Ferguson grows revenue by more than 10 percent

Ferguson grows revenue by more than 10 percent

Parent company Ferguson plc announced its financial results for the 2017 fiscal year

Corporate News

In the US, Ferguson ended the year with sales of nearly $15 billion, an increase of 10.4 percent, which included price deflation of 0.5 percent mainly due to falling commodity prices in the first half. Trading profits were 8.2 percent ahead of last year, and trading margin was eight percent. The company grew 7.1 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, up three percent over the prior year.

Ferguson’s blended branches (locations that serve a mix of residential and commercial customers), Waterworks, HVAC and Fire and Fabrication all generated good growth and gained market share. Industrial revenues recovered after a weak first half. Build.com, our B2C ecommerce business, continued to grow strongly throughout the year. Ferguson’s B2B and B2C online sales accounted for 22 percent of Ferguson’s revenue.

“Ferguson continues to outperform our markets by delivering world-class customer service,” said CEO Kevin Murphy. “We are incredibly proud of our strong finish. Our performance is the direct result of our associates going above and beyond to meet the needs of our customers.”

Ferguson closed on nine acquisitions this fiscal year:

Also in fiscal year 2017, Wolseley announced a name change to Ferguson plc and its intent to report in U.S. dollars beginning Aug. 1, 2018.

Read more about Ferguson plc’s year-end results.

workers talking

Contacts

Accredited media working on a story about Ferguson may contact Ferguson’s public relations team for interview and photo requests, or for additional information related to editorial opportunities.
Peggy Hall Williams Public Relations Manager, Ferguson
Christine Dwyer Director of Communications and Public Relations, Ferguson