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Ferguson grows revenue by more than 12 percent

Ferguson plc, the world’s leading specialist distributor of plumbing and heating products and parent company of U.S.-based Ferguson Enterprises, today announced its financial results for the first-half of the 2019 fiscal year, which runs Aug. 1 through July 31. In the U.S., Ferguson reported overall growth of 12.2 percent (12.9 percent for sales per working…

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Ferguson partners with RocketSpace to reimagine the future of the construction industry

This new partnership follows the launch of Ferguson Ventures, the company’s Corporate Venture Capital and strategic partnering arm focused on innovation and disruption. “Helping our customers succeed in a rapidly changing marketplace requires us to proactively explore and leverage technologies within our business and across our customer base,” said Kevin Barnes, Vice President and Managing…

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Ferguson Ventures invests in Payzer

Ferguson Ventures, the Corporate Venture Capital (CVC) and strategic partnering arm of Ferguson Enterprises, announces a Series C investment in Payzer, a cloud-based field service management software provider based in Charlotte, North Carolina. Payzer provides two software products that help specialty trade contractors grow and manage their businesses. Payzerware, the company’s end-to-end field service management system,…

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Ferguson ends the year with sales of $16.7 billion

In the US, Ferguson Enterprises ended the year with sales of $16.7 billion, an increase of 11.3 percent. Trading profit was 16.9 percent ahead of last year, and trading margin was 8.4 percent. The company grew 9.9 percent on an organic basis, with an additional 1.4 percent coming from acquisitions. Ferguson’s blended branches (locations that…

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Ferguson launches Corporate Venture Capital (CVC) fund to focus on industry innovation

Ferguson Enterprises (Ferguson), the largest US distributor of plumbing supplies and PVF, announces the launch of Ferguson Ventures, the company’s Corporate Venture Capital (CVC) and strategic partnering arm focused on innovation and disruption. Ferguson recognizes its customers are currently facing unprecedented challenges with the shortage of skilled trade professionals and the need for construction productivity.…

Ferguson announced as largest sponsor of Modernism Week 2018

Modernism Week and Ferguson Bath, Kitchen & Lighting Gallery, the largest U.S. distributor of residential and commercial plumbing supplies, announced that the company will be Modernism Week’s Exclusive Kitchen & Bath Sponsor for a fourth consecutive year. Modernism Week is an annual festival celebrating midcentury modern design, architecture, art and culture with nearly 350 events,…