ROL

Secondary Public Offering: Rollins, Inc. announced the closing of a secondary public offering of 17,391,305 shares of common stock at $57.50 per share, with no proceeds going to the company as it did not sell any shares.

Lock-Up Agreements: The Selling Stockholders, LOR, Inc. and Rollins Holding Company, entered into 365-day lock-up agreements restricting them from certain transactions involving their shares.

Share Repurchase: The company repurchased 3,478,260 shares of common stock for approximately $200 million at the same price as the offering.

Company Overview: Rollins, Inc. is a global consumer and commercial services company specializing in pest control, serving over 2.8 million customers across multiple continents with a workforce of more than 20,000 employees.

Introduction of K9 Detection Service: Orkin Canada has launched a professional K9 rodent detection service in Metro Vancouver, utilizing a specially trained rescue dog named Puzzle to accurately identify live rodent activity in various settings.

Benefits of K9 Detection: The K9 service can access hard-to-reach areas, providing an eco-friendly solution that allows property owners to detect rodent issues early, saving time and costs while reducing public health risks.

Commitment to Innovation and Welfare: The introduction of this service highlights Orkin Canada's dedication to innovation, animal welfare, and environmental responsibility, as the detection dog is a rescued animal trained to identify rodent presence safely.

Encouragement for Professional Assessment: Property owners are advised to consult pest control professionals for property assessments and prevention measures to ensure comprehensive protection against rodent infestations.

US Stock Market Performance: The S&P 500 is down -0.16%, while the Dow Jones is up +0.15%, and the Nasdaq 100 is down -0.42%, with mixed trading influenced by weak AI and semiconductor stocks, particularly CoreWeave and Nvidia.

Labor Market Concerns: A report from ADP indicates that US private employers lost an average of 11,250 jobs weekly, and the NFIB small business optimism index fell to a six-month low, suggesting a weakening labor market.

Government Shutdown Resolution: The Senate passed a temporary funding resolution to end the government shutdown, with expectations that the House will quickly approve it, providing funding for various departments and pay for furloughed workers.

Corporate Earnings and Interest Rates: Q3 earnings for S&P 500 companies are strong, with 82% exceeding forecasts, while the market anticipates a 70% chance of a -25 basis point rate cut at the upcoming FOMC meeting, influenced by recent labor market data.