Rollins Inc. (NYSE:ROL) Q1 2015 Earnings Conference Call Transcript

Apr 29, 2015 • 10:00 am ET

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Rollins Inc. (NYSE:ROL) Q1 2015 Earnings Conference Call Transcript

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Operator
operator

Good morning and welcome to the Rollin's Incorporated First Quarter Earnings Conference Call. Today's call is being recorded. At this time, all participants are in a listen-only mode. Later, we will be conducting a question-and-answer session and instructions will be given at that time. (Operator Instructions) I'd now like to introduce your host for today's call Marilynn Meek. Ms. Meek, you may begin.

Executive
Marilynn Meek

Thank you. By now you should have all received a copy of the press release. However, if anyone is missing a copy and would like to receive one, please contact our office at 212-827-3746 and we will send you a release and make sure you are on the company's distribution list.

There will be a replay of the call, which will begin one hour after the call and run for one week. The replay can be accessed by dialing 1-888-203-1112 with the passcode 6386676. Additionally, the call is being webcast at www.viavid.com and a replay will be available for 90 days.

On the line with me today is Gary Rollins, Vice Chairman and Chief Executive Officer; and Harry Cynkus, Senior Vice President, Chief Financial Officer and Treasurer; and newly elected Chief Financial Officer and Treasurer, Eddie Northen. Management will make some opening remarks and then we'll open up the line for your questions.

Gary, would you like to begin?

Executive
Gary Rollins

Yes. Thank you, Marilynn, and good morning. We appreciate all of you joining us for our first quarter 2015 conference call. Harry will read our forward-looking statement and disclaimer and then we'll begin.

Executive
Harry Cynkus

(Forward-Looking Cautionary Statements).

Executive
Gary Rollins

Thank you, Harry. Before I delve into our first quarter results, I wanted to take a moment and thank Harry for his 17 years of service to Rollins as our CFO. As most of you know, he will be retiring from our company on May 1. Harry's leadership, talent, and dedication played a major role in the growth and success of Rollins. We will miss him greatly and wish him and his family all the best in retirement. Be assured, however, I am not going to let him stray too far.

I would also like to take this opportunity to welcome Eddie Northen to our company. We are extremely pleased to have him join Rollins as our new CFO. Eddie comes to us from UPS and brings, not only a wealth of financial experience, strong international exposure, but also a great background in routing and supply-chain management. These areas are extremely important to us as we continue to grow our company.

Eddie, please tell everyone a little bit more about yourself.

Executive
Eddie Northen

Thank you, Gary. I want to also thank Harry for his leadership and support during my transition period. Filling Harry's shoes will be quite the task, but the transition period that Gary has allowed and Harry has taken with me definitely has me ready to take the next step. I had the opportunity to spend time with a number of Rollins team members in Atlanta and in the field, as well as