The company added $780 million in combined revenue from acquisitions during its fiscal 2023, which ended July 31. Find a recap of the distribution giant's financials.
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The company says mentorship, education, networking and recognition reflect a 'comprehensive strategy for integrating more women into the industry.'
MDM reported on 40 mergers and acquisitions among industrial distributors and manufacturers in August, the most since April.
The additions for the plumbing and industrial supplies distribution giant are across three different industries.
The sales decline was within expectations, according to Ferguson.
Private equity firm Starwood Capital Group also invested in the homebuilding platform.
The deceleration was expected after Ferguson posted 16.6% year-over-year sales growth in 1Q.
Mergers and acquisitions among industrial distributors and manufacturers rebounded in December after slowing down in the latter half of November.
The Plumbing, HVAC and industrial products giant reported fiscal 1Q sales of roughly $7.9 billion, compared with $6.8. billion a year prior.
The industrial distributor says the deal will expand its HVAC presence in the Pacific Northwest.
In the weeks and months leading up to MDM's SHIFT conference, podcast guests spoke on a variety of topics, with transformative strategies and evolving roles among the most discussed.
The world’s largest plumbing products distributor saw 21.4% growth in the May-July period.
The partnership places an F550 Fuel Cell Prototype Chassis Work Truck in service with Ferguson’s daily fleet operations for six months.
In a new MDM Podcast, Ferguson's Denise Vaughn talks about how the company conducts operations with a lighter footprint while creating positive impact for its stakeholders.
The company reported gross margin of 30.3% and an operating profit of $712 million, which was a 36.9% increase over 2021’s fiscal 3Q.
CEO Kevin Murphy said the listing structure is now ‘fully aligned with our operations and location of our team.’
The company reported $6.5 billion in sales for the quarter ending Jan. 31, as core strengths drove market share gains in supportive end markets.
Year-end reports of publicly traded distributors support Q4 Baird-MDM Quarterly Industrial Distribution Survey results. Public company commentary remains optimistic for strong year.
Distributors are scrambling to reinforce bench strength as market conditions look good. Here’s what Fastenal, Ferguson, Avnet and others are sharing with MDM on how they’re adapting.
The ups and downs of COVID-19 made distributors re-think how they use technology to connect with customers; that’s likely to accelerate in 2022.
