Pest Index Increased 8 Percent YOY in June

The total U.S. William Blair/PCO Bookkeepers & M&A Specialists Pest Index increased 8 percent year-over-year in June 2024, compared with 10 percent growth in May and 12 percent growth in April. May’s results are below the long-term historical growth rate of 10 percent.

“The pest index decelerated for a second consecutive month, primarily driven by a slowdown in the residential pest and termite indices,” says William Blair Equity Researcher Tim Mulrooney. “This result was surprising, given the easy comparison with last year. June 2023 was flat on a year-over-year basis.”

The June results aligned with recent commentary from Rollins and several smaller, regional operators, he says. According to Rollins management, having two fewer working days in June had a “significant impact” on quarterly results.

Dan Gordon, managing member of PCO Bookkeepers & M&A Specialists, adds, “Having two fewer working days could definitely impact overall growth, as Rollins suggests. It will be interesting to see if Q3 moves back to the overall growth rate of 10 percent.” 

The month’s results by segment include:  

• The Residential Pest Index increased 8 percent year-over-year.
• The Commercial Pest Index increased 11 percent year-over-year.
• The Termite Index increased 4 percent year-over year.
• The Bed Bug Index increased 10 percent year-over-year.
• The Mosquito Index increased 19 percent year-over-year.

Learn more at PCOBookkeepers.com.