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. The long-term historical growth rate is 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.
###
The William Blair/PCO Bookkeepers & M&A Specialists Pest Index tracks the monthly performance of 142 privately held pest control companies across 38 states with combined annual 2023 revenue of $489 million. The purpose of the report is to track the monthly performance of several different U.S. pest markets. It does not include residential door-to-door companies. Learn more.
