Finance
Rentokil posts 3% organic revenue growth in Q4 as US growth quickens
Published by Global Banking & Finance Review®
Posted on January 28, 2025
2 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 28, 2025
2 min readLast updated: January 27, 2026
Rentokil Initial's Q4 organic revenue grew by 3%, driven by North America's faster growth. CEO changes announced amid ongoing integration of Terminix.
(Reuters) - British pest control firm Rentokil Initial said on Tuesday its organic revenue grew 3% in the fourth quarter, led by faster growth in North America compared to the previous quarter, as moves to overhaul its business began to pay off.
Shares in the FTSE 100 company rose 4% in early trading, with analysts at Stifel calling the company's performance "robust".
Rentokil also said its North America CEO Brad Paulsen will step down after two years in the role, to pursue another job in a U.S.-listed company in the building materials sector.
He will be replaced by Chief Commercial Officer Alain Moffroid on an interim basis.
Analysts at Jefferies said the change in the U.S. management was a blow to the company's North America business, whose underperformance Rentokil is still trying to fix after multiple warnings last year.
Rentokil CEO Andy Ransom had overhauled the management of the North America business in October after expressing disappointment on the execution of the groups' strategy.
Rentokil, which turns 100 years old this year, said its integration was continuing as planned after its $6.7 billion acquisition of Terminix in 2021 made it the largest player in the U.S. pest control market.
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Janane Venkatraman and Sonia Cheema)
The article discusses Rentokil Initial's 3% organic revenue growth in Q4, driven by North American market expansion.
Brad Paulsen is stepping down as North America CEO to join a U.S.-listed company in the building materials sector.
Rentokil acquired Terminix for $6.7 billion in 2021, becoming the largest player in the U.S. pest control market.
Explore more articles in the Finance category
