ROL - Earnings call transcript Q1 2020

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Operator

Good day, and welcome to the Rollins Incorporated First Quarter 2020 Earnings Conference Call. Today's conference is being recorded.

And at this time, I would now like to turn the conference over to Marilyn Meek of MWW Group. Please go ahead.

Marilyn Meek

Thank you. have a should press of you release. now, all copy received the By

is and and a receive if company's make missing However, anyone on are copy you release contact the office sure you send list. one, our would at will XXX-XXX-XXXX we distribution a and please to like

with call XXXXXXX. of be one for week. replay can a There which begin run will replay be of one and will by the dialing X-XXX-XXX-XXXX accessed call, the hour passcode after the The

Additionally, being for a days. is the will replay and call www.viavid.com at webcast be XX available

the presenting for Chief Rollins' make some On and your line Rollins' Officer; Gary line with and John Vice remarks, Officer; opening Northen, and me President and Officer we'll are President, Chairman Eddie Management Chief open Financial the Operating today questions. and Treasurer. Vice will Wilson, then and Rollins, Executive Senior Chief

Gary, would you like begin? to

Gary Rollins

appreciate for call. Yes, morning. you you We good conference XXXX of quarter us Marilyn. and first all joining Thank our

statement Eddie will read our and disclaimer, then begin. we'll and forward-looking

Eddie Northen

release to and our risks any call, all statements. and differ and particular outlook have These of discusses number we are statement business contains actual today. materially statements forward-looking statements facts, subject made historical make certain on forward-looking excluding that been uncertainties this and a risks other from earnings may Our

information XXXX more of factors Please differ. XX-K refer for to cause today's the for December press actual SEC that filings, our could Form section XXst, to year release the risk risk and including results our the factors ended and

Gary Rollins

our anything to imagined Needless never that have ourselves company, as We of Eddie. place when to over us close last encountered a years ever find have public you, we pandemic. Thank XX we spoke. this none say, in a could in

is But economic the impact this my perspective, different found had. waters. is from crisis the ourselves to we've animal. unchartered refer a of Its totally multifaceted, in example virus as that closest XXXX Many

sales were service very March, two track. to our positive weeks last pest on of the and and control Prior

as for see we to virus our early, started the in demand services. the our California immediately. saw began shutdown to However, affected we expand, Initially, business a reduction and

state, Further other quarter. randomly New York, impacted the until hardest the end the shutdown of by states hit and

able enough final would to drop. our expect, we during for cut to those the expenses adjust two were As not weeks you revenue

the for last million quarter to Revenues same million or to for in the was compared quarter million $XX.X though share XXXX. approximately share income year. Net first or grew million $XXX.X XX.X% $X.XX for $XX.X per per quarter first compared diluted to the $X.XX $XXX.X

growth services quarter, rose business On termite XX.X%. all positive XX.X%, side, and and commercial in our grew experienced in lines of the control we the residential ancillary up X%, pest

began spots service Couple quarter, of the other during as mosquito bright and the weather warmed. sales

line. a that record-setting result, in growth saw business As we

increased increase revenue over as as Eddie a strong results last wildlife business, We other also which on this provide year. will saw double-digits shortly. well our in greater financial detail

You're entering traditionally pest season. high what the is

and of global facilities operational. domestic remain our All

early to Residential positive control too the with account have judge and commercial commercial negatively results However, pest termite, sales demand been season. remains and impacted. it's retention

pest been others. multiple hospitality virus. impacted most commercial including Overall, verticals, the negatively food retail, and logistics, control the by has grocery, processing, Commercial healthcare, crosses

restaurant healthcare, continue to industries due food we improved COVID-XX. whereas impacted most is to The been in grocery. retail, these of and being processing, Each the affected, logistics differently hospitality, has adversely see business demand

service transmission new a VitalClean. announce called new to all-time new to is more service. will VitalClean service year. on employees their and details that John the the business facing has Orkin help provide and a thoroughly contribute will positively disinfectant of This to that customers. about We're this pathogens The of began serious business revenue suppress concern Orkin this pleased month an service last quickly germs. offering and number potential could profit The endanger

Our a COVID-XX, nation will the effect there company begin impact mirror the And counties, current address be economy. challenges business business our are as and across while open This and up. actions we of and anticipate to generally the implemented total has duration regions, cities pandemic. of and numerous will defensive uncertainties to proactive states, regarding the the

