William Blair – Pest Control Buzz

December 2023 Summary:

The total U.S. pest control index increased 11% year-over-year in December. This is essentially in line with the average growth rate observed over the last three months (up 10% in November, 12% in October, and 9% in September). This is also in line with the long-term historical growth rate of the total pest index of 11%, showing continued normalization after two years of above-average growth in 2021 and 2022.

The total pest index increased 11% in the fourth quarter of 2023, the same result as the third quarter of 2023. There is no change to our model at this time. Our model currently projects Rollins organic growth of 8% in the fourth quarter, in line with the third quarter. This is above Rentokil, which reported third-quarter organic growth of 2.3% in North America (2.7% excluding product sales).

 

December 2023 Results by Segment:

The Residential Pest Index increased 14% year-over-year

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

The Termite Index increased 2% year-over-year

The Bed Bug Index decreased 1% year-over-year

The Mosquito Index decreased 2% year-over-year

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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