Pest Index Increased 12 Percent YOY in October

The total U.S. William Blair/PCO Bookkeepers & M&A Specialists Pest Index increased 12 percent year-over-year in October 2024, accelerating from the 9 percent result in September. The October results are above the long-term average pest index growth rate of 10 percent.

“After normalizing for one extra workday in October, index performance was consistent with September and is essentially in line with the long-term historical average,” said William Blair Equity Researcher Tim Mulrooney. “On a sequential basis, the index increased 4 percent from September, which is strong relative to normal seasonal trends.”

Dan Gordon, managing member of PCO Bookkeepers & M&A Specialists, adds, “This is great news for the industry. While over the past year or so our feeling that the revenue increases related to price increases to keep pace with inflation, it appears that as inflation is reverting back to the mean the industry increases seem to be real dollars.”

The month’s results by segment include:  

• The Residential Pest Index increased 12 percent year-over-year.
• The Commercial Pest Index increased 15 percent year-over-year.
• The Termite Index increased 11 percent year-over year.
• The Bed Bug Index increased 9 percent year-over-year.
• The Mosquito Index increased 8 percent year-over-year.