The actions effects implemented that we the take follow. into and both consideration impact to have longer-term short-term

situation accordingly. actions, our to adjust evolves, business As evaluate the pandemic the impact we and continue their will

and the turning John, to I their call Before employees want acknowledge over to our importance.

unprecedented and our ways. as rising have history, the we and couldn't greatest to are of We're to prouder quickly asset, they occasion time an be Our are our them our people people in extraordinary pandemic. experiencing adjusted the in

our taking and With Security. critical by we an deemed pest we've the as Homeland the Department important responsibilities control essential seriously been this role health property of company, provider have an important this largest as people an assignment. time. We're and well-being extremely the world's is during public's Protecting distinction service and

for more John to over call the turn details. now I'll

John Wilson

you. Thank

and very noted, times, are the our impact certainly having COVID-XX customers. we and to Gary we challenging responding are As employees, that in on is quickly businesses,

pandemic other front-lines have of this taking their during Our care performed customers time. of this heroically on people the and each

our provide essential, so and we we to customers global continuing operations do accordance with are considered are commercial and we in continuing possible. guidelines. holds where country's our This residential services are as each true to The service business for well,

around weeks we need responsibly. they past customers our that globe service to the them the the has and providing been are over employees protection on their safe ensuring are with focus that Our

and and interact with Rollins other protective masks, technicians personal including has disposable customers and provided with shoe protective equipment, purchased employees our outerwear. that gloves, covers,

continue believe we our with this that and all line order keep in investment safe, to are new make normal facing. we ongoing an we customers employees in to will is This

and during to all always will provided time-off our the a this, time companywide of ensure be we The is especially highest paid full help increase employees. this safety security To priority front-line. the and program difficult part-time our on team, have and for

for XX if will should they leave PTO hours to it. Full-time need during of this our team and XX pandemic, emergency employees hours will receive coronavirus receive part-time up

this has suspected has with health their or virus. the been can a people immediate measures Our of these safety personal for the own protecting support use care their positive their help and provide team family for need of while around We will the and they our tested quarantined of or for time member believe who case them. those

demand allow we Given number current employees temporarily employee of and furloughed business and operations in to these a field conditions, the The full have our meantime, are rehire furloughs us those offices. we as both in affected. home providing improves, employees for benefits will

we for members taken. impacted have field Front-line provide suspended other detail salary greater by office reductions. team not corporate the home have Eddie has positions. on Rollins salary with these along merit been cost-cutting staff, in management both increases and Additionally, and will this measures reductions

As of other eliminate of a are scale and wide Large Gary sterile disinfection pathogens. disease-free. as work thoroughly where our variety a noted, and many offering disinfection new imperative brands and and establishments quickly possible as to eat now serious service shop, keeping is will Orkin that people

disinfectant VitalClean use use option or included uses and healthier against for registered risk and restore VitalClean for approved EPA's coronavirus is program a an lists for that against is of EPA COVID-XX. the their an SARS-CoV-X, The wide and criteria Orkin's on reducing of business Orkin helping and the effective causes products variety as that meet environment. pathogens labeled trademarked list a safer

will XXX% label product the disinfectant with accordance porous non-porous in kill hard, this powerful surfaces. bacteria on will and by trained applied professionals, surfaces sanitize service of and When soft viruses

We potential existing our are customers. the potential and service for excited this very about for both

to over now, Eddie. turn the I'll call And

Eddie Northen

John. you, Thank

to April on release insights our QX XX what time on we related press today. Our some our knew gave we as COVID-XX add insights to know to impact actual and we business. report Today, the what of at results will that you some on

as have I efforts. and Before a supported impacted and well We way thank over our for I thank adapted as would their want communities. also as begin, employees our have that support as those that them well our our XX,XXX work to to helped new employees to like to customers,

be truly together. through getting will We this

in results numbers. already items go I our are As there the through that were being QX, some felt of

the customer-facing mentioned, our As increased John an to equipment of protective pest personal as commercial and employees. control expense or related all for Gary slowing revenue, highlighted, PPE

stood the employees. they receive most items we behind masks ensure need began and patiently of accumulating PPE line we to for first, other groups our critical While safety at responder those first to the in ensure

disinfectant our of our all supplies service as cost of new quarter, and field launch key VitalClean round our quarter Orkin home office locations. included personal in lines initial our the showed the the containment to and commercial costs material service the protective equipment, For of and operations growth mentioned and higher with

this QX. what time numbers, my focus today to be reporting know QX addition we to to related at In our share will

million. revenue X.X% XXXX. million, $XXX.X of year's any the XX.X% Income of taxes quarter the quarter $XX.X of down XXXX. revenue to below was income numbers, $XXX.X over million, before first or million, prior first the X.X% $XX.X income compared was increase Looking an Net of

