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ROLLINS, INC. REPORTS RECORD FIRST QUARTER RESULTS; REVENUES UP 12 PERCENT AND EARNINGS UP 24 PERCENT

 ROLLINS, INC. REPORTS RECORD FIRST QUARTER RESULTS;
 REVENUES UP 12 PERCENT AND EARNINGS UP 24 PERCENT
 ATLANTA, April 27 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL), nationwide consumer service company, reported record results for the quarter ended March 31.
 Revenues increased 12 percent to $117,449,000 and net income increased 26 percent to $5,087,000. Earnings per share increased 24 percent to 21 cents, compared to 17 cents.
 Gary W. Rollins, company president and chief operating officer, said: "Orkin and Rollins Protective Services had record revenue and operating profit results for the quarter. We are pleased with the success of our sales and marketing programs and further improvements in the control of operating costs. Our people's energy, enthusiasm and commitment are directed toward our mission of being the nation's best service company. The seasonal termite swarm and start-up of the lawn care business is under way, and we look forward to a successful year."
 Rollins owns and operates Orkin Exterminating Company, Inc. and Rollins Protective Services. Orkin is the world's largest termite and pest control company, and also provides lawn care and plantscape services. Rollins Protective Services is a leader in electronic security systems.
 ROLLINS, INC. AND SUBSIDIARIES
 Statements of Consolidated Income
 For the three months ended March 31
 ($ in thousands, except per share data)
 (Unaudited)
 3 mos. ended 1992 1991
 Revenues $117,449 $104,631
 Costs and expenses:
 Cost of services provided 60,708 54,230
 Sales, general & administrative 46,821 42,389
 Depreciation and amortization 1,895 1,874
 Interest income, net (383) (510)
 Total costs and expenses 109,041 97,983
 Income before income taxes 8,408 6,648
 Provision for income taxes 3,321 2,626
 Net income $ 5,087 $ 4,022
 Earnings per share $ .21 $ .17
 ROLLINS, INC. AND SUBSIDIARIES
 Statements of Financial Position
 ($ in thousands)
 (Unaudited)
 At March 31 1992 1991
 Assets
 Cash and short-term investments $ 35,634 $ 34,616
 Marketable securities 10,000 0
 Trade receivables, net 55,247 40,075
 Materials and supplies 17,009 14,778
 Other current assets 11,375 12,534
 Current assets 129,265 102,003
 Equipment and property, net 29,705 31,040
 Intangible assets 41,768 41,805
 Other assets 12,157 11,806
 Total assets $ 212,895 $ 186,654
 Liabilities
 Accounts payable $ 11,627 $ 13,430
 Accrued insurance expenses 13,828 12,476
 Accrued payroll and other expenses 27,294 23,698
 Unearned revenue 9,246 7,388
 Current liabilities 61,995 56,992
 Deferred income taxes 20,715 18,922
 Long-term accrued liabilities 23,221 23,268
 Total liabilities 105,931 99,182
 Commitments and contingencies
 Stockholders' equity
 Common stock 27,622 27,622
 Earnings retained 133,226 114,258
 Total 160,848 141,880
 Less -- common stock in treasury, at
 cost 53,884 54,408
 Total stockholders' equity 106,964 87,472
 Total liabilities and stockholders'
 equity $ 212,895 $ 186,654
 BUSINESS SEGMENT INFORMATION
 FOR THREE MONTHS ENDED MARCH 31
 ($ in thousands)
 (Unaudited)
 3 mos ended March 31 1992 1991 Pct.
 Amount Pct. Amount Pct. chg.
 REVENUES
 Orkin $101,207 86.2 $ 91,102 87.1 11.1
 Protective services 14,003 11.9 12,284 11.7 14.0
 Other businesses 2,239 1.9 1,245 1.2 79.8
 Total $117,449 100.0 $104,631 100.0 12.3
 OPERATING INCOME
 Orkin $ 8,723 83.1 $ 6,899 83.1 26.4
 Protective services 1,149 10.9 1,005 12.1 14.3
 Other businesses 630 6.0 396 4.8 59.1
 Total $ 10,502 100.0 $ 8,300 100.0 26.5
 -0- 4/27/92
 /CONTACT: James R. Hicks Jr. of Rollins, 404-888-2350/
 (ROL) CO: Rollins, Inc. ST: Georgia IN: SU: ERN


BR -- AT013 -- 3274 04/27/92 14:46 EDT
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Date:Apr 27, 1992
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