Pest Index Increased 12 Percent YOY in January 2024

The total U.S. William Blair/PCO Bookkeepers & M&A Specialists Pest Index increased 12 percent year-over-year in January 2024, a slight uptick from 11 percent growth in December and 10 percent growth in November. The long-term historical growth rate of the total pest index is 11 percent.

“January’s results indicate continued healthy growth across the U.S. structural pest control market,” says William Blair Equity Researcher Tim Mulrooney. “Our model currently projects 6 percent organic growth at Rollins in the fiscal first quarter, down slightly from 7 percent in the fourth quarter. Rollins management has called for another strong year of organic growth in 2024, supported by pricing of 3 percent to 4 percent and continued strength in residential recurring revenue.”

Dan Gordon, managing member of PCO Bookkeepers & M&A Specialists, said “While the broader economy seems to be much more difficult to project, the pest industry seems to be consistent in its growth, making it a very attractive place to be.”

The January results by segment include:

• The Residential Pest Index increased 13 percent year-over-year.
• The Commercial Pest Index increased 15 percent year-over-year.
• The Termite Index increased six percent year-over-year.
• The Bed Bug Index increased one percent year-over-year.
• The Mosquito Index increased three percent year-over-year.

View the full report and the archive of past reports at SellMyPCOBusiness.com.