$X.XX earnings GAAP XXXX. share compared and Our share. diluted per per $XX.X to EBITDA was were rose X.X% million

of to will of includes The mostly Clark to $X.X of vehicles, of Clark normalize of lock and of intangibles million interest million. we the to as depreciation buildings million, begin impact for Our May quarter QX income $X.X our due the year. acquisition $X.X amortization numbers expense in and initial this net added

two for and remainder and along mentioned for with along items materials the PPE for began needed the product to in more we've will the and earlier, year. These QX we costs our impact disinfectant new As equipment aggressively diversified supply the our VitalClean. new impacted purchasing suppliers, with pest of QX service business the transition supplies

by to revenue look a service take first the Let's line the Rollins for quarter.

our increase included up acquisitions made was up made was and termite which control, the made up and which services, of control, total, approximately XX% Our X.X% organic XX% pest and of our XX.X%. pricing revenue was of X%; up up Clark which ancillary residential our total In was of revenue growth. pest XX.X%. from Commercial revenue other and and up revenue XX% remaining from X.X% XX.X%

double-digits. during X.X%, acquisitions revenue up was were and X.X%, even note, of was as Again, XX%. Gary grew termite and less ancillary March. that, From slowdown strong with up ex-fumigation wildlife X.X%, Also residential our total services increased commercial mentioned, up the

items to two like note. I'd that are There

termite as to of ancillary record the also, fastest And eclipsed levels As drive quarter in Gary and past also increases growth our this double-digit experienced with mentioned, mosquito residential revenue. six the service quarter last continued the years. growth our continues we at

In to match. prior several increases by salaries, Clark XXX(k) administrative quarter XX.X% total, personnel year's quarter. from categories service of margin the in driven mostly in related XX.X% in the and experienced our The reduced for categories, gross salaries

mentioned supplies Depreciation million $X.X increased as and the to moving purchases increased the gross margin materials as million intangible customer up while $X increase million in earlier, acquisitions, Clark, vehicles and XX.X% Depreciation acquired million, the equipment contracts amortization $XX.X were improved due earlier. XX.X%. of including to Clark. amortization quarter $X.X of for impact Additionally, acquisitions discussed several to increased XXXX. But amortization expense due of of and assets an from

Sales, for point to scheduled percentage percent XX.X% due salaries, from growing a general million, primarily first and administrative to revenue of first growth, rate increased than and repairs one-tenth revenue related the at down decrease all personnel and salaries revenues The higher maintenance XX.X% expenses million due $XX.X to a the by or of quarter as projects. of slower percent offset $XXX.X insurance sales and claims revenue our was of for IT XXXX. XX.X% and revenues, the million, administrative of or $XXX.X or quarter of the

remain to Our this continues cash at flow strong time.

dividend that shape Our than prepare needed further the economic There our for we this have improve virus, impact this out add move taken and come the our and for currently as further and around the are the of us will step stronger will flexibility reducing future. unknowns sheet financial time future. knowns others along of even to balance with the more conservative in will

second in Finally, cash, M&A have more priority, as continued our with and in related globe we activity with top quarter. completed around the the our March to acquisitions for plans

year. the at ended our XX, million March period spent period cash for for last we compared $XX.X to acquisitions, $X position on same XXXX, million the As

$XX.X We and capital the which million was which expenditures, slightly held of our $XX.X million compared million $X.X subsidiaries. paid XXXX. We with of higher by on is million period $XX.X to in had foreign ended dividends cash,

aware we wrap will of share I the I impacts pandemic-related to that that ongoing. are up, Before be want

our revenue benefits As XX% our variable are you and costs of most just our payroll extremely over on know, and of based are levels.

