The William Blair/PCO M&A Specialists Pest Index is a proprietary index of the monthly sales for 140 different U.S. pest control companies across 30 states. For December 2021, the total U.S. pest index increased 16.4 percent year-over-year.
Per a news release, this marks a deceleration from November but is in line with the midteens growth observed throughout much of second half 2021. On a sequential basis from November 2021 to December 2021, the index decreased 5.3 percent, which is a typical result for the month of December.
“The performance in December was driven by an acceleration in the commercial index, offset by a deceleration across the three other sub-indices (residential, termite, and bed bug),” said William Blair Equity Researcher Tim Mulrooney.
The Residential Pest Index increased 18 percent year-over-year and declined 6 percent on a sequential basis. The Commercial Pest Index increased 19 percent year-over-year and increased 1 percent on a sequential basis. The Wood Destroying (Termite) Index increased 8 percent year-over-year and declined 13 percent on a sequential basis. The Bed Bug Index increased 11 percent year-over-year and declined 5 percent on a sequential basis.
The December report continued to show the total monthly Pest Index and sub-indices highly correlated with the organic revenue figures for Rollins and Terminix.
“The Pest Index and Rollins/Terminix are in lockstep,” said Dan Gordon, CPA, managing member of PCO M&A Specialists and PCO Bookkeepers, noting the monthly Pest Index comes out ahead of the public companies’ quarterly reports. Gordon is also Pest Management Professional magazine’s financial columnist. “The index is a good proxy for how the industry is doing and how the public companies will do.”
View the full December report and the archive of past reports at SellMyPCOBusiness.com.
The post Index: Industry up 16.4 percent over December 2021 appeared first on Pest Management Professional.
from Pest Management Professional https://www.mypmp.net/2022/01/31/index-industry-up-16-4-percent-over-december-2021/
Sacramento CA
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