Rollins, Inc. (ROL) has reported a 19.71 percent rise in profit for the quarter ended Dec. 31, 2016. The company has earned $38.01 million, or $0.17 a share in the quarter, compared with $31.75 million, or $0.15 a share for the same period last year.
Revenue during the quarter grew 6.38 percent to $385.61 million from $362.50 million in the previous year period. Gross margin for the quarter expanded 22 basis points over the previous year period to 49.95 percent. Total expenses were 86.38 percent of quarterly revenues, up from 85.72 percent for the same period last year. That has resulted in a contraction of 66 basis points in operating margin to 13.62 percent.
Operating income for the quarter was $52.53 million, compared with $51.77 million in the previous year period.
Gary W. Rollins, Vice Chairman and Chief Executive Officer of Rollins, Inc. stated, "The positive performance we achieved in our fourth quarter and for the full year reflects the success of our 2016 initiatives. We were especially pleased that this year we again exceeded our revenue and profit plans, and we surpassed the $1.5 billion revenue milestone. The Fourth Quarter results represent our 43rd consecutive quarter of improved revenues and earnings."
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