Rentokil should enjoy improving organic trends in North America pest control business - broker
Shares in Rentokil Initial PLC (LSE:RTO) were given a short-lived boost by analysts at Deutsche Bank on Monday, who wondered if there might be improving organic trends in Rentokil's North America pest control business. The analysts, which nudged up their target price to 435p from 425p and reiterated their 'buy' rating, said this was based on analysis of several market indicators, including weather, employment and Google Trends in the US.
Rentokil May Soon Exterminate Its Growth Problems In The U.S.
I see rising recession risks, so I'm seeking resilient stocks; Rentokil's essential services make it recession- and tariff-resistant. The Company's global reach, strong business model, and integration of Terminix position it for long-term growth, despite recent struggles with profit growth. RTO stock trades below historical valuation metrics, with improved debt levels and a stable outlook, offering a compelling entry point.
Rentokil rises after selling off French workwear business
Shares in Rentokil Initial PLC (LSE:RTO) were among the picks of the FTSE 100 in a quiet Wednesday morning, rising 1.6% on the pest control company striking a deal to offload its French workwear business for up to an expected €370 million (£274m) of cash proceeds. The buyer is US-based investment firm HIG Capital, which has signed a binding put option to obtain the workwear, flat linen and clean room business in France for a gross enterprise value of roughly €410 million on a cash and debt-free basis.
Rentokil Initial to Sell Workwear Business in France to H.I.G. Capital for $464 Million
The sale to H.I.G. Capital is part of Rentokil Initial's strategy to focus on its core areas.
Rentokil Initial slips as underperformance of US business flagged
Rentokil Initial PLC (LSE:RTO) shares fell 1.6% as investors read across to results from US rival Rollins Inc (NYSE:ROL) overnight, which continues to put the UK company's struggling North American business in the shade. Analysts at Peel Hunt points out that Rollins, the second-largest pest control business in the US and globally, reported a 7.4% organic revenue growth for the first quarter.
Rentokil Initial plc (RTO) Q1 2025 Trading Update Call (Transcript)
Rentokil Initial plc (NYSE:RTO ) Q1 2025 Trading Update Call April 17, 2025 4:00 AM ET Company Participants Andy Ransom - CEO Paul Edgecliffe-Johnson - CFO Conference Call Participants Suhasini Varanasi - Goldman Sachs Annelies Vermeulen - Morgan Stanley James Beard - Deutsche Bank Andy Grobler - BNP Paribas Nicole Manion - UBS Operator Good morning, ladies and gentlemen, and welcome to our conference call for Rentokil Initial's First Quarter Trading Update. Let me hand it over to CEO, Andy Ransom.
Rentokil flags sluggish North American start but holds firm on long-term outlook
Rentokil Initial PLC (LSE:RTO) said its North American business had a soft start to the year, with organic revenue growth of just 0.7% in the first quarter. The pest control group blamed weak lead generation and lower contract sales, particularly across its residential and commercial segments.
Rentokil: Industry Tailwinds, A Turnaround, And A High Caliber Activist Investor
The pest control industry is attractive due to its capital-light, non-cyclical nature, providing relatively predictable revenue streams. This feature is being enhanced through greater sales through subscriptions and long-term contracts. Meanwhile, the industry benefits from a growth tailwind due to greater urbanisation, a regulatory push on commercial customers, and global warming potentially increasing insect populations. Rentokil's stock has declined over 50% from its peak price. We believe this is attributed primarily from challenges in integrating the Terminix acquisition. We believe this is a fixable problem.
Rentokil Initial plc (RTO) Q4 2024 Earnings Call Transcript
Rentokil Initial plc (NYSE:RTO ) Q4 2024 Earnings Conference Call March 6, 2025 4:15 AM ET Company Participants Andrew Ransom - Chief Executive Officer Paul Edgecliffe-Johnson - Chief Financial Officer Conference Call Participants Simona Sarli - Bank of America Annelies Vermeulen - Morgan Stanley Suhasini Varanasi - Goldman Sachs Group, Inc. Christopher Bamberry - Peel Hunt LLP Sylvia Barker - JPMorgan Chase & Co. James Beard - Deutsche Bank AG Ollie Davies - Redburn Atlantic Allen Wells - Jefferies James Rosenthal - Barclays Bank Andrew Grobler - BNP Paribas Exane Nicole Manion - UBS Andrew Ransom Good morning, everyone. So here's a quick look at today's agenda.
Rentokil risks remain but clarity on merger issues a positive - analysts
Rentokil Initial PLC gave investors little to cheer about on Thursday with largely expected news that profit tumbled last year on challenges within its North American. Shares dropped 4.4% in the wake of the update, which showed statutory pre-tax profit down 17.9% at £405 million.
Rentokil profit tumbles in ‘challenging' year
Rentokil Initial PLC has firmed up a drop in profit after a “challenging” year on struggles within its North American business. Statutory pre-tax profit dropped 17.9% to £405 million in the year to December 31, as revenue climbed 1.1% to £5.44 billion, the pest-control business said on Thursday.
Rentokil US boss to depart after in-line year
Rentokil Initial PLC has announced the departure of its North American chief executive and said trading matched expectations last year. Brad Paulsen will step down in April and be replaced by chief commercial officer Alain Moffroid on an interim basis, the pest control firm said Tuesday.
