Nov. 28, 2007 ― Ferguson's Financials Show Organic Growth Down
Wolseley reported its North American revenues
down almost 10 percent in the quarter ended Oct. 31. However, Ferguson
continued to gain market share.
"Ferguson
continued to gain market share and its financial results benefited from the
commercial and industrial sector that continues to grow and accounts for over
60 percent of its revenue," stated a Wolseley spokesperson. "However,
Ferguson was affected by the weakening new residential market and a slowing RMI
market."