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Ferguson plc, parent company of U.S.-based Ferguson Enterprises, today announced its financial results for the first half of the 2019 fiscal year, which runs Aug. 1 through July 31.
In the United States, Ferguson reported overall growth of 12.9 percent, including 3.2 percent from acquisitions. Ferguson outperformed the market in all of the industries it serves. Ferguson’s Blended Branches (locations serving both residential and commercial customers), Waterworks, Industrial and HVAC businesses all experienced strong growth. Trading profit was 8.2 percent ahead of last year.
“We’ve made significant investments in the business over the past six months through acquisitions and the launch of Ferguson Ventures,” said CEO Kevin Murphy. “We will continue to focus on sustainable growth, both organically and through acquisitions, while diversifying our product offering and making our customers’ projects more successful.”
Acquisitions in the first half of the 2019 fiscal year included:
More information about the company's growth in the first half of the 2019 fiscal year can be found here.