Rollins, Inc. (ROL) Q1 2023 Earnings Call Transcript

For the period ending March 31, 2023

April 27, 2023 8:30 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks：

Operator

Greetings, and welcome to the Rollins Inc. First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Joseph Calabrese. Thank you, and you may proceed, sir.

Joe Calabrese

Thank you, Claudia. By now, you should have all received a copy of the press release. 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. Additionally, the call is being webcast at www.rollins.com, and a replay will be available for 180 days. The company is also offering investors a supporting slide presentation, which can be found on Rollins' website at www.rollins.com. We will be following that slide presentation on our call this morning, and encourage you to view that with us.

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 press release. The presentation and press release are available on our Investor Relations website. 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 risk and strategies and actual results made 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, 2022, for more information, and the risk factors that could cause actual results to differ.

On the line with me today and speaking are Jerry Gahlhoff Jr., President, and Chief Executive Officer; John Wilson, Vice Chairman; 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.

John, would you like to begin?

John Wilson

Yes, thank you Joe, and good morning. We appreciate all of you joining us for our first quarter 2023 earnings call. I'm pleased to report, Rollins delivered solid first quarter results, highlighted by revenue growth of over 11%, and earnings per share growth of 20%.