Rollins, Inc. Reports Q4 EPS of $.13 vs. $.13

Rollins, Inc.

today reported unaudited financial results for its fourth quarter and year ended December 31, 2010. The Company recorded fourth quarter revenues of $279.9 million, an increase of 7.8% over the prior year's fourth quarter revenue of $259.6 million. Net income increased 23.0% to $19.2 million or $0.13 per diluted share for the fourth quarter ended December 31, 2010, compared to $15.6 million or $0.10 per diluted share for the same period in 2009 excluding certain charges described below. Revenues for the full year 2010 rose 5.9% to $1.137 billion compared to $1.074 billion for the prior year. Rollins' net income for the full year rose 13.0% to $90.0 million, or $0.61 per diluted share, compared to net income of $79.6 million, or $0.53 per diluted share for the prior year excluding certain charges described below. GAAP earnings for the fourth quarter and full year 2009 were $20.0 million or $0.13 per diluted share and $84.0 million or $0.56 per diluted share respectively.