What podcasts say about Ryan Henderson
Every statement, with the speaker, the exact quote and the moment it was said.
What Ryan Henderson has said on podcasts
24 statements · 17 positive · 6 negative · 1 neutral
Rollins shares fell 50% over approximately six months.
“Rollins is, in the span of about six months, shares have dropped 50%.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 3:19
Rollins has experienced its largest modern-era drawdown.
“For modern Rollins, this is the biggest drawdown ever.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 3:38
Rollins operates about 60 brands and is North America’s largest pest-control provider.
“Today, the business has, I think, 60 different brands all across the US and Canada, and they are the largest pest control. provider in North America.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 14:57
North America’s pest-control industry generates approximately $30 billion annually.
“The North American pest control industry generates an estimated $30 billion per year in revenue.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 16:19
Pest-control businesses have low barriers to entry.
“It is not hard to start a business like this. Get a license, buy a truck, buy the chemicals. go knock on doors.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 17:03
Commercial pest control is essential and highly resilient during recessions.
“So it's an absolute must-have in order to just continue operating. So the demand is very, very resilient. It's about as recession-proof of an industry as you can find.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 20:26
Rollins increased revenue annually for 25 consecutive years, including major downturns.
“Rollins specifically has grown revenue for 25 years straight, including right through the dot-com bust, right through the 2008 financial crisis and the COVID pandemic.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 20:36
Recurring contracts account for approximately 80% of Rollins’ business.
“So I think 80% today is basically recurring contracts.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 21:28
Labor represents approximately 40% of Rollins’ revenue.
“So labor in total is probably about 40% of revenue.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 25:03
Rollins has approximately 52% gross margins.
“But yeah, it comes out to about 52% gross margin.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 25:41
Rollins generates approximately 19% operating margins.
“All in all, those expenses account for 30% of revenue. So bottom line, you're getting about 19% operating margins.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 28:11
Rollins’ operating margins can grow steadily.
“Yeah, I think margins can grow steadily.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 28:46
Rollins has an enormous acquisition runway.
“Yeah, the runway is enormous.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 30:20
Scaled pest-control companies have weaker competitive advantages than scaled firms in some industries.
“I don't think pest control, like the scaled player in pest control does not have the same level of competitive advantages that scaled players in other industries do.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 36:17
Rollins’ Q2 organic revenue growth declined because residential customer growth slowed.
“Q2 showed a drop in organic revenue growth specifically due to slower new customer growth in residential channels.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 44:08
Existing recurring contracts comprise 80% of Rollins’ business.
“80% of the business is recurring contracts that already exist.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 49:30
Rollins remains competitive in AI-agent-mediated purchasing.
“They're just as competitive in an agentic. buying process”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 49:51
Rollins could achieve 8%–10% revenue growth and low-teens earnings growth.
“So I would say 10% annual revenue growth, maybe 9%, maybe even 8%. Like it could be a little bit lower, 8 to 10, let's call it. Low teens earnings growth.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 53:43
Rollins could reach $6.6 billion revenue and $1.4 billion operating income by 2031.
“But let's just go back to the napkin math. I did 10% revenue growth, 13% earnings growth. You get to $6.6 billion in revenue in 2031 and $1.4 billion in operating income.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 54:01
Rollins’ business is unlikely to stop growing after 25 years of annual revenue growth.
“I don't see what would truly stop this business from growing. They have grown revenue every single year for 25 years.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 55:49
Rollins offers an exceptionally high floor for gradual portfolio growth.
“If I just wanted gradual growth for my portfolio. and I'm not looking to hit home runs, this is, I think, an incredibly high floor.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 58:16
Ryan prefers Rollins at a 4.3% free-cash-flow yield and 10% growth over 5% bonds.
“I would rather buy this, which trades at a 4.3% free cash flow yield, and it's growing 10% a year, than bonds at 5%.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 58:31
Rollins will deliver solid returns over the next decade.
“These things are going to crush it over the next decade, or at least they will. You are going to get solid returns.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 59:53
Rollins will not be significantly affected by AI developments.
“These are such boring physical businesses that are not going to be that impacted, realistically.”
Open the episode · Exterminating the Premium: Is Rollins (NYSE: ROL) Finally a Buy? - Full AnalysisListen at 1:00:02
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.