Ferguson increased its revenue more than 10%, ending the year with sales of $11.6 billion, up from $10.6 billion last year. The company was 8% ahead of last year on a like-for-like basis, which measures growth of Ferguson’s existing stores or branches that have been open for at least one year.

As well, trading profits were ahead 16% over last year. Ferguson’s trading margin reached a record-high of 7.7%.

“We had a wonderful performance this past year,” Ferguson CEO Frank Roach said. “Our associates did it again through their hard work, dedication and focus. You can have great plans and a great execution template, but if you don’t have the right people that can drive this kind of performance, it’s not possible.”