Ferguson’s 4Q results show a slight sales increase and improved margins, but a full-year decline as the company expects modest 2025 growth.
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Ferguson closed on 10 acquisitions in its 2024 fiscal year that ended July 31.
It completes a years-long corporate transition for the distributor of plumbing, HVACR, PVF and industrial supplies.
It will become Ferguson’s first shipping hub to service the New England region.
Ferguson said weakness in certain commodity categories persisted in the quarter, driving overall price deflation of about 2%.
Plumbing supplies distributor Ferguson's eight acquisitions in this fiscal year have an aggregate annualized revenue of $350 million.
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The plumbing and HVACR distribution giant also updated its plans to ‘domicile’ its ultimate parent company in the U.S. to reflect operations and leadership.
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These acquisitions by distribution giant Ferguson have an aggregate annualized revenue of approximately $220 million.
Modest year-over-year increases in the previous quarter moved to declines in the company's 2024 first quarter, including a 4.9% organic revenue decline year-over-year.
Serving the southwest Washington and Portland markets, it joins 13 other Ferguson DCs in the U.S.
Ferguson locations nationwide have joined Trimble's digital pricing and procurement network to further digitize the construction supply chain.
Domestic M&A activity across all industries was down again, continuing a sequential downward trend that started during the last three months of 2021.
Industrial supplies distributor Ferguson held absolute emissions steady against its increasing revenue in fiscal year 2023.
MDM's September content eyed what a leading distributor looks like in 2030; equipment leasing vs. purchasing considerations; and a deep dive on Ferguson's market positioning.
The agreement could generate the power equivalent to the annual electricity needs of more than 34,000 average U.S. homes.
