Ferguson plc, parent company of U.S.-based Ferguson Enterprises, recently announced its financial results for the first half of the 2019 fiscal year, which runs Aug. 1 through July 31.
In the U.S., Ferguson reported overall growth of 12.2% (12.9% for sales per working day), including 3.2% from acquisitions. Ferguson noted it outperformed the market in all of the industries it serves. Ferguson’s blended branches (locations serving both residential and commercial customers), waterworks, industrial and HVAC businesses all experienced strong growth. Trading profit was 8.2% ahead of last year.