is also offering investors, a supporting slide presentation, which can be found on Rollins' website at www.rollins.com. Rollins, Inc. (NYSE:ROL) Q1 2022 Earnings Conference Call April 27, 2022 10:00 AM ET, Gary Rollins - Chairman and Chief Executive Officer, Julie Bimmerman - Vice President, Interim Chief Financial Officer and Treasurer, Jerry Gahlhoff - President and Chief Operating Officer. And so some of that's driving some of the conversations that we've had. If you're seeing wages really ramp a lot higher, you're finding it a lot harder to find talent over the following -- over the next year, would you kind of flex that pricing up a little higher to offset the increased costs? There's also places where there's demand, still where people are coming back to office spaces and people are still concerned about their workers being in there and want that kind of disinfection service still occurring. Thank you very much. So we -- that makes sense. It is noteworthy that the SEC recognizes within the order that Rollins "cooperation and the remedial acts were promptly undertaken to prevent and detect the type of misconduct described in the order". As to our retention rate, we have seen a consistent incremental growth on our retention over the last five years and still do see that trend continuing this year. Out of respect for the process, we will not answer any questions during our Q&A on this matter. So just a real quick housekeeping here. Download (693 KB) GPC 4Q21 Earnings Presentation Deck The second quarter revenues of $638.2 million was an increase of 15.3% over the prior year's second quarter revenue of $553.3 million. Please proceed with your question. And then also how much that extra sales force capacity that you guys have will help potentially maintain high single-digit growth in Q2 and the back half of the year? Our earnings release discusses our business outlook and contains certain forward-looking statements. Thank you again. Im living paycheck to paycheck and I feel drained: My fianc said he would pay half of the mortgage. Now on to our income. Susan currently serves as chair of that committee. NEW YORK , May 8, 2023 /PRNewswire/ -- Paramount Global (NASDAQ: PARA, PARAA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share on both its Class A and Class B Common Stock. The -- if I understand the way you're describing the timing of it, first quarter 2022 does not reflect the benefit of being more aggressive. Investor relations But most of our technology on the residential side is focused on that relationship building with the customer communications, notifications. Our next question comes from the line of Mario Cortellacci with Jefferies. And we have a tremendous database that we're able to compare the price that the customer is paying related to the current rate card, look at the exact gap, if you will, between the rate card and the price and study quite carefully what the results are going to be and so forth. This represents a 25% increase over the dividends paid in June 2021. Yes, Tim, this is Jerry. Operating globally through its wholly owned subsidiaries, Orkin, Inc., PCO Services We think -- John is absolutely right about commercial and termite that ramped up the Salesforce. Louise has also been appointed to our nominating and governance committee and the compensation committee. Please refer to today's press release and for our SEC filings, including the risk factors section of our Form 10-K for the year ended December 31, 2021, for more information and the risk factors that could cause actual results to differ. This equates to an estimated addition of over 3.2 million miles driven if our miles between stops had not been reduced using our routing and scheduling technologies. Discounted offers are only available to new members. Rollins Inc. Wednesday said it has named an interim finance chief amid a continuing investigation by the U.S. Securities and Exchange Commission into the pest-control companys accounting practices. I appreciate it. ECL, Next, for a quick update on our acquisition pipeline. Is it larger because more pest control companies are emerging every day? How much do you expect it to be this year? WebShares of Rollins Inc. ROL rallied 1.49% to $42.29 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising And congrats on the strong momentum in the business. John Wilson will share with you more about that now. I mean, we're seeing in other industries where automation is helping reduce headcount or at least allow headcount to be used more efficiently. DJIA, Over the past couple of years, we have been actively strengthening and solidifying our board of directors and board committees reflecting our commitment to effective corporate governance. The survey measures several aspects of workplace culture, including alignment, execution and leadership, more than 2,900 Atlanta companies participated in this program. Rollins will rank 17th in the large business category, marking the sixth consecutive year we've received this award. Yes. Our total revenue increased for the quarter, up 15.3% and included 1.7% from significant acquisitions with the remaining 13.6% from pricing and new customer growth. Image source: The Motley Fool. So we could. I'll give insight on these and an overview of the actions we've been implementing to mitigate these expense pressures. Combined, these fleet expense increases equated