Rollins, Inc. Reports Fourth Quarter And Full Year 2012 Record Financial Results

   Rollins, Inc. Reports Fourth Quarter And Full Year 2012 Record Financial
                                   Results

Company posts 27th consecutive quarter of improved earnings results

- Revenue increased 6.0% for the quarter and 5.5% for full year

- Net income up 6.1% for the quarter and 10.5% for the full year

- Earnings per diluted share rose 6.7% for the quarter to $0.16 from $0.15 and
10.1% to $0.76 from $0.69 for the full year

PR Newswire

ATLANTA, Jan. 23, 2013

ATLANTA, Jan. 23, 2013 /PRNewswire/ -- Rollins, Inc. (NYSE:ROL), a premier
North American consumer and commercial services company, today reported strong
unaudited financial results for its fourth quarter and year ended December 31,
2012.

The Company recorded fourth quarter revenues of $306.4 million, an increase of
6.0% over the prior year's fourth quarter revenue of $289.1 million. Net
income increased 6.1% to $22.9 million or $0.16 per diluted share for the
fourth quarter ended December 31, 2012, compared to $21.6 million or $0.15 per
diluted share for the same period in 2011.

Rollins' revenues for the full year rose 5.5% to $1.271 billion compared to
$1.205 billion for the prior year. Rollins' net income for the full year rose
10.5% to $111.3 million, or $0.76 per diluted share, compared to net income of
$100.7 million, or $0.69 per diluted share for the same period last year.

Gary W. Rollins, President and Chief Executive Officer of Rollins, Inc.
stated, "We are pleased to have achieved record revenue growth across the
Company for the quarter and full year. The progress we made in 2012 reflects
the momentum we gained in adding new customers while improving customer
service and retention. At the same time we executed across all brands
programs to improve our training, and customer communications."

Mr. Rollins concluded, "We are excited about our Company's opportunities for
2013. Our culture of continuous improvement has generated aggressive plans
and new programs that should provide another successful year. We are very
proud of our people who made 2012 successes possible and who will likewise be
working diligently to achieve this year's objectives."

Rollins, Inc. is a premier North American consumer and commercial services
company. Through its wholly owned subsidiaries, Orkin LLC., HomeTeam Pest
Defense, Western Pest Services, Orkin Canada, The Industrial Fumigant Company,
Waltham Services LLC., Crane Pest Control and Trutech LLC., the company
provides essential pest control services and protection against termite
damage, rodents and insects to more than 2 million customers in the United
States, Canada, Central America, South America, the Caribbean, the Middle
East, Asia, the Mediterranean, Europe, Africa and Mexico from more than 500
locations. You can learn more about our subsidiaries by visiting our web
sites at www.orkin.com, www.pestdefense.com, www.westernpest.com,
www.orkincanada.ca, www.indfumco.com, www.walthamservices.com,
www.cranepestcontrol.com, www.trutechinc.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
excitement about the Company' opportunities for 2013; our belief that our
plans and programs should provide another successful year; and our belief that
our people will be working diligently to achieve this year's objectives. 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, 2011.



ROLLINS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
(in thousands)
At December 31, (unaudited)             2012               2011
ASSETS
Cash and cash equivalents               $          $         
                                        65,082            46,275
Trade accounts receivables, net         68,920             61,687
Financed receivables, net              11,823             11,659
Materials and supplies                  11,847             11,125
Deferred income taxes, net              33,338             31,272
Other current assets                    14,982             13,804
Total Current Assets                    205,992            175,822
Equipment and property, net             82,263             76,858
Goodwill                               212,477            211,019
Customer contracts and other intangible 141,789            137,526
assets, net
Deferred income taxes                   26,841             22,604
Financed receivables, long-term, net    11,681             11,298
Other assets                            11,463             10,523
 Total Assets                        $           $        
                                        692,506            645,650
LIABILITIES
Accounts payable                        $          $         
                                        24,854            22,584
Accrued insurance, current              24,164             21,844
Accrued compensation and related        60,042             61,137
liabilities
Unearned revenue                        87,753             85,636
Other current liabilities               31,603             34,650
Total Current Liabilities               228,416            225,851
Accrued insurance, less current portion 31,283             27,516
Accrued pension                         43,271             31,867
Long-term accrued liabilities           34,580             36,419
Total Liabilities                       337,550            321,653
STOCKHOLDERS' EQUITY
Common stock                            146,015            146,251
Retained earnings and other equity      208,941            177,746
Total stockholders' equity              354,956            323,997
Total Liabilities and Stockholders'     $           $        
Equity                                  692,506            645,650



ROLLINS, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(in thousands except per share data)
(unaudited)
                          Fourth Quarter Ended       Twelve Months Ended
                          December 31,               December 31,
                          2012          2011         2012          2011
REVENUES
Customer services         $  306,393  $          $ 1,270,909   $ 
                                        289,056                   1,205,064
COSTS AND EXPENSES
Cost of services provided 163,025       151,202      647,578       616,842
Depreciation and          9,810         9,678        38,655        37,503
amortization
Sales, general and        97,608        93,464       407,020       389,115
administrative
Pension Settlement        1,000         -            1,000         -
Interest Expense          (76)          59           14            508
                          271,367       254,403      1,094,267     1,043,968
INCOME BEFORE INCOME      35,026        34,653       176,642       161,096
TAXES
PROVISION FOR INCOME      12,112        13,058       65,310        60,385
TAXES
NET INCOME                $           $         $  111,332  $  
                          22,914       21,595                     100,711
NET INCOME PER SHARE -    $         $       $         $     
BASIC                     0.16         0.15         0.76         0.69
NET INCOME PER SHARE -    $         $       $         $     
DILUTED                   0.16         0.15         0.76         0.69
Weighted average shares   146,028       146,277      146,299       146,882
outstanding - basic
Weighted average shares   146,029       146,309      146,306       146,946
outstanding - diluted







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

Management will hold a conference call to discuss
Fourth Quarter and Full-Year 2012 results on:

Wednesday, January 23, 2013 at:
9:00 a.m. Eastern
8:00 a.m. Central
7:00 a.m. Mountain
6:00 a.m. Pacific

TO PARTICIPATE:
Please dial 800-762-8779 domestic;
480-629-9645 international
at least 5 minutes before start time.

REPLAY: available through January 30, 2013
Please dial 800-406-7325/303-590-3030, Passcode: 4588006
THIS CALL CAN ALSO BE ACCESSED THROUGH THE INTERNET AT
www.viavid.net

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



For Further Information Contact
Harry J. Cynkus (404) 888-2922

SOURCE Rollins, Inc.

Website: http://www.rollins.com
 
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