Ferguson, Newport News, Va., a distributor serving residential and nonresidential North American construction markets, reported sales of $7.8 billion in its fiscal first-quarter 2025, an increase of 0.8%.
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Sales were driven by an organic revenue decline of 0.3%, offset by acquisition growth of 1.1%.
Profit was $470 million.
Sales in the U.S. were up 0.5%, with organic sales down 0.4%. Residential end-markets, which comprise over half of U.S. revenue, were down year over year, but Ferguson’s residential revenues were flat.
Nonresidential end-markets were also down year over year, but Ferguson saw a 1% increase in nonresidential markets.
One acquisition was completed during the quarter: Fresno Pipe and Supply.
Sales in Canada grew 6.3%, with organic growth of 1.3%.
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