to 0.7 of a point in additional costs. There's probably more private equity players involved now than there were even two years ago. I would like to turn the conference back over to management for closing remarks. Given the successes we've achieved, mitigating M&S costs in termite, we're implementing a proactive approach within our pest control business by adjusting our rate cards and diversifying through alternative suppliers and also by seeking shipping and freight efficiencies. first quarter 2022 investor call. We have not been as focused on automation and back office type stuff, although the routing and scheduling effects if -- automated scheduling and a lot of what were manual processes can be eliminated over time with that through the routing and scheduling technologies. We also filed an 8-K updating developments in our SEC investigation this morning. Susan currently serves as Chair of that committee. We're obviously not going to give you an exact number. Just maybe on the gross margins, just given all the mitigations that you put together in terms of price increases as well as scheduling, is it fair for us to assume that the rent of the headwinds were faced in the first quarter and those headwinds moderate going forward? Hi, guys. And some of that will be a little more in our run rate of what we're accustomed to as we move through the year as well. I'd like to come back to price with a little different angle and clarity. And then just, I guess, a follow-up on the pricing and maybe whatever inflation that could potentially show up. This was the stock's second consecutive day of gains. Additionally, the call is being webcast at www.viavid.com, and a replay will be available for 90 days. I would now like to turn the call back over to management for any closing comments. Kodiak Sciences Announces Fourth Quarter and Full Year 2022 Financial Results and Recent Business Highlights. This is Gary. So you would support the idea that there's new business formation going on still that we have -- that has not peaked. We are focused on getting a seasoned, talented financial executive as our CFO. First quarter 2022 EPS was $0.15 per diluted share or 7.1% improvement over 2021 adjusted EPS. So, I think it it's not a hit or miss deal. We get great feedback from customers on InSite and are confident that this feature will strengthen our relationships with commercial clients. View and filter SEC Filings by group or type. ARS. And then it sounds like you turned pricing back on, was that still in like the 1% to 2% range for the quarter as well? Our first question comes from the line of Tim Mulrooney with William Blair. Calculated by Time-Weighted Return since 2002. Our income before income taxes was $133.9 million, or 29.4% above 2020. So there's -- that headwind will be mitigated from a year-over-year comparison standpoint as we move through the year. Thank you. Returns as of 06/28/2023. This along with customer growth brought a 55% increase in our total fuel cost for the quarter. William Blair 43rd Annual Growth Stock Conference. With our procurement team seeking alternate products and suppliers, while our operation teams have been successfully initiated increases in our rate card pricing where needed to counteract the rise in some of these material costs. So, we're wondering if Orkin is thinking along the same lines. First quarter 2022 EPS was $0.15 per diluted share or 7.1% improvement over 2021 adjusted EPS. I'll now turn the call over to Julie. Investor Relations Overall, we've made strong progress during the first six months of 2021. 10 stocks we like better thanRollinsWhen our award-winning analyst team hasa stock tip, it can pay to listen. Last, I am please to share that yesterday the Board of Directors approved a regular cash dividend of $0.10 per share that will be paid on June 10th, 2022 to shareholders of a record at the close of business May 10th, 2022. Fuel increases were driven by a 42% increase in average price paid per gallon in Q1 2022 over 2021. Okay. And since the others have focused more on sales, I'm going to focus on cost. Improvements were made in total payroll but were negatively offset by higher overall fleet costs and a write-down of inventory of $2.7 million related to our PPE, or personal protective equipment. I will start on this and then anyone else, if you want to jump in, feel free. Thank you. I will now turn the call back over to Gary. Most recently, Louise focused on issues related to technology, information security, use of data, and consumer privacy as well as enterprisewide risk management. From that, residential was up 12.3%; commercial, excluding fumigation, increased 14.8%; and termite and ancillary grew by 14.9%. The quarter produced savings in administrative and sales salaries and benefits as well as telephone savings from better negotiated contracts. Financial Info :: Rollins, Inc. (ROL) Did you want to address anything else on the pipeline? We're happy to take any questions at this time. I think, it's still a very competitive acquisition market. So just understand that we do not say that these dollars have to be for one or the other. