Ferguson revenue rises 10%
Revenue increased 10 percent for plumbing and HVAC wholesaler Ferguson during fiscal 2012, officials with parent company Wolseley PLC reported Oct. 2.
Ferguson ended the year with $9.7 billion in sales — 8 percent above last year. Trading profits rose 24 percent.
“We gained market share in most of our major business units,” said Ferguson CEO Frank Roach. “The combination of having the best associates in the industry and providing world-class customer service continue to be key contributors to our performance. As well, we continue to see the benefits of business and geographic diversification which provides us with greater separation from economic conditions and lessens our exposure to the market’s cyclicality.”