Rollins, Inc. (NYSE:ROL) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET
Company Participants
Lyndsey Burton - Vice President of Investor Relations
Jerry Gahlhoff - President & Chief Executive Officer
Kenneth Krause - Executive Vice President, Chief Financial Officer & Treasurer
Conference Call Participants
Timothy Mulrooney - William Blair
George Tong - Goldman Sachs
Josh Chan - UBS
Ollie Davies - Redburn Atlantic
Operator
Greetings. Welcome to Rollins, Inc. First Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, this conference is being recorded.
I will now turn the conference over to Lyndsey Burton, Vice President of Investor Relations. Thank you. You may begin.
Lyndsey Burton
Thank you and good morning, everyone. In addition to the earnings release that we issued yesterday, the company has also prepared a supporting slide presentation. The earnings release and presentation are available on our website at www.rollins.com. We have included certain non-GAAP financial measures as part of our discussion this morning. The non-GAAP reconciliations are available in the appendix of today's presentation as well as in our earnings release. The company's earnings release discusses the business outlook and contains certain forward-looking statements. 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 results may differ materially from any statement we make today. Please refer to yesterday's press release and the company's SEC filings, including the Risk Factors section of our Form 10-K for the year ended December 31, 2023.
On the line with me today and speaking are Jerry Gahlhoff, President and Chief Executive Officer; and Ken Krause, Executive Vice President, Chief Financial Officer and Treasurer. Management will make some opening remarks and then we'll open the line for your questions. Before I turn it over to Jerry, I want to remind everyone of our upcoming Investor Day on May 17 in New York City. We're looking forward to hosting the investment community and discussing our strategies for growing our business and driving value for our stakeholders.
Jerry, would you like to begin?
Jerry Gahlhoff
Thank you, Lyndsey. Good morning, everyone. I'm pleased to report that Rollins delivered another good quarter of growth and profitability, reflecting consistent execution of our operating strategies and continuous improvement in our business. Our financial performance for the first quarter was highlighted by an increase in revenue of nearly 14% to $748 million. We delivered healthy organic growth of 7.5% in the quarter despite some unfavorable and erratic weather in January compared to last year which Ken will discuss in more detail.