Pest Index Up 12 Percent in July

The total U.S. William Blair/PCO Bookkeepers & M&A Specialists Pest Index increased 12 percent year-over-year in July, showing an acceleration from the softer result observed in June (6 percent). July’s results are slightly above the long-term historical average index growth rate of 11 percent.

“A sequential improvement in July was largely anticipated as temperatures rose across the country and is in line with commentary provided by Rollins and Rentokil,” said William Blair Equity Researcher Tim Mulrooney. “However, we view these results as somewhat underwhelming relative to expectations, since July 2023 was one of the warmest months in U.S. recorded history.”

Dan Gordon, managing member of PCO Bookkeepers & M&A Specialists, notes “The slowdown in June was confirmed by several chemical vendors, but they noted that sales picked up in July as expected, leading us to also conclude that June’s decrease was not the beginning of a trend.”

The June results by segment include:  

• The Residential Pest Index increased 14 percent year-over-year.
• The Commercial Pest Index increased 16 percent year-over-year.
• The Termite Index increased 5 percent year-over-year.
• The Bed Bug Index decreased 3 percent year-over-year.
• The Mosquito Index increased 6 percent year-over-year.

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