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ROLLINS, INC. REPORTS RECORD YEAR AND FOURTH QUARTER RESULTS

 ROLLINS, INC. REPORTS RECORD YEAR AND FOURTH QUARTER RESULTS
 ATLANTA, Jan. 27 /PRNewswire/ -- Rollins, Inc. (NYSE: ROL), nationwide consumer service company, reported record results for the year ended Dec. 31.
 Revenues were $475,555,000, an increase of $39,157,000; a 9 percent increase. Net income was $31,499,000, a 15 percent increase of $4,053,000. Earnings per share increased 15 percent to $1.33, compared to $1.16 a year ago. Also, record results were reported for the fourth quarter. Revenues increased 9 percent to $110,798,000. Net income increased 25 percent to $5,233,000. Earnings per share increased 22 percent to 22 cents, compared to 18 cents for the same quarter last year.
 For the year, Orkin attained record results with increased revenues of 9 percent and increased operating income of 15 percent. Operating margins improved to 12.4 percent, compared to 11.7 percent the prior year. Orkin pest control and plantscaping had an excellent year, achieving their planned financial goals and key operating objectives. Orkin lawn care did not accomplish their planned financial objectives, but did execute a restructuring to address the transitional challenges facing this industry. Rollins Protective posted record revenues and operating income, increasing 6 percent and 21 percent, respectively. The new security systems have received excellent market acceptance, and improvements in overall operations have contributed to this strong performance.
 Gary W. Rollins, company president and chief operating officer, said: "We are very proud to report record results for the year and the fourth quarter under the current economic conditions. We have excellent programs and momentum that will prove to be important in 1992. With our sound plans, strong financial position and commitment to be the nation's best service company, we are confident about the opportunities ahead."
 Rollins owns and operates Orkin Exterminating Company, Inc., the world's largest pest control company, which also provides lawn care and plantscape services; and Rollins Protective Services, a leader in electronic security systems.
 ROLLINS, INC. AND SUBSIDIARIES
 Statements of Consolidated Income
 For the fourth quarter and 12 months ended Dec. 31
 (In thousands, except per share data)
 (Unaudited)
 4th quarter 12 mos.
 1991 1990 1991 1990
 Revenues $110,798 $101,947 $475,555 $436,398
 Costs and expenses:
 Cost of services
 provided 60,105 55,504 247,994 230,107
 Sales, general &
 admin. 40,579 38,227 169,825 155,904
 Deprec. & amort. 1,989 1,926 7,806 7,482
 Interest income, net (524) (604) (2,134) (2,460)
 Total costs and
 expenses 102,149 95,053 423,491 391,033
 Inc. bef. income
 taxes 8,649 6,894 52,064 45,365
 Provision for
 inc. taxes 3,416 2,723 20,565 17,919
 Net income $ 5,233 $ 4,171 $ 31,499 $ 27,446
 Earns. per shr. $0.22 $0.18 $1.33 $1.16
 ROLLINS, INC. AND SUBSIDIARIES
 Statements of Financial Position
 ($ in thousands)
 (Unaudited)
 At Dec. 31 1991 1990
 Assets
 Cash and short-term investments $ 41,230 $ 31,832
 Trade receivables, net 52,580 37,697
 Materials and supplies 15,079 12,873
 Deferred income taxes 7,618 7,226
 Other current assets 4,585 4,923
 Current assets 121,092 94,551
 Equipment and property, net 30,080 29,804
 Intangible assets 41,767 41,827
 Other assets 11,638 11,779
 Total assets $ 204,577 $ 177,961
 Liabilities
 Accounts payable $ 10,069 $ 10,169
 Accrued insurance expenses 13,645 11,781
 Accrued payroll and other expenses 24,139 21,747
 Unearned revenue 8,498 5,877
 Current liabilities 56,351 49,574
 Deferred income taxes 20,870 17,790
 Long-term accrued liabilities 22,219 23,879
 Total liabilities 99,440 91,243
 Commitments and contingencies
 Stockholders' equity
 Common stock 27,622 27,622
 Earnings retained 131,602 113,677
 Total 159,224 141,299
 Less -- common stock in treasury, at
 cost 54,087 54,581
 Total stockholders' equity 105,137 86,718
 Total liabilities and stockholders'
 equity $ 204,577 $ 177,961
 BUSINESS SEGMENT INFORMATION
 FOR THE FOURTH QUARTER AND 12 MONTHS ENDED DEC. 31
 ($ in thousands)
 (Unaudited)
 FOURTH QUARTER 1991 1990 Pct.
 Amount Pct. Amount Pct. chg.
 REVENUES
 Orkin $ 94,537 85.3 $ 87,914 86.3 7.5
 Protective services 14,280 12.9 12,788 12.5 11.7
 Other businesses 1,981 1.8 1,245 1.2 59.1
 Total $110,798 100.0 $101,947 100.0 8.7
 OPERATING INCOME
 Orkin $ 8,594 80.4 $ 6,513 80.7 32.0
 Protective services 1,430 13.4 1,187 14.7 20.5
 Other businesses 658 6.2 371 4.6 77.4
 Total $ 10,682 100.0 $ 8,071 100.0 32.4
 12 MONTHS 1991 1990 Pct.
 Amount Pct. Amount Pct. chg.
 REVENUES
 Orkin $415,363 87.3 $381,462 87.4 8.9
 Protective services 53,326 11.2 50,157 11.5 6.3
 Other businesses 6,868 1.5 4,779 1.1 43.7
 Total $475,555 100.0 $436,398 100.0 9.0
 OPERATING INCOME
 Orkin $ 51,389 87.6 $ 44,642 88.8 15.1
 Protective services 4,956 8.4 4,091 6.1 21.1
 Other businesses 2,350 4.0 1,557 3.1 50.9
 Total $ 58,695 100.0 $ 50,290 100.0 16.7
 -0- 1/27/92
 /CONTACT: James R. Hicks Jr. of Rollins, 404-888-2350/
 (ROL) CO: Rollins, Inc. ST: Georgia IN: HOU SU: ERN


BR-BN -- AT010 -- 3797 01/27/92 13:32 EST
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