Wolseley Revenues Up 26% in First Half of Year
Wolseley plc, London, group revenues increased more than 26% to $11.85 billion with trading profit up nearly 22% to $677.5 million, with the U.S. accounting for 59.3% of the revenues and 61.7% of the trading profit. The Group saw organic growth of 12.2%.
Wolseley's North American companies performed strongly, with reported revenues up more than 40% and trading profit up 39%.
Wolseley's U.S. plumbing and heating business, Ferguson, had overall sales growth of 37.8% to $4,530.5 million and organic growth of 27%. Profit growth was 29.5%. Ferguson's total branch numbers increased by 156 during the first half to 1,097 locations.
Stock Building Supply reported revenues up 27.2% at $2.5 billion ...