Ferguson plc’s Q3 Sales Up 10% - Modern Distribution Management

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Ferguson plc’s Q3 Sales Up 10%

Groups fiscal third-quarter results show continued strength in U.S. markets.

UK-based Ferguson plc, formerly Wolseley plc, reported sales of $5.08 billion for its fiscal third quarter, ended April 30, 2018, a 10 percent increase over the third quarter of 2017. Ongoing trading profit of $356 million was 17 percent ahead of last year, the company said

In the United States, business grew revenue nearly 11 percent organically, to $4.1 billion. Ferguson said U.S. market growth continued to be good, with residential demand supporting broad-based growth across all regions. Commercial markets also remained good and industrial markets continued to recover strongly, the company said.

Organic growth fell 11 percent in the United Kingdom, to $629 million, while growth in Canada and Central Europe was up 9 percent, to $342 million.

For the first nine months of its fiscal year, Ferguson’s group sales were up nearly 9 percent, to $15.1 billion.


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