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Rollins, Inc. nominates Dale Jones to board, Jerry Nix to retire

EditorNatashya Angelica
Published 02/20/2024, 04:39 PM
© Reuters.

ATLANTA - Rollins, Inc. (NYSE:ROL), a leading global service provider, has announced the nomination of Dale Jones as a candidate for its Board of Directors, coinciding with the retirement of Lead Director Jerry Nix at the upcoming 2024 Annual Meeting of Shareholders.

Jones, the CEO of MagnaVista Partners, brings extensive experience in leadership development consulting. His professional journey includes a successful tenure as CEO of Diversified Search Group, where he significantly increased the firm's revenue. With a background in banking and executive search, Jones has contributed to the growth and strategic direction of numerous organizations. His current board memberships include Chick-fil-A, Outset Medical (Nasdaq: OM), The Special Olympics, and Morehouse College, his alma mater, where he was recently honored with the Benjamin E. Mays Award for Excellence.

Jerry Nix, who joined the Rollins Board in 2020 and became Lead Director in 2021, will retire at the Annual Meeting. The Board plans to appoint a successor following Nix's departure. Gary W. Rollins, Executive Chairman of the Board, expressed his gratitude for Nix's leadership and welcomed Jones, highlighting his governance and business acumen as valuable assets for the company.

Rollins, Inc. is renowned for its comprehensive pest control services and operates through a family of brands, including Orkin and HomeTeam Pest Defense. The company employs over 19,000 individuals and serves approximately 2.8 million customers across multiple continents.

The election of Jones is part of the Board and management's solicitation efforts for the Annual Meeting. Rollins will file a definitive proxy statement with the SEC, which shareholders are encouraged to read for detailed information about the election and the Annual Meeting.

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

InvestingPro Insights

As Rollins, Inc. (NYSE:ROL) prepares for its Annual Meeting of Shareholders, investors are closely observing the company's financial health and market performance. With Dale Jones poised to join the Board of Directors, Rollins continues to demonstrate its commitment to strong leadership and governance.

InvestingPro data reveals a robust picture of the company's financial metrics. Rollins boasts an impressive gross profit margin of 52.17% over the last twelve months as of Q1 2023, indicating efficient operations and strong pricing power. Additionally, the company's commitment to shareholder returns is evident with a consistent track record of raising its dividend for 21 consecutive years, with a recent dividend yield of 1.47%. This is further underscored by a dividend growth of 15.38% in the same period, showcasing Rollins' dedication to delivering value to its investors.

However, the company is trading at a high earnings multiple, with a P/E ratio of 46.08, and a Price / Book ratio of 17.15, which suggests that the stock may be priced optimistically relative to near-term earnings growth. The PEG ratio stands at 2.46, hinting at a premium price in the context of growth expectations.

InvestingPro Tips highlight that Rollins operates with a moderate level of debt and has maintained its dividend payments for an impressive 54 consecutive years. Moreover, the company's stock generally trades with low price volatility, which might appeal to investors looking for stability in their portfolio.

For readers seeking a deeper dive into Rollins, Inc.'s financial outlook and strategic positioning, InvestingPro offers additional tips and insights. There are 15 more InvestingPro Tips available, which can be accessed by visiting https://www.investing.com/pro/ROL. To enhance your investment research, use the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription at InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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