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 » U.S. Sales Boost Ferguson Plc’s Q1 Profits

U.S. Sales Boost Ferguson Plc’s Q1 Profits

December 4, 2018
No Comments
Ferguson-Logo

UK-based Ferguson Plc's first-quarter profits rose 9.9 percent, led by stronger demand in the United States that offset a fall in UK sales

"Growth in the U.S. was widespread across all geographic regions and major business units,” said Ferguson’s CEO John Martin in a release. “Since the end of the quarter, the U.S. has continued to grow well and the current indications are that growth will continue in the months ahead.”

Ferguson's profit rose to $432 million in the three months ended Oct. 31, from $393 million a year earlier. Revenue increased 8.5 percent to $5.6 billion.

The company says its U.S. business grew sales by 9.6 percent on an organic basis, with acquisitions adding another 2.4 percent.

The company’s full quarterly financial report is here.

Business Commercial Contractors & Installers Distributor HVAC Hydronics/Radiant Industry Community News Plumbing PVF Remodeling Residential Wholesalers & Distributors
  • Related Articles

    Ferguson plc Profits Up 25 Percent

    Ferguson Plc to Separate UK Operations and Focus on U.S.

    Activist Investor Urges Ferguson Plc to Exit UK

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

Report Abusive Comment

Most Popular

  • Porter Pipe & Supply Names COO Nick Porter New CEO 

  • Winsupply Names Thomas Pipe and Supply Company of the Year, Others by Industry Category

  • Showroom of the Year: Experience the Flow of Elegance

  • Paul Martino Joins Aaron & Co. as President

Featured Video

Mcneeley webinar

PHCPPros: State of the PVF Industry

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

  • Tw04 2021
    Learn More
  • Pe04 2021
    Learn More
  • Phc04 2021
    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