William Blair – Pest Control Buzz

April 2024 Summary:

The total U.S. pest control index increased 12% year-over-year in April, compared with 8% growth in March and 14% growth in February. April’s results are slightly above the long-term historical growth rate of 11%.

The pest index rebounded in April. The residential and commercial pest indices accelerated slightly during the month, but most of the outperformance was driven by the smaller indices, including termite, bed bug, and mosquito; all of which rebounded materially in April. Much of this acceleration was driven by the termite index, which increased 10% year-over-year in April, up from flat year-over-year performance in March. Although March was weaker than expected, the data suggests that termite-related service revenue caught up in April.

April’s reading coincides with recent commentary from the large publicly traded companies, including Rollins (ROL $46.16; Outperform), which noted favorable demand to start the second quarter, and Rentokil, which noted encouraging lead volumes through the first two weeks of April.

 

April 2024 Results by Segment:

The Residential Pest Index increased 12% year-over-year

The Commercial Pest Index increased 13% year-over-year

The Termite Index increased 10% year-over-year

The Bed Bug Index increased 10% year-over-year

The Mosquito Index increased 27% year-over-year

Monthly Archive: 2024

January, 2024 – Pest Index

February, 2024 – Pest Index

March, 2024 – Pest Index

April, 2024 – Pest Index

Monthly Archive: 2023

January, 2023 – Pest Index

February, 2023 – Pest Index

March, 2023 – Pest Index

April, 2023 – Pest Index

May, 2023 – Pest Index

June, 2023 – Pest Index

July, 2023 – Pest Index

August, 2023 – Pest Index

September, 2023 – Pest Index

October, 2023 – Pest Index

November, 2023 – Pest Index

December, 2023 – Pest Index

Monthly Archive: 2022

January, 2022 – Pest Index

February, 2022 – Pest Index

March, 2022 – Pest Index

April, 2022 – Pest Index

May, 2022 – Pest Index

June, 2022 – Pest Index

July, 2022 – Pest Index

August, 2022 – Pest Index

September, 2022 – Pest Index

October, 2022 – Pest Index

November, 2022 – Pest Index

December, 2022 – Pest Index

Monthly Archive: 2021

January, 2021 – Pest Index

February, 2021 – Pest Index

March, 2021 – Pest Index

April, 2021 – Pest Index

May, 2021 – Pest Index

June, 2021 – Pest Index

July, 2021 – Pest Index

August, 2021 – Pest Index

September, 2021 – Pest Index

October, 2021 – Pest Index

November, 2021 – Pest Index

December, 2021 – Pest Index

Monthly Archive: 2020

August, 2020 – Pest Index

September, 2020 – Pest Index

October, 2020 – Pest Index

November, 2020 – Pest Index

December, 2020 – Pest Index

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