Rollins(US:ROL)2022-04-27 18:11Financial Performance - Revenue for Q1 2022 was $590680 thousand, a 103% increase compared to $535554 thousand in Q1 2021[10] - Net income for Q1 2022 was $72445 thousand, a 218% decrease compared to $92643 thousand in Q1 2021[10] - EBITDA for Q1 2022 was $117796 thousand, an 182% decrease compared to $144054 thousand in Q1 2021[10] - Adjusted EBITDA for Q1 2022 was $117796 thousand, a 42% increase compared to $112996 thousand in Q1 2021[10] - Adjusted EPS increased by 71% from $014 in Q1 2021 to $015 in Q1 2022[10] Revenue Growth Breakdown - Total revenue growth for Q1 2022 was 103%, comprising 33% from acquisitions and 70% organic growth[17] - In constant exchange rates, total revenue growth was 96%, with 33% from acquisitions and 63% organic growth[17] - Residential revenue growth was 102%, with 44% from acquisitions and 58% organic growth[12] - Commercial revenue growth was 91%, with 12% from acquisitions and 79% organic growth[12] - Termite revenue growth was 133%, with 48% from acquisitions and 85% organic growth[12] Cost and Expenses - Gross margin decreased from 512% in Q1 2021 to 500% in Q1 2022, a 12 percentage point decrease[20] - Fuel costs increased by 55%, contributing to a 06 percentage point increase in cost of services[20] - Vehicle repairs increased by 27%, contributing to a 01 percentage point increase in cost of services[20] - Sales, General & Administrative (SG&A) expenses were 303% of revenue in both Q1 2022 and Q1 2021[22] Cash Flow - Dividends increased by 25% from $39389 thousand in Q1 2021 to $49205 thousand in Q1 2022[25] - Cash used for acquisitions decreased by 22% from $16978 thousand in Q1 2021 to $13223 thousand in Q1 2022[25]