Exhibit 99.1
For Further Information Contact
Eddie Northen (404) 888-2242

FOR IMMEDIATE RELEASE


ROLLINS, INC. REPORTS SECOND QUARTER AND SIX MONTHS 2018 FINANCIAL RESULTS
Company posts 49th consecutive quarter of improved revenues and earnings
Revenue increase of 10.8% for the quarter driven by accelerated residential and commercial pest control growth

ATLANTA, GEORGIA, July 25, 2018: Rollins, Inc. (NYSE:ROL), a premier global consumer and commercial services company, reported unaudited financial results for its second quarter and six months ended June 30, 2018.

The Company recorded second quarter revenues of $480.5 million, an increase of 10.8% over the prior year’s second quarter revenue of $433.6 million. Rollins’ net income increased 22.1% to $65.5 million or $0.30 per diluted share for the second quarter ended June 30, 2018, compared to $53.7 million or $0.25 per diluted share for the same period in 2017.

Rollins’ revenues rose 9.9% for the first six months of 2018 to $889.2 million compared to $808.8 million for the prior year. Net income for the first six months of 2018 was $114.1 million or $0.52 per diluted share, an increase of 21.4%, or $0.09 per diluted share compared to $94.0 million or $0.43 per diluted share for the same period last year.

Gary W. Rollins, Vice Chairman and Chief Executive Officer of Rollins, Inc. stated, “We are confident that our strategy of investing to improve our market share will prove to be beneficial long-term. The acquisition of Aardwolf Pestkare announced earlier this month will expand our international presence to Singapore. The addition of this terrific company in tandem with our other leading brands strengthens Rollins as the largest worldwide pest control provider.”

Rollins, Inc. is a premier global consumer and commercial services company. Through its wholly owned subsidiaries, Orkin LLC., HomeTeam Pest Defense, Orkin Canada, Western Pest Services, Northwest Exterminating, Critter Control, Inc., The Industrial Fumigant Company, Trutech LLC., Orkin Australia, Waltham Services LLC., OPC Pest Services, PermaTreat, Rollins UK, Aardwolf Pestkare, and Crane Pest Control, the Company provides essential pest control services and protection against termite damage, rodents and insects to more than two million customers in the United States, Canada, Central America, South America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, Mexico, and Australia from more than 700 locations. You can learn more about Rollins and its subsidiaries by visiting our web sites at www.orkin.com, www.pestdefense.com, www.orkincanada.ca, www.westernpest.com, www.callnorthwest.com, www.crittercontrol.com, www.indfumco.com, www.trutechinc.com, www.orkinau.com, www.allpest.com.au, www.walthamservices.com, www.opcpest.com, www.permatreat.com, www.cranepestcontrol.com, www.murraypestcontrol.com.au, www.statewidepestcontrol.com.au, www.safeguardpestcontrol.co.uk, www.aardwolfpestkare.com and www.rollins.com. You can also find this and other news releases at www.rollins.com by accessing the news releases button.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements about the Company’s confidence that our strategy of investing in improving our market share will be beneficial long-term. The actual results of the Company could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties, including without limitation, economic and competitive conditions which may adversely affect the Company’s business; the degree of success of the Company’s pest and termite process, and pest control selling and treatment methods; the Company’s ability to identify and integrate potential acquisitions; climate and weather trends; competitive factors and pricing practices; the Company’s ability to attract and retain skilled workers, and potential increases in labor costs; uncertainties of litigation; and changes in various government laws and regulations, including environmental regulations. All of the foregoing risks and uncertainties are beyond the ability of the Company to control, and in many cases the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. A more detailed discussion of potential risks facing the Company can be found in the Company’s Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2017.
ROL-Fin






ROLLINS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(in thousands)

At June 30, (unaudited)
 
2018
 
2017
ASSETS
 
 
 