The and revenue. fleet X.X% X.X%, two payroll, categories is is less variable than are on based which major cost slightly supplies, and and other variable about at also which materials about

quarter. items for the few to and a approximate are consider second Here impacts

for $X items for for $X this will for cost the the and and the expense, the our customer-facing be supply will which quarter. million We'll and First, future. between employees, PP&E have materials additional million foreseeable be ongoing

the benefits and COVID-XX future reducing and as will quarters. we we more $XXX,XXX Cost paid related to $XXX,XXX, that know furloughed employees future and and leave for between Costs and would in will of anticipate be update in $XXX,XXX, be sick for time $XXX,XXX between quarters. additional amount will we

for which between in reductions of $XX April, payroll, QX, costs containment discretionary impact These include or implemented higher these and Offsetting $XX QX have we million mentioned. some will and million. cuts which John cost

Gary route which cuts our and to We're by our revenue tenth or mentioned, into about one mosquito percent to density run as help will a business. $XXX,XXX. efficiency. moving expenditure only termite reduce products to improve improve our point essential will Capital our percentage seasons, of and This historical

VitalClean early the fitness of winds around transit. as launch in food, the hospitality, globe finally, with housing, such and And industries

specific in Columbia we signed example, Transit a Canada. As British the just system

shelter-in-place in adjust well-positioned pest As time, continue as changes and structure for we to study needed. cost we services adapt months, our change those as anticipate coming rules demand new the will Until we and that are to our rise, occur. to disinfectant and

our the to on of paid at cash approved XXth, Board of XXth, through be the June Finally, close Directors XXXX. May XXXX, that share to per stockholders reduction of $X.XX temporary will on business the dividend record

Gary, turn back you. over the I will call now to

Gary Rollins

at Eddie. take Thank you, this happy your We're to time. questions

Operator

first Jefferies. go our Cortellacci with from Please take Mario ahead. we'll And Instructions] [Operator question

Mario Cortellacci

is and staying well everyone hope I doing safe. everyone. Hi, you. Thank

trended end -- then I then you commercial and investors end quantify and exit March. can the what growth rates color Just and March were you to in what the at you can wondering just of important most the for April? us thing how for derive throughout resi more if saw the at think that's And if organic of give

can we've rest I just Obviously but see, the guess, you bottomed where know, Do And expect just trends? of point? think April this quarter? of out the that don't you at you do what possibly based we

Gary Rollins

hate out. I to really Mario, Yes. the punt question difficult. first That's on

which residential still good in we're press We demand. have our the on -- seeing we release, put side,

side. what customers have or commercial some not commercial impacted know us On a the we suspended side, been on suspended because We've of they the having customers need.

don't know of the ones suspended. those why question is be we because back. And know of I'm will that the on reason have pumping customers those don't We which ones coming

the and larger just based be They know for economic which customers will feeling a coming back, personal be coming not on have We pops. or ones but don't we about back their mom may those situation. may

it's prediction that. really give to to be sort soon for any able on too So, of us

that sure to more and still up But side, I we well. look commercial And give this as But termite forward. on is the the hanging we're talked can point we residential, about what like. that's definitely we're think we time, Gary there move as most positive, in shaping not things at color seeing see as as going

Mario Cortellacci

in you color that? share even can say, on And exit any then, Okay. the March, during,

Gary Rollins

at you look the April. and look end what you that into March flowed then Well, at of

shutdown, York So, of California the other shutdown, had then you other or states that shut process end states few was by that of down, a they portions on. were New shutdown were shutdown March, beginning going had what major was but

us for to know to like. really share look think going don't be because that's even I that don't that be just it's to fair I to going So, able what

of a that but if -- bowling, restaurants up. poll are I and we bowling this here okay, morning said, Georgia we anecdotal, also we folks my to it's opened we folks also we've alleys took but can have it's here their many you how know I one restaurant since because a raised need to no I restaurants sit-down And and went a anecdotal. opened you up, little hand. know open, come to go have have back

as going these in the be be and longer we're term is businesses we able to to So, impact is the really going just stay know even back up be to opening what business. impact to don't for what

Mario Cortellacci

Got you.

over. I'll it and just then turn And one Okay. more

success more in days in that U.S. what very think share that business, the COVID can the the early it's Europe interesting if just of like some I'm have over and with and versus hit the success seen, -- there I've heard On actually you disinfectant U.S. on of think versus kind I think earlier. you that But the idea, you probably might business looks the do wondering a you longer-term?

