Plumbing Industry News and Trends / Latest News / HVAC / Operations & Technology

Ferguson reports 8% growth in first half of 2013

Leading plumbing and heating product distributor Ferguson and its parent company,  Wolseley, recently announced an 8.3% sales growth for the first half of its 2013 fiscal year. The growth includes price inflation of approximately 1%. Trading profit is 29% ahead of 2012.

“We are proud to celebrate our 60th anniversary this year with solid growth and a diversified business strategy that allows us to invest in our associates and the future of the company,” said Ferguson CEO Frank Roach.

Ferguson completed two major acquisitions in the first half of 2013. New York City-based Davis & Warshow is now a Blended Branch (locations which serve both residential and commercial customers) business and Chicago-based Power Equipment Direct is a business-to-customer (B2C) company selling generators and power tools. Those acquisitions accounted for 2.4% of revenue growth in the period.

The company’s repair, maintenance and improvement segment remained strong as the new construction recovered. Blended Branches, Waterworks and B2C each gained market share. Ferguson’s continued focus on gross margins helped for good profit flow through and the company grew revenues in the HVAC, Waterworks and Industrial businesses.

 


HELPFUL LINKS:

Source: Ferguson

Did you enjoy this article? Click here to subscribe to Supply House Times. Stay connected with us via social media.

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

BNP Media's Plumbing Group Visits Grundfos North American Headquarters

BNP Media’s Plumbing Group, comprised of the Plumbing & Mechanical, Supply House Times, PM Engineer (pme) and Reeves Journal brands, recently visited Grundfos’ new North American headquarters building in the western Chicago suburb of Downers Grove, Ill.

3/19/15 2:00 pm EST

The Juggling Act of Specifications

Learn how to "juggle" the different variables when speccing a project with tips from this webinar. Gain knowledge in how specifications work, how it's maintained, how it can be better, easier and simpler. 

Supply House Times

cover

2014 January

SHT's packed January issue incdues the cover story: M&L Supply is rich in heritage and customer service; features:  Industry optimism continues to rise heading into the 2015 AHR Expo, and Distributors discuss top industry issues: Part 2; and so much more!

 

Table Of Contents Subscribe

Where do you look for new employees?

Where do you look for new employees?
View Results Poll Archive

The Supply House Times Store

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

CS-OflRGBhomepage.jpgWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

facebook Twitter Updated icon Youtube Updated icon    LinkedIn Updated icon  Google+

Premier 125

Premier 125 button

The information SUPPLY HOUSE TIMES uses to rank the Premier 125 is the most accurate we can gather. It is primarily based on responses to a questionnaire we send to the wholesalers in our database, supplemented with information obtained from industry reports and estimates.