In a recent presentation to analysts on preliminary year-end results, Wolseley plc, parent to Ferguson and Stock Building Supply, says its diversified portfolio should protect it against the downturn in U.S. housing and allow for further growth. Still, Stock may suffer in the coming year due to its dependency on new residential housing and commodity lumber.
UK-based global distributor Wolseley plc expects strength in U.S. industrial, commercial and RMI (Repair, Maintenance and Improvement) sectors to offset the slowing housing markets in the coming year, enabling its U.S. business to stay on track.
Plumbing and heating distributor Ferguson sales jumped 35.1 percent to $9.65 billion in the fiscal 2006, and profit was up 40.4 percent to $676 million. Organic ...
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In a recent presentation to analysts on preliminary year-end results, Wolseley plc, parent to Ferguson and Stock Building Supply, says its diversified portfolio should protect it against the downturn in U.S. housing and allow for further growth. Still, Stock may suffer in the coming year due to its dependency on new residential housing and commodity lumber.
UK-based global distributor Wolseley plc expects strength in U.S. industrial, commercial and RMI (Repair, Maintenance and Improvement) sectors to offset the slowing housing markets in the coming year, enabling its U.S. business to stay on track.
Plumbing and heating distributor Ferguson sales jumped 35.1 percent to $9.65 billion in the fiscal 2006, and profit was up 40.4 percent to $676 million. Organic ...
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