just to this tend short-minded they mean, tend in forget very be because people that people mean, year a from now I you have business I to about short do a as or think accelerate maybe memory, COVID maybe for have much traction take don't need now, this doesn't I tell, or what year on just two much or gain as that? relevance then situation they and a and service the your anymore, maybe as does

Gary Rollins

we on we and point what X/XX, changed at time. probably. exactly this go airport an could be of in think I before X/XX, of this that know forever And Well, a all for And us, then always outcome walk after plane. don't could through just the will we get

I I have a are we've recommendation think in of of form things the states the near-term, that from the up the different of opening cleanliness. seen some all think

a go what And makes about with and verticals, sales through spend where perspective trying to the so, for time sense we're talk that. to from our

in are and to going door able get comfortable. to the that feel Some be customer need just back to

time cleanliness. as know move going think mandated we we forward Now, what to what's I don't in as as is, the question be that far

John Wilson

John add. way, I may if the Yes. Wilson, by This is

I in portion. mandated hit head the think the the with nail Eddie

well various most may be department, I processing government certain maybe health healthcare, that hospitals, the by strongly some be it's think mandated, recommended entities, especially. it there'll industries, others food that maybe

think early in the it where our fairly I add be significant is customers are their us people it's hard for returns what do to to So, to terms of can say, but with. terrific managing

Mario Cortellacci

much. Okay. Thank so you

Operator

Tim Blair. come Please William go ahead. from next Mulrooney Our question will from

Tim Mulrooney

everybody. morning, Good

Gary Rollins

Good morning, Tim.

Eddie Northen

Good morning, Tim.

Tim Mulrooney

maybe Can and likely pressure market through understand your exposure you don't give what the and Specifically, would the shed some right? which to because significant end commercial into what growth model any curious rates now? is percent business want something, to your business? we me hotels, commercial right are have under April, I you on of light restaurants in parts I'm but model insight help others

Eddie Northen

We're that that's by good Yes, we've from put all but in strong to competitive out. want that competitors never broken other lot to we a and to the have going We ourselves be just different going verticals. a out able a of break the vertical, not being areas, of of step into to cross-section the standpoint. crosshairs don't

as And if the into about with we've the processing, we've lot having to moving topic, such healthcare, talked a years. past calls that -- verticals strongly more of and talked we've verticals had you'll couple that such such logistics, previous this back as into go moving about to do as such as food or over

a there's as of medium-sized ones customers But performance cross-section a in of those those of customers large a had large well. small question as as different we've we and all strong no well areas. that concentration have strong very with decent So, a amount

Tim Mulrooney

Eddie. Okay,

I That Okay. -- understand.

your get that is vertical, that disclose or can I'm reasons. that business? of help you want percent than for commercial your no of can don't tell vertical more business You Any us XX% more any than to vertical something trying us if X just competitive to

you're way any end that reasons investors disclosing much but in particular where really Any color anything market? not for assurance over-weighted of not that you're gives competitive

Eddie Northen

on. last in We that vertical your individual is is were there. think spot I not any statement out over-weighted

as of and well. in relatively We have set verticals have those a percentages relatively diversified diversified

Tim Mulrooney

from Okay. market Because which article consultants, sizing. does specialty read I recently an

is I of like business think it restaurants. in something said the XX% there, commercial

to fair broader does the that mix match end market? say it's not market So, necessarily your of that

Gary Rollins

understand Your about understand what read correct. interested in And correct. what there about, your -- is I That's the out you to would behind what's would statement there. statements data industry. But I I be the

Tim Mulrooney

you very I'll in Thank cool. Okay, queue. the back much. get

Gary Rollins

Thanks. Okay.

Operator

RBC with take ahead. [Operator And from Markets. Instructions] Weber next question Please we Seth Capital go will our

Seth Weber

follow-up anything maybe anything of the kind guess you collection Hi. Good payments? you're morning. ensure I on for Can Eddie. seeing you doing Thanks. just seeing just you about Are the talk Hope to a your on of quality M&A everybody's then question well. like that? I just receivables Are comment. or customers what had And side? the delay a

Eddie Northen

Yes.

able shored bit income well, only or product. higher income sell to up a just little product not band band that to -- that a really So reserves one that on than we a on we're as standpoint. do seeing concentrated a be as make more of have And side, diversified healthy sure, pretty being base customers sell from to collection impacted our not we customer we

to able you to say still So it's and be know, that we're weeks relatively, checks still we're at and But three we I little people cautious that, being just the that more the bit a on this do or relatively think a having, being we're aggressive, little that or area, just early point. bit too can one another resources with know, income. into best full little to way a four unemployment you into putting bit

Seth Weber

back And to going Thanks. then Okay. your comment on just --

Eddie Northen

states in thing, collect, not place there. that where more may to more you you one have certain with know, thing not there allowed or mandates are just and one may put those that, Just are

Seth Weber

Right.

