Solid Growth Despite Slow Growth Economy and Deflation
Ferguson’s parent company Wolseley plc, the world’s largest specialty trade distributor of plumbing and heating products, announced its financial results for the 2016 fiscal year.
Ferguson ended the year with sales of $13.8 billion, an increase of 6 percent over last year despite a slow growth economy and 2.2 percent commodity deflation. Trading profits were ahead 6.3 percent ahead of last year.