Reading, UK-based Wolseley plc reported group revenue rose 25.8% to $25.32 billion (U.S.) and trading profit increased 24.7% to $1.58 billion for the year ended July 31.
Its 10th consecutive year of record results was fueled by strong U.S. growth. U.S. operations accounted for 59.1% of the revenue and 60.8% of the trading profit. Revenue of Wolseley's North American division was up 36.1% to $16.1 billion, reflecting organic growth of 16.4%. Trading profit was up 41.5% to $1.08 billion.