Eddie Northen

all already we're those probably those and for states. should So all you as complying of know we about

Seth Weber

characterize M&A the relative Okay. and Thank here, the come valuation just where then your, they across over And last you. months started on just can to your down comment, following were? you to up group couple

Eddie Northen

the still are in would much the well, in what seen I valuations that other as with other sellers in less less number that And say of coming we've down for probably are I than market with would are previous those market. times. say the players

looking we're they have direct our you know, open in competitors we're out not opportunistic. necessarily aggressively market. there the And, of and while and said absolutely that are publicly Some not going being,

Gary Rollins

do see a at because down valuations statements. market -- buyers agree as aren't in because with the would just Yes, bit, maybe least all I now. of there many right those simply coming I

Seth Weber

very you it. Okay. It's Thank Thank you. guys, appreciate interesting.

Operator

Our will Stifel. Hoffman question next ahead. with Instructions] [Operator Go come Michael from

Michael Hoffman

numbers taking questions for your ask the all glad employees. you have I all thing fast you're and first, if when an as is number you clarification talking, $XX the that's safe right question you is to but Thank or that I'm cost as I Can everybody could down the and I I'm Hi. when savings? said $XX million done annualized may? million by the scribbling quarter containment, a

Eddie Northen

for going we've That's didn't those the having to cuts John about that would into quarter. of categories, to talked the some payroll. discretionary made, with That's include details We a of for but the include and do that's two that on quarter. payroll. And go discretionary categories that the really the lot

Michael Hoffman

end materials took So, mean, an that's I offset. so and I kind and I'm just got high If PTO, the of got of million so clear. million $X million, I $XX headwind furloughs, I $X and

Gary Rollins

I yes. don't that -- the -- transcribed. that's If math have just that's

Michael Hoffman

understood All I think generation -- restart of hey, is right. in and stay I it lead lead good. come I'm get then. going from the do of service, call question-question you say, question. one let's in spirit and just My there's kind Okay, it's to starts, service okay, right make Residential a to to want calls restart, sure a trying this an commercial, -- would activity? so I'll added do when parts, two you

Gary Rollins

I'll John saying. more that, by with start can in just specifics weigh a lot to sure I'm Yes. but

normal different customers because buckets. business One have, business. partial is, few they're we in in fully would some they're -- either see that a of they they or sort are in doing service think I their normal

week, just which keep be received three weeks every say relatively receiving they don't point on. service every going just point. another to other once And third now hybrid at bucket, at it a a we service stops think all have of think things maybe have a at or have a completely I this I week kind we time, this anything intact is because in they might they that bucket a let's which

especially open four that want through they going that they for So, done want up to trying up to with. don't opening now know that have have for a and going an we've Xst, situation. make got and say, They infestation as weeks -- be deal to soon, let's decision on, by we're anything as makes those they to have they they're them, relatively May haven't to that best just accommodate don't go sense they're customer, for to

those I of the by of think So, the are kind seeing buckets customers. what we're

John Wilson

we've Michael, tactics by array our seen a costs. maybe wide to defray And of customers

have or service they be their service Some notified in of May. want some altogether, and us put pest had to with re-begin on to big We've one even continued chosen begin retailers of to chosen some our down problem. reduce have an frequency, have outbreak though that may suspend that suspend shut knowing they don't had that's already us for

we we're we'll us will in as a few coming back have that they open. before on, there would I that get suspect quite So,

Michael Hoffman

Okay. that trend. what little a normal on That's from I a to and pop given then thought, back

John Wilson

sense. makes That

Michael Hoffman

Thanks. Okay.

John Wilson

Thank you. Yes.

Operator

time. And there are no further questions this at

Marilyn Meek

Rollins (ROL) 29 Apr 202020 Q1 Earnings call transcript