Rollins Closes Out Disappointing Year With Revenue Beat
Pest control expert Rollins (NYSE: ROL) had an enviable record of 12 consecutive years of higher quarterly revenue and profits, but that streak came to an end last year when it missed earnings twice in a row. Its growth-by-acquisition strategy was catching up to the owner of Orkin and Western Pest Services as the addition of ever more companies to its roster required it to spend more on professional services such as IT to bring them into the fold.
Rollins seemed to get back on track again last quarter, as revenue and profits resumed their twin rise, but it just reported fourth-quarter 2019 earnings and it seems buying up businesses is still exacting a bit of a toll.
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Source Fool.com
