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ROLLINS, INC. REPORTS RECORD FIRST QUARTER RESULTS; REVENUES UP 8 PERCENT AND EARNINGS UP 15 PERCENT

 ATLANTA, April 26 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL), nationwide consumer service company, reported record results for the quarter ended March 31.
 Revenues increased 8.4 percent, or $9,846,000, to $127,295,000. Net income increased 15.3 percent, or $780,000, to $5,867,000, and earnings per share increased 14.3 percent, or 2 cents, to 16 cents. The results for earnings per share reflect the Rollins, Inc. common stock split, three-for-two basis, on Dec. 10, 1992.
 For the quarter, Orkin attained record results, producing strong increases in revenue and operating income, 9.4 percent and 14.0 percent, respectively. Operating margins improved to 9.0 percent, compared to 8.6 percent the prior year. The pest control and termite businesses continued to achieve record revenues, profits and customer growth. Orkin Lawn Care exceeded the company's expectations for the quarter and improved employee productivity while better controlling seasonal start- up costs. Orkin Plantscaping continues to make progress in internal standardization to improve operational effectiveness. Rollins Protective Services revenues and operating income approximated the prio year's results, with a modest margin improvement. The flat revenue experienced by Rollins Protective Services was a result of a recent emphasis on the commercial market causing an unintentional loss of momentum in the company's core residential sales. Rollins Protective Services has refocused its attention on the residential market through a new mid-range product and new marketing programs, which should provide more satisfactory performance during the remainder of 1993.
 Gary W. Rollins, company president and chief operating officer, said: "The Orkin sales and marketing programs for pest control, termite, lawn care and plantscaping businesses were successful in generating greater leads and customer sales. While we are not satisfied with Rollins Protective Services' first quarter results, we are optimistic that our current residential marketing emphasis, combined with our new Protector Security System, will produce good growth during the remainder of 1993."
 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 plantscaping 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)
 1993 1992
 Revenues $127,295 $117,449
 Costs and expenses:
 Cost of services provided 65,649 60,708
 Sales, general & administrative 50,754 46,821
 Depreciation and amortization 1,794 1,895
 Interest income, net (442) (383)
 Total costs and expenses 117,755 109,041
 Income before income taxes 9,540 8,408
 Provision for income taxes 3,673 3,321
 Net income $ 5,867 $ 5,087
 Earnings per share $0.16 $0.14
 The prior-year earnings per share amount has been restated for the 1992 three-for-two stock split.
 ROLLINS, INC. AND SUBSIDIARIES
 Statements of Financial Position
 ($ in thousands)
 (Unaudited)
 At March 31 1993 1992
 Assets
 Cash and short-term investments $ 21,945 $ 35,634
 Marketable securities 30,957 10,000
 Trade receivables, net 69,614 55,247
 Materials and supplies 18,431 17,009
 Other current assets 13,583 11,375
 Current assets 154,530 129,265
 Equipment and property, net 30,277 29,705
 Intangible assets 42,230 41,768
 Other assets 12,550 12,157
 Total assets $ 239,587 $ 212,895
 Liabilities
 Accounts payable $ 12,725 $ 11,627
 Accrued insurance expenses 14,231 13,828
 Accrued payroll and other expenses 28,614 27,294
 Unearned revenue 9,989 9,246
 Current liabilities 65,559 61,995
 Deferred income taxes 18,501 20,715
 Long-term accrued liabilities 23,171 23,221
 Total liabilities 107,231 105,931
 Commitments and contingencies
 Stockholders' equity
 Common stock 41,432 27,622
 Earnings retained 144,244 133,226
 Total 185,676 160,848
 Less -- common stock in treasury, at
 cost 53,320 53,884
 Total stockholders' equity 132,356 106,964
 Total liabilities and stockholders'
 equity $ 239,587 $ 212,895
 BUSINESS SEGMENT INFORMATION
 FOR THE THREE MONTHS ENDED MARCH 31
 ($ in thousands)
 (Unaudited)
 1993 1992 Pct.
 Amount Pct. Amount Pct. chg.
 REVENUES
 Orkin $110,693 86.9 $101,207 86.2 9.4
 Protective services 13,976 11.0 14,003 11.9 (0.2)
 Other businesses 2,626 2.1 2,239 1.9 17.3
 Total $127,295 100.0 $117,449 100.0 8.4
 OPERATING INCOME
 Orkin $ 9,947 83.8 $ 8,723 83.1 14.0
 Protective services 1,168 9.8 1,149 10.9 1.7
 Other businesses 757 6.4 630 6.0 20.2
 Total $ 11,872 100.0 $ 10,502 100.0 13.0
 -0- 4/26/93
 /CONTACT: James R. Hicks Jr. of Rollins, 404-888-2350/
 (ROL)


CO: Rollins, Inc. ST: Georgia IN: SU: ERN

BN-TG -- AT013 -- 0714 04/26/93 12:48 EDT
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Date:Apr 26, 1993
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