Rentokil Initial PLC

Rentokil Initial Plc engages in the provision of business support services. Its products and services protect people from the pest-borne disease and the risks of poor hygiene. It operates through the following geographical segments: France, Benelux, Germany, Southern Europe, and Latin America. The firm focuses on route-based services, predominately in pest control and hygiene as well as other smaller services including plants, medical, property care. The company was founded by Harold Maxwell-Lefroy in 1925 and is headquartered in Camberley, the United Kingdom.

Earnings data Q2 2024

Rentokil Initial Plc engages in the provision of business support services. The firm's products and services protect people from pest-borne disease and the risks of poor hygiene. It operates through the following geographical segments: North America, Europe, UK and Sub-Saharan Africa, Asia and MENAT, and Pacific. The company was founded by Harold Maxwell-Lefroy on September 24, 1924 and is headquartered in Crawley, the United Kingdom.

In the midst of integrating its substantial Terminix acquisition, Rentokil delivered a disappointing update. The company appears to be lagging far behind its leading peer's growth rates.

Why Shares of Rentokil Plummeted Today

Rentokil Initial (RTO) shares traded in the U.S. cratered Wednesday after the pest-control company warned that slow sales in North America and negative currency impacts will drag down full-year earnings by 80 million pounds ($104.5 million).

Rentokil Stock Tumbles on Profit Warning

U.S. stocks traded mostly lower midway through trading, with the S&P 500 falling around 0.5% on Wednesday.

Crude Oil Surges 2.5%; Rentokil Initial Shares Plunge

Rentokil Initial PLC (LSE:RTO) issued what analysts called a "material profit warning" of surprising scale on Wednesday, raising more concerns about the pest controller's US acquisition of Terminix.  The FTSE 100 group said North American organic growth is now expected to be 1% in the second half, and that group profits are now expected to be £700 million for the year due to higher costs from higher spending on sales and services teams.

Rentokil management 'should be nervous' after profit warning and activist Peltz hovering

Activist investor Nelson Peltz's Trian Partners purchased a stake in the pest-control giant in July.

Rentokil Stock Plummets. The U.S. Pest Control Market Is a Big Worry.

The British exterminator said slower sales in North America and negative currency impacts would see its full-year profits drop compared to last year, to sums of around £700 million

Rentokil shares plunge as cockroach killer warns of $105 million hit to U.S. arm

Rentokil Initial PLC (LSE:RTO) warned that sales in North America in the past two months were lower than expected, with profits likely to be hit by higher costs and currency headwinds. Organic revenue growth from the US and Canadian operations is now expected to be around 1% in the second half of the year, down from 2.8% in the first half.

Rentokil warns of lower sales and profits from North America in second half

Rentokil Initial plc (NYSE:RTO ) Q2 2024 Results Conference Call July 25, 2024 4:15 AM ET Company Participants Andrew Ransom - Chief Executive Officer Stuart Ingall-Tombs - Chief Financial Officer Bradley Paulsen - CEO of North America & Member of Management Board Conference Call Participants Suhasini Varanasi - Goldman Sachs Annelies Vermeulen - Morgan Stanley Allen Wells - Jefferies Simona Sarli - Bank of America James Beard - Deutsche Bank Christopher Bamberry - Peel Hunt Nicole Manion - UBS Sylvia Barker - JPMorgan James Rosenthal - Barclays Andrew Ransom Well, good morning, ladies and gentlemen. In a few moments, Stuart is going to provide you with details of our good overall performance in the first half of 2024.

Rentokil Initial plc (RTO) Q2 2024 Earnings Call Transcript

Rentokil Initial PLC (LSE:RTO) is one of the big fallers after its interim results showed progress in North America, a key area of investor concern after it caused last year's profit warning, but management trimmed profit guidance due to extra investment.  Revenue for the pest controller rose 1.3% to £2.7 billion or 4% if currency swings are excluded, of which 2.8% was organic.

Rentokil Initial crawls lower after guiding to low-end US growth

Rentokil Initial's shares soared 12% on Monday after a media report said that former BT Group boss Philip Jansen was working on a private equity-backed takeover bid for the British pest control firm.

Rentokil's shares soar on report of ex-BT chief looking to buy firm

Rentokil Initial PLC (LSE:RTO) shares surged 13% higher on Monday morning after weekend reports that it might be a takeover target.  The royal rat-catcher was reported to be a target for former BT boss Philip Jansen (pictured), who the Sunday Times said is plotting a takeover with the help of private equity firms.

