Pest Index Up 13 Percent in December

 

“In 2022, the total pest index has increased 15 percent year-over-year. This is the same result as 2021 (up 15 percent); however, we estimate pricing represented approximately two-thirds of the growth in 2022, versus approximately one-third of the growth in 2021,” says William Blair Equity Researcher Tim Mulrooney. 

 

“In 2022, the total pest index has increased 15 percent year-over-year. This is the same result as 2021 (up 15 percent); however, we estimate price increases represented approximately two-thirds of the growth in 2022, versus approximately one-third of the growth in 2021,” says William Blair Equity Researcher Tim Mulrooney. 

 

Dan Gordon of PCO Bookkeepers & M&A Specialists adds, “Our industry, like the economy in general, has been negatively impacted by inflation, but our customers have readily accepted price increases, showing very little resistance.”

 

The December result was primarily due to an acceleration in the residential pest and commercial pest indices: 

 

• The Residential Pest Index increased 17 percent year-over-year.

• The Commercial Pest Index increased 15 percent year-over-year.

• The Termite Index increased 2% year-over-year.