 
Cash and cash equivalents
 
$
87,885

 
$
194,837

Trade accounts receivables, net
 
115,672

 
101,229

Financed receivables, net
 
18,359

 
16,834

Materials and supplies
 
16,098

 
15,507

Other current assets
 
50,458

 
33,219

Total Current Assets
 
288,472

 
361,626

Equipment and property, net
 
137,654

 
131,443

Goodwill
 
359,107

 
258,263

Customer contracts, net
 
182,522

 
113,826

Tademarks & Tradenames
 
52,323

 
32,376

Other intangible assets, net
 
11,578

 
10,795

Deferred income taxes, net
 
7,923

 
34,203

Financed receivables, long-term, net
 
26,235

 
19,467

Prepaid Pension
 
18,880

 

Other assets
 
20,488

 
18,527

Total Assets
 
$
1,105,182

 
$
980,526

LIABILITIES
 
 
 
 
Accounts payable
 
$
32,073

 
$
33,777

Accrued insurance, current
 
28,732

 
27,118

Accrued compensation and related liabilities
 
72,558

 
72,013

Unearned revenue
 
124,784

 
112,973

Other current liabilities
 
61,084

 
41,216

Total Current Liabilities
 
319,231

 
287,097

Accrued insurance, less current portion
 
35,117

 
33,144

Accrued pension
 
39

 
2,132

Long-term accrued liabilities
 
54,984

 
40,691

Total Liabilities
 
409,371

 
363,064

STOCKHOLDERS' EQUITY
 
 
 
 
Common stock
 
218,217

 
217,991

Retained earnings and other equity
 
477,594

 
399,471

Total stockholders' equity
 
695,811

 
617,462

Total Liabilities and Stockholders' Equity
 
$
1,105,182

 
$
980,526






ROLLINS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands except per share data)
(unaudited)
 
 
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
 
2018
 
2017
 
2018
 
2017
REVENUES
 
 
 
 
 
 
 
 
Customer services
 
$
480,461

 
433,555

 
889,203

 
808,802

COSTS AND EXPENSES
 
 
 
 
 
 
 
 
Cost of services provided
 
230,772

 
204,480

 
436,915

 
393,643

Depreciation and amortization
 
16,366

 
13,547

 
33,282

 
27,317

Sales, general and administrative
 
143,379

 
129,667

 
269,866

 
244,821

Gain on sale of assets, net
 
(308
)
 
(88
)
 
(364
)
 
(113
)
Interest income (and expense), net
 
75

 
(190
)
 
133

 
(263
)
 
 
390,284

 
347,416

 
739,832

 
665,405

INCOME BEFORE INCOME TAXES
 
90,177

 
86,139

 
149,371

 
143,397

PROVISION FOR INCOME TAXES
 
24,635

 
32,450

 
35,304

 
49,438

NET INCOME
 
$
65,542

 
53,689

 
114,067

 
93,959

 
 
 
 
 
 
 
 
 
NET INCOME PER SHARE - BASIC AND DILUTED
 
$
0.30

 
0.25

 
0.52

 
0.43

 
 
 
 
 
 
 
 
 
Weighted average shares outstanding - basic and diluted
 
218,188

 
218,002

 
218,175

 
217,987






(( CONFERENCE CALL ANNOUNCEMENT ((
Rollins, Inc.
(NYSE: ROL)



rollinslogoa03.jpg


Management will hold a conference call to discuss
Second Quarter 2018 results on

Wednesday, July 25, 2018 at:
10:00 a.m. Eastern
9:00 a.m. Central
8:00 a.m. Mountain
7:00 a.m. Pacific

TO PARTICIPATE:
Please dial 877-260-1479 domestic;
334-323-0522 international
at least 5 minutes before start time.

REPLAY: available through August 1, 2018
Please dial 888-203-1112/719-457-0820, Passcode: 3402261
THIS CALL CAN ALSO BE ACCESSED THROUGH THE INTERNET AT
www.viavid.com

Questions?
Contact Samantha Alphonso at Financial Relations Board at 212-827-3746
Or email to salphonso@mww.com