We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.

logo
  • Engineers & Specifiers
  • Contractors & Installers
  • Wholesalers & Distributors
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Free Subscription
  • Sign In
  • Create Account
  • Sign Out
  • My Account
  • PRODUCTS
    • Bath & Kitchen
    • Fire Protection
    • HVAC
    • Hydronics/Radiant
    • Plumbing
    • PVF
    • Tools
  • PROJECTS
    • Commercial
    • Green Building
    • MRO/Retrofit
    • Remodeling
    • Residential
  • HOW TO
    • Design
    • Fire Protection
    • Legal Matters
    • Management
  • BUSINESS
    • Buying Groups
    • Technology
    • Associations
  • CODES & STANDARDS
    • ANSI
    • ASHRAE
    • ASSE
    • Regulations
    • Green Building
    • IAPMO
    • ICC
    • NFPA
  • RESOURCES
    • Media Kit
    • Advertise
    • Contact Us
    • Classifieds
    • Digital Editions
    • Behind the Wall
    • Webcasts
  • BUYER'S GUIDE
  • COVID-19
    • Events & Webinars
    • Business Resources
    • Industry Announcements
    • Health & Safety
    • Op-Ed
Home » Ferguson gains market share in all of its major businesses​

Ferguson gains market share in all of its major businesses​

March 22, 2016
No Comments

Parent company Wolseley reports first-half earnings for fiscal year 2016.

Ferguson’s parent company Wolseley plc, announced its financial results for the first-half of the 2016 fiscal year.

Ferguson reported overall growth of 6.5 percent, increasing its revenue 4.3 percent 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. Acquisitions contributed 2.1 percent of additional revenue growth. The company’s trading margin was 7.9 percent, consistent with last year and trading profit was 5.5 percent ahead of last year.

Ferguson gained market share in all of its major businesses. Residential and commercial markets, both new construction and renovation, maintenance and improvement, grew steadily in the first-half.

So-called “blended branches” (locations serving both residential and commercial customers) grew across all regions from a combination of market growth and good market share gains. The B2C e-commerce business experienced strong growth, and Fire and Fabrication and HVAC both generated good growth with Waterworks growing more modestly against strong prior year comparatives.

Six acquisitions were completed in the first-half of fiscal year 2016. These included three regional fire and fabrication businesses: Central Pipe and Supply, Action Fire and Fab and Atlantic American. Ferguson also acquired Living Direct, an online appliance business, Renwes, an appliance retailer based in Orange County California and PCS Industries, a commercial MRO distributor based in Chicago, Ill.

Industry Community News Wholesalers & Distributors
  • Related Articles

    Blevins Inc. Acquires Tri-State Distributors and All Nine of its Locations

    Local Newport News newspaper names ex-Ferguson chief David L. Peebles as its Citizen of the Year for 2015

    Ferguson names American Standard its Showroom Plumbing Vendor of the Year​

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular

  • Edgen Murray Opens New Facility

  • Digital Exclusive: Energy Crisis Update from Houston

  • CISPI Issues Statement in Response to US CBP Findings to Antidumping and Countervailing Orders

  • Ferguson Assists Cities and Water Utilities to Manage Infrastructure During Sunday’s Big Game

Featured Video

Sureseal video

SureSeal Floor Drain Trap Seal

Industry Events

  • 28Apr

    2021 BLUE HAWK Annual Conference

    Austin, TX
  • 12Oct

    BOILER 2021 – ABMA Boiler Technology Conference & Expo

    Dallas, TX
More Events

Subscribe to our newsletters & stay updated

Subscribe & Learn More

  • Tw02 2021 cover
    Learn More
  • Pe02 2021 cover
    Learn More
  • Phc02 2021 cover
    Learn More
  • Es07 2020
    Learn More
Subscribe

More from PHCP Pros

  • Editorial Team
  • Home
  • Contact Us
  • About
  • Advertise

Follow Us

© 2021 All Rights Reserved

Design, CMS, Hosting & Web Development | ePublishing