Ferguson (NYSE: FERG) announced its third-quarter sales for the fiscal year 2022 were up 23.1% year over year to $7.24 billion. Ferguson’s U.S. business grew 23.9%, which comprised 23.7% organic growth with 1.8% acquisition growth, offset by 1.6% from one fewer trading day.
Don’t miss any content from Distribution Strategy Group. Join our list.
Net profits increased in the third quarter 2022 to $546 million from $369 million.
“Our associates continued to drive outstanding service and support for our customers, delivering further market share gains and a strong financial performance. Disciplined cost control ensured earnings growth continued to outpace revenue growth as we ran up against strong prior year comparables,” Ferguson CEO Kevin Murphy said.
Share this article:
