Ferguson 2018 Final results
− US ongoing revenue growth of 11.3% including 9.9% on an organic basis and continued market share gains.
− Gross margin in the ongoing business was 0.3% ahead of last year.
− Good US residential and commercial markets and strong industrial market.
− Solid trading performance in Canada.
− UK trading profits lower in challenging markets, restructuring programme continuing.
− Completed 13 acquisitions for $415 million with 5 further acquisitions since year end for $240 million.
− Completed disposal of Nordics business and initiated the disposal of Wasco, our remaining business in Central Europe.
− Returned over $2 billion to shareholders during the year through dividends and buybacks.
− Proposed final dividend re-based upwards, 21% ahead of last year.
