Full Year Results 

Ferguson's US focus paying off

Ferguson's US focus paying off

Earlier this year building supply company Wolseley rebranded as Ferguson (FERG) to realign the business with its so-called dominant US division. In the first set of results since the change, revenues and trading profit in the States grew 10.4 per cent and 8.2 per cent, respectively – well ahead of the UK, Canada and Europe. This performance was driven by residential and commercial markets. Industrial markets – which account for 7.5 per cent of US revenue – were weak in the first half before recovering.

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