Rollins appoints new chief accounting officer

ATLANTA - Rollins, Inc. (NYSE:ROL), a global consumer and commercial services company with a market capitalization of $25.3 billion, announced the appointment of William (Will) Harkins as its new Chief Accounting Officer, effective March 17, 2025. Harkins brings a wealth of experience from his previous role as Chief Accounting Officer and Corporate Controller at Mohawk Industries, Inc. The appointment comes as Rollins maintains strong financial performance, with revenue growth of 10.3% in the last twelve months.

With a career spanning leadership positions at Mars, Incorporated, and a 14-year tenure at The Coca-Cola Company, Harkins has been instrumental in driving significant transformations within finance and accounting functions. His background also includes a stint at Ernst & Young LLP.

Harkins, a Certified Public Accountant, holds a Master of Accountancy and a Bachelor of Business Administration in Accounting from the University of Georgia. Kenneth Krause, Executive Vice President and Chief Financial Officer of Rollins, praised Harkins’ extensive experience, noting his track record of leading transformation and building world-class accounting operations.

Expressing enthusiasm for his new role, Harkins highlighted Rollins’ market leadership and its history of generating value for stakeholders. He looks forward to contributing to the company’s ongoing modernization efforts and value creation.

Rollins, Inc. operates a family of leading brands providing pest control services and protection against various pests to millions of customers globally. The company employs over 20,000 people from more than 800 locations and is the parent company to well-known subsidiaries including Orkin and HomeTeam Pest Defense. Notably, Rollins has maintained dividend payments for 55 consecutive years and has raised its dividend for 22 consecutive years, demonstrating consistent shareholder returns. For detailed financial analysis and additional insights, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.

This announcement is based on a press release statement from Rollins, Inc.

In other recent news, Rollins Inc. reported its fourth-quarter 2024 earnings, with revenue reaching $832 million, surpassing the forecasted $815.99 million. The company met analysts’ expectations with an earnings per share (EPS) of $0.23. Over the full year, Rollins achieved a revenue growth of 10.3%, totaling $3.4 billion. The company also closed 44 acquisition deals, contributing to its robust performance. In a strategic financial move, Rollins issued $500 million in senior unsecured notes with a 5.25% interest rate, due February 24, 2035, to repay outstanding borrowings and for other corporate purposes.

Jefferies recently raised Rollins’ stock price target to $48.00 while maintaining a Hold rating, following the company’s solid fourth-quarter results, which showed strong revenue performance despite increased sales and marketing expenses. Rollins has also announced a private offering of senior notes to raise capital, primarily for debt repayment and general corporate purposes. The offering is subject to market conditions and has not disclosed the amount or terms of the notes. These developments reflect Rollins’ ongoing efforts to optimize its capital structure and strategic growth initiatives.

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