Ferguson Enterprises COO Kevin Murphy declared the state of the kitchen-and-bath industry is excellent, citing a projected 3.25% growth in gross domestic product, falling unemployment and an upward trend in consumer confidence in his speech Jan. 21 during Design & Construction week in Las Vegas.
In giving the National Kitchen & Bath Association State of the Industry address, Murphy followed in the footsteps of plumbing company executives such as David Lingafelter, president of Moen, and Michael Werner, CEO of Globe Union Group. Murphy alluded to Werner who said in his 2012 speech: “Our future is starting to look very bright. In fact, I project that your 2015 speaker will say the words: ‘The state of our industry is excellent.’”