Rollins Truck Leasing Reports Higher First Quarter Earnings

January 21, 1999

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Rollins Truck Leasing reported 9% higher net earnings for the quarter ending Dec. 31, 1998, compared to the same quarter a year earlier.

Full-service lease, guaranteed maintenance and commercial rental revenues all improved over the same quarter of last year, leading to 4% higher revenues for the quarter. Strong commercial rental use of a larger fleet during the quarter generated a 13% increase in commercial rental revenue over the prior year. Long-term full-service lease business experienced moderate growth during the quarter, despite the continuing delay in getting equipment delivered from truck manufacturers.

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