ROL: 2026 Investor and Analyst Conference Preview

研报英文原文证据摘录

ROL: 2026 Investor and Analyst Conference Preview

RBC Capital Markets, LLC

Ashish Sabadra (Analyst)

(415) 633-8659, ashish.sabadra@rbccm.com

William Qi (AVP)

(646) 618-6963, william.qi@rbccm.com

May 12, 2026 Outperform

NYSE: ROL; USD 52.88 Rollins, Inc. Price Target USD 67.00RESEARCH 2026 Investor and Analyst Conference Preview Scenario Analysis*

Our view: We expect Rollins to reaffirm its medium-term outlook, Downside Current Price Upside

emphasizing three key drivers. First, the company will likely highlight a Scenario Price Target Scenario

large, underpenetrated market with strong secular tailwinds and favorable 50.00 52.88 67.00 80.00

pricing dynamics. Rollins is positioned to capture share through its 4% 28% 53%

diversified brand portfolio and multi-channel distribution, supported by *Implied Total Returns

cross-selling synergies that should enable above-market organic growth. Key Statistics

Shares O/S (MM): 484.7 Market Cap (MM): 25,630EQUITY Dividend: 0.66 Yield: 1.2% Second, operational leverage will be central to the narrative. Management

will likely stress efficiency gains from technology investments— FloatStrategic(MM):Ownership: Rollins 63.5family Avg.ownsDaily~52%Volume:of the outstanding2,728,249

specifically routing and scheduling optimization—alongside back-office common shares.

modernization. These initiatives are expected to expand incremental

margins to 30-35% over the medium term. RBC Estimates

FY Dec 2025A 2026E 2027E 2028E

Third, the company's strong cash generation, converting more than 100% Revenue 3,761.1 4,120.6 4,510.1 4,937.1

of free cash flow, enables a shareholder-friendly capital allocation strategy EBITDA, Adj 853.9 944.1 1,051.9 1,176.0

encompassing M&A, share repurchases, and dividends. EPS, Adj Diluted 1.12 1.23 1.36 1.54