Rollins' Posts Gains In First Quarter
January 21, 2000
Rollins Truck Leasing Corp. posted net profits of $14.8 million on revenues of $169.6 million for its first fiscal quarter 2000 which ended December 31.
First quarter 1999 profits were $14 million on revenues of $155.5 million. The company noted that the first quarter increase was achieved without any contrubution from UPS Truck Leasing which Rollins bought early in January.
Full-service lease revenues were up 11% due to strong internal growth plus the impact of two other recent acquisitions. Guaranteed maintenance revenue was up 8% over the prior year, which Rollins said was the highest growth rate in this service in several years. Commercial rental revenue was up 7% due to a slightly larger fleet and continued strong utilization.