Ferguson (NYSE:FERG), Newport News, Va., plumbing and HVAC parts distributor, reported sales for third quarter ending April 30, 2024, were $7.3 billion, up 2.4% from the prior-year period.
Profit was $443 million.
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For the first nine months, sales were $21.7 billion, down slightly from the year-ago period. Profit was $1.2 billion.
U.S. sales increased 2.2% and organic revenue declined 0.9%, offset by acquisition contributions of 1.7% and one additional sales day that contributed 1.6% to growth. Residential sales remained muted with slight improvement.
Canada sales grew by 6.7% and organic revenue declined 0.6%, offset by acquisition contribution of 5.1% and 2.2% from combined one additional sales day and foreign exchange rates.
During the quarter, Ferguson acquired Yorkwest Plumbing Supply Inc.
