Rollins, Inc.

Greetings and welcome to the Rollins Inc first quarter 2023 earnings conference call. At this time, all participants are in a listen only mode. A brief question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star and then zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Joseph Calabrese. Thank you and you may proceed, sir.

Thank you, Claudia. 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 827-3746 and we'll send you a release and make sure you're on the company's distribution list. Additionally, The call is being webcast at www.rollins.com, and a replay will be available for 180 days. The company is also offering investors a supporting slide presentation, which can be found on Rollins' website at www.rollins.com. We will be following that slide presentation on our call this morning and encourage you to view that with us. We have included certain non-GAAP financial measures as part of our discussion this morning. The non-GAAP reconciliations are available in the appendix of today's presentation, as well as in our press release. The presentation and press release are available on our investor relations website. The company's earnings release discusses the business outlook and contains certain forward-looking statements. These particular forward-looking statements and all other statements that have been made on this call, excluding historical facts, are subject to a number of risks and uncertainties and actual results may differ materially from any statement we make today. Please refer to yesterday's press release and the company's SEC filings, including the risk factors section of our Form 10-K for the year-ended December 31st, 2022, for more information, and the risk factors that could cause actual results to differ. On the line with me today and speaking are Jerry Galoff, Jr., President and Chief Executive Officer, John Wilson, Vice Chairman, and Kenneth Krause, Executive Vice President, Chief Financial Officer, and Treasurer. Management will make some opening remarks, and then we'll open the line for your questions. John, would you like to begin?

Yes. Thank you, Joe, and good morning. We appreciate all of you joining us for our first quarter 2023 earnings call. I'm pleased to report Rollins delivered solid first quarter results, highlighted by revenue growth of over 11%, and earnings per share growth of 20%. I want to begin by welcoming P. Russell Hardin as Rollins' newest board member. Russ was elected to our board at our recent shareholder meeting and has served as president of the Robert W. Woodruff Foundation since 2006. He serves as a director of Genuine Parts Company, as well as a trustee of the Northwestern Mutual Company. Hardin practiced law with the firm of King and Spalding, and as a longtime resident of Atlanta, has served this community in ways too numerous to list. Please help me welcome Russ Hardin. Now turning to the Fox pest control acquisition, I'm very excited about this recent event. Enjoying a strong reputation in the marketplace, we have long respected Fox's history of success. In fact, I have a relationship with one of their founders, Mike Romney, going back close to 20 years. as Mike began doing summer sales programs for Oregon prior to co-founding Fox. Fox Pest Control was formally established in 2012, initially marketing through the door-to-door sales effort in historically underserved pest control markets. Through consistent growth and expansion, Fox now provides general pest control services for homeowners from 32 locations in 13 states. Fox evolved in their growth strategies to include other streams as now about a third of their customers are acquired through digital channels. Not only does Fox rank as the 13th largest pest management company, according to the PCT 100 rankings, Fox also received recognition in 2021 by Inc. Magazine as one of the fastest growing private companies in America. In many of the markets they serve, Fox is a market leader with a great service reputation. I cannot stress enough what a great addition this is to our family of brands, and I'll now hand the call over to Jerry to recap Rollins' first quarter results and talk about the transaction in greater detail.