Rollins, Inc. (NYSE:ROL) JPMorgan U.S. All Stars 2025 Conference Call September 17, 2025 4:00 AM EDT
Company Participants
Jerry Gahlhoff – Principal Executive Officer, President, CEO & Director
Kenneth Krause – Executive VP & CFO
Conference Call Participants
Cameron Kissel – JPMorgan
Presentation
Cameron Kissel
Okay. Welcome, everybody. On behalf of JPMorgan, welcome to U.S. All-Stars 2025 Day 2. We’re thrilled to have you here. My name is Cameron Kissel. I run our U.S. into Europe efforts. I am thrilled on behalf of the firm to welcome Jerry and Ken to the stage, CEO and CFO of Rollins. They are a perennial attendee here.
Just a quick reminder, JPMorgan does not cover the stock. So these will be certainly higher-level questions. I last had the pleasure 2 years ago of interviewing these 2 gentlemen on stage. They just had just finished a large M&A deal. And then last year’s interview was really lots of focus on the labor front.
Question-and-Answer Session
Cameron Kissel
So maybe just to start with, I know there’s some newbies in the audience. There’s also some long-term holders. I did a cursory look back. Had you been lucky enough to hold stock for the last 1.5 decades. And I don’t want to make anybody blush, but it’s a low double-digit bagger on a total return basis.
And if you move the starting points and make it more like just a decade, it’s sort of mid- to high single digits, but it’s still outrageously high. So — and obviously, starting points do matter, but they have continued to grow formidable business over time.
And I guess just starting from a pretty high level, what we’re seeing on the economic front is a very peculiar labor picture. Immigration is impacting jobs numbers a lot. Just wondering how that’s impacting, you
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