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. You may begin. And we're always looking for acquisitions. Rollins first quarter 2022 was highlighted by revenue growth of 10.3% to $590.7 million compared to $535.6 million in last year's first quarter. The work that we've done technology-wise, you're right, is very heavily on the commercial side. So, whatever fears about slowing consumer demand and recessions and what have, you haven't seen that come through on somebody starting a business in the empty storefront that needs a pest service. Gary, I'll turn the call back to you. Thank you very much for taking my question. We remain committed to providing a workplace where our team members can grow professionally and have a positive impact on the community and many thanks go to our leadership team who deserve all the credit for Rollins achieving these honors. Salaries were up 0.4 point, while pet control materials and supplies were up $2.9 million or 0.1 point. On the expense side, in the first quarter, we felt significant inflationary pressures in fleet and pest control materials and supplies. Yes. For non-personal use or to order multiple copies, please contact So I just had a couple about pricing, and I appreciate the color that Jerry gave. We really haven't seen a significant change in valuation in the market. Okay. [Operator Instructions] Our next question is from Michael Hoffman with Stifel. Rollins, Inc. Announces New Executive Leadership Appointment Thank you. Get a $50 reward card using this AT&T promo code, 20% Off your next online order - Walmart coupon code, Save up to $15 with TurboTax coupon May 2023, Epic Bundle - 3x Expert Stock Recommendations, 10% TopResume Discount Code for expert resume-writing services. Julie Bimmerman -- Vice President of Finance and Investor Relations. Thank you, Julie. So can you tell us if they completed it? Contact Us Contact Us Help & Support. Thank you. And I think that you had many all-time record high new sales days throughout the quarter. And so that's where our price increase will definitely be beneficial in helping cover that. At our core, we are foremost a service company. This copy is for your personal, non-commercial use only. Some of you may recall that Greg who joined as a Director of Rollins in 2021 served 18 years as Vice President and Corporate Chief Information Officer for Cox Enterprises. For the first quarter, we are presenting adjusted EBITDA for comparison purposes due to the impact of our gain on sale of several of our Clark properties of $31 million in Q1 of last year. Julie will read our forward-looking statement and disclaimer, and then we'll begin. Invest better with The Motley Fool. I know that you guys have ramped your sales force as well. I'm very pleased to report that Rollins delivered a strong financial performance in the second quarter, and we remain well positioned for 2021. Management will make some opening remarks. For almost 20 years, Louise was an executive vice president and general counsel of Turner Broadcasting System. On the expense side, in the first quarter, we felt significant inflationary pressures in fleet and pest control materials and supplies. Under terms of the settlement Rollins, neither admits or denies the SEC's findings in this matter. Thank you, Joe and good morning. Thank you so much, Julie. Overview; History; Management Team; Contacts; Information Request; FAQ; Brands; News & Events. But I think where the Salesforce's expansion that you mentioned will help us is on the commercial and the termite side. In addition to his responsibilities as a member of our Board's human capital management and compensation committee. I'd like to spend a moment today welcoming our two newest Board members, Gregory Morrison and Donald Carson. So their wages are tied to -- at the -- when they go through and complete their jobs, if you recall on that front. This is Jerry, that we were just as aggressive within our brands if not in some brands, more aggressive on the commercial side than residential even. Today, Orkin remains our largest brand, employing over 8,000 team members and completing millions of services annually worldwide. Additionally, commercial, excluding fumigation, delivered an impressive 17.4% growth over second quarter last year. Thank you, Jerry. As you noted, we had -- I believe, it was $86 million held at the end of March. I know that I sleep better at night knowing that. Rollins to Present at Upcoming Investor Conferences. About :: Rollins, Inc. (ROL) Our dividends for Q1, 2022 totaled $49.2 million or an increase of 25% over 2021, while cash used for acquisitions declined 22% to $13.2 million for 2022. And then we'll open the line for your questions. Jerry, do you want to jump in on anything? Is this happening to you frequently? More SiriusXM Business Canada Infotainment Boats Planes Fleets. I just wanted to ask about your virus side spend because this is a topic across my services coverage universe. And maybe if I can ask a quick follow-up on the M&A pipeline. Very helpful color. Julie will read our forward-looking statement, disclaimer, and then we will begin. Rollins said it is conducting an internal investigation of allegations about its accounting practices after disclosing an SEC probe last year. