FERG
Ferguson Thrives Amidst Market Deflation: Delivering Strong Volume Growth and Investing for Future Success
Ferguson, a leading distributor of plumbing, HVAC, and industrial supplies, has announced strong volume growth and adjusted operating profit in its second quarter results. Despite a subdued market with continued commodity-led deflation of approximately 2%, the company delivered sales of $6.9 billion, an increase of 3% over prior year.