The total William Blair/PCO M&A Specialists Pest Index, a proprietary compilation of the monthly sales for 146 different U.S. pest control companies across 38 states, increased 8 percent year-over-year in June 2024, compared with 10 percent growth in May and 12 percent growth in April.
“The pest index decelerated for a second consecutive month, primarily driven by a slowdown in the residential pest and termite indices,” said 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 added. According to Rollins management, having two fewer working days in June had a “significant impact” on quarterly results.
“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,” shared Dan Gordon, CPA, Pest Management Professional’s financial columnist and a partner in PCO Bookkeepers & M&A Specialists.
The month’s results by segment include:
- Residential Pest Index increased 8 percent year-over-year.
- Commercial Pest Index increased 11 percent year-over-year.
- Termite Index increased 4 percent year-over year.
- Bed Bug Index increased 10 percent year-over-year.
- Mosquito Index increased 19 percent year-over-year.
About the William Blair/PCO Bookkeepers & M&A Specialists Pest Index
The William Blair/PCO Bookkeepers & M&A Specialists Pest Index tracks the monthly performance of 146 privately held pest control companies across 38 states with combined annual 2023 revenue of $515 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.
<p>The post Pest control industry sales decelerate for a second consecutive month, Pest Index shows first appeared on Pest Management Professional.</p>
from Pest Management Professional https://www.mypmp.net/2024/08/04/pest-control-industry-sales-decelerate-for-a-second-consecutive-month-pest-index-shows/
Sacramento CA
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