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. We have reached the end of our question-and-answer session. Hi. Was there any improvement on retention that contributed to organic growth as well? Our next questions come from the line of Mario Cortellacci with Jefferies. More than 2,900 Atlanta companies participated in this program and over 68,000 of their employees were surveyed about their workplace experience. Exactly. Thank you, Jerry. Thank you. And this is Jerry. There's still plenty of competition there on the valuation side that's keeping the prices of some of these businesses fairly well propped up. Sorry. We have plenty of potential opportunity that we're actively engaged with. And let me add one last thing is the fact that Jerry had commented is keep in mind with our price increase coming in, we've actually brought that forward to where it is going in earlier as well to help mitigate those costs. As you mentioned, M&A pipeline is pretty solid. I assure you that integrity is at the core of who we are as a company, and we remain committed to doing the right thing for our employees, investors, and customers. But the first one is, pricing is typically, call it, 1% to 2%. Now to free cash flow. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. We are pleased to have Louise joint our Board, and we believe her broad experience will help to further strengthen Rollins and guide our strategic direction. I know that you guys have ramped your Salesforce as well. So in less than, as I said, another wave of COVID come through, we believe that we're done with that. Thank you. Mario Cortellacci -- Jefferies -- Analyst. This is new for me. And a big driver of late has been contemplated tax changes coming out of Washington, D.C., whether it's to state taxes or whatever. And then -- not a problem, not a problem. I'm assuming it's probably more weighted towards the commercial customer base and the residential customer base. To view the deck, please go to rollins.com, click on news and events, then presentation. Annual Reports Quarterly Reports View All. Our first quarter revenues of $590.7 million was an increase of 10.3% actual exchange rate and 7% organic. As Gary mentioned earlier, we're very pleased with our results for the second quarter. As you know, our price increase will typically equate to 1% to 2% of our overall growth. ATLANTA, May 25, 2023 /PRNewswire/ -- Rollins, Inc. (NYSE:ROL) ("Rollins" or the "Company"), a premier So, Mario, this is John. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns. WebVisa Inc. Reports Fiscal Third Quarter 2022 Results San Francisco, CA, July 26, 2022 Visa Inc. (NYSE: V) GAAP net income of $3.4B or $1.60 per share and non-GAAP net income of $4.2B or $1.98 per share rallied 1.49% to $42.29 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index So I'll add on to that, Mario. I would add to the color that spring hasn't fully sprung. We have a lot of opportunity for the remainder of 2021. Thank you, Joe, and good morning. And we looked at it as to from a standpoint of what will the market bear and we've just been considerably more aggressive than we have in prior years with our percentage increases. That's right -- theythink these 10stocks are even better buys. Yeah. So for the second quarter 2021, as Jerry noted, all business lines presented strong revenue growth. Thank you. Eddie Northern has been moved into an operational role as Senior Vice President focused on sustainability. Now I will turn the call over to Jerry to provide an overview of the strong quarter just completed. You're listening? We gave up seven tenths of a point in margin to increases in fleet expense in Q1. Press Releases - Paramount WebDownload Annual Report 2021. Most of our commercial customers sort of equate service duration to the price they pay. Or is it once per year? The settlement fully resolves the SEC's investigation into certain adjustments to accruals and reserves and their impact on reported earnings per share in the first quarter of 2016 and the second quarter of 2017. Download (735 KB) GPC 2Q22 Earnings Presentation Deck. Prior to joining Rollins, Julie worked in corporate accounting, internal audit and corporate tax audit role. I think it's still a very competitive acquisition market. So maybe you could just help us understand how much pricing is playing into helping alleviate some of that comp pressure? Thank you. Sales, general and administrative expenses presented a 7.1% improvement for the quarter over 2020, decreasing from 30.9% of revenues to 28.7% of revenues in 2021. I mean, we've spoken to several regional providers who are talking about price increases of more than 5% this year. And the real answer to your question is all of the above. However, if anyone is missing a copy and would like to receive one, please contact our office at (212) 827-3746, and we'll send you a release and make sure you're on the company's distribution list. For those of you who are familiar with Rollins, our Board consists of outstanding directors who have diverse backgrounds and bring invaluable experience, strong governance and their unique perspectives to our company. And let me add one last thing is the fact that Jerry had commented is keep in mind with our price increase coming in, we've actually brought that forward to where it is going in earlier as well to help mitigate those costs. rose 0.28% to $180.91. Rollins (ROL) Q4 2022 Earnings Call Transcript, Rollins (ROL) Q3 2022 Earnings Call Transcript, Rollins (ROL) Q2 2022 Earnings Call Transcript, Rollins (ROL) Q4 2021 Earnings Call Transcript, Rollins Inc (ROL) Q1 2021 Earnings Call Transcript, Cumulative Growth of a $10,000 Investment in Stock Advisor, Join Over Half a 1 Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information.