Rollins(US:ROL)2023-04-27 14:09Financial Performance & Growth - Rollins expects $90-100 million in sales and $18-22 million in EBITDA from the Fox Pest Control acquisition in 2023[1] - Rollins achieved 11.4% overall revenue growth in Q1 2023[41] - Rollins experienced a 9.2% organic revenue growth in the first quarter[41] - Rollins' GAAP Net Income increased by 19.6% to $88 million in Q1 2023[41] - Rollins' Q1 2023 EBITDA margin was 21.2%, an increase of 130 basis points[41] Acquisitions & Capital Allocation - Rollins financed the Fox Pest Control acquisition of $350 million, including $32 million of contingent consideration, through cash and $305 million in borrowings[1] - Rollins deployed over $300 million for the Fox acquisition in April[41] - Rollins invested $15 million in 6 acquisitions during Q1 2023[31] Cash Flow & Balance Sheet - Rollins maintains a strong balance sheet with less than 0.5x Debt to EBITDA at the end of Q1[49] - Rollins reported greater than 100% free cash flow conversion in Q1[31] Revenue Breakdown - Rollins' residential revenue grew by 12% in Q1 2023[25] - Rollins' commercial revenue grew by 14% in Q1 2023[28] - Rollins' termite and ancillary revenue grew by 14.1% in Q1 2023[17]