Rentokil Initial surges on reports of private equity takeover interest

SGS SA

Investors interested in stocks from the Business - Services sector have probably already heard of Rentokil Initial PLC (RTO) and SGS SA (SGSOY). But which of these two companies is the best option for those looking for undervalued stocks?

RTO or SGSOY: Which Is the Better Value Stock Right Now?

UL Solutions Inc

Investors with an interest in Business - Services stocks have likely encountered both Rentokil Initial PLC (RTO) and UL Solutions Inc. (ULS). But which of these two stocks is more attractive to value investors?

RTO vs. ULS: Which Stock Is the Better Value Option?

Fans can enter for a chance to win tickets to a USL Championship or League One Match MEMPHIS, Tenn. , July 3, 2024 /PRNewswire/ -- Terminix®, a Rentokil Terminix company, is thrilled to announce an exciting national ticket giveaway for fans of USL Championship and League One soccer.

Terminix Announces National United Soccer League Ticket Giveaway

Rentokil Initial PLC (LSE:RTO) is no longer on UBS's sell list, which has said it is easing up on its negative view of the acquisition of US group Terminix. “We have been Sell-rated on Rentokil throughout the entirety of the Terminix integration, and continue to see risks to achieving mid-term targets as the NA Pest business transitions towards an unproven 'large branch' model.

Rentokil finally off UBS's 'sell' list

Investors interested in Business - Services stocks are likely familiar with Rentokil Initial PLC (RTO) and UL Solutions Inc. (ULS). But which of these two stocks presents investors with the better value opportunity right now?

RTO or ULS: Which Is the Better Value Stock Right Now?

Rentokil Initial PLC (LSE:RTO) was one of the top FTSE 100 risers in early trading, up 1.8%, after RBC Capital Markets summed up the situation as the pest control group continues with the integration of Terminix (TMX), its major North American acquisition from late 2022.  The shares have been "very volatile", analysts at the London arm of the Canadian bank said, after the company issued a profit warning last autumn due to softer US trading.

Rentokil offers upside potential as US growth accelerates - broker

Activist Trian has amassed a sizable stake in Rentokil, and there are a few options to create value.

Nelson Peltz's Trian has a stake in Rentokil. Here's how the activist might boost shareholder value

Rentokil Initial's stagnant stock got a 14% fillip from activist investor Nelson Peltz's investment a few days ago. The investment comes at a time when it has a growth plan in place for its important North American market, while it continues integration with Terminix post the 2022 acquisition. Even if it weren't to see any fruits from either Peltz's investment, its growth plan, or integration, however, the stock's forward non-GAAP P/E still isn't bad, indicating the potential upside.

Rentokil Initial: Trian's Investment Adds To Growth Initiative (Rating Upgrade)

Rentokil's recovery might be fast-tracked following the appearance on the share register of US billionaire Nelson Peltz, suggest analysts at US bank Jefferies. The bank was already keen on the pest control group due to earnings upside from synergies and the underlying earnings power of the combined Rentokil/Terminix business, improving momentum and material valuation upside as integration risk falls.

Rentokil recovery can be accelerated by Peltz interest, suggests US bank

Rentokil Initial (LON: RTO) share price went parabolic on Wednesday as the company entered a new phase as Elliot Management became one of its biggest investors. The stock soared by more than 13% and reached its highest swing since March 15th.

Rentokil Initial share price went parabolic: now what?

American depositary receipts (ADRs) of Rentokil Initial Plc (RTO) skyrocketed Wednesday when activist investor Nelson Peltz's Trian Partners took a large stake in the British pest control firm that also owns the Terminix brand in the U.S. and others.

Activist Investor Nelson Peltz Takes 'Significant Stake' in Rentokil

Casey's General Stores

Avidity Biosciences

U.S. stocks were higher, with the Nasdaq Composite gaining over 250 points on Wednesday.

Casey's Reports Upbeat Earnings, Joins Avidity Biosciences, Rentokil Initial And Other Big Stocks Moving Higher On Wednesday

Rentokil Initial shares surged by up to 16% on Wednesday as Nelson Peltz' activist hedge fund Trian Partners confirmed it had acquired a “significant position” in the British pest control company.

Nelson Peltz's activist fund Trian Partners takes ‘significant position' in U.K. pest control firm Rentokil

Nelson Peltz may be still rueing from his failed attempt to acquire a seat on the Mickey Mouse creator's board as he has switched his attention to pest control. Rentokil Initial PLC (LSE:RTO) is doing a large portion of the lifting for the FTSE 100 this morning after it was revealed the billionaire fund manager and activist investor had developed a stake in the company.

News for Rentokil Initial PLC Stock (RTO)