Ferguson : Everything is fine, no problems here
>Q2 trends in line with Q1 - Operating profit in line with expectations. Operating profit for Q2 2019-20 (to end-January) came in at $Â 782m vs ($Â 770m anticipated for ODDO BHF). The group has reported l-f-l growth of 1.6% for Q2 after +2.5% in Q1, +2.1% in Q4 2018-19 and +2.7% in Q3. In the US, growth remained very slow, with the group indicating an increase in the underlying market particularly in the infrastructure segment but down in industrial markets. Underlying ...Ferguson is a holding company. Through its subsidiaries, Co. is a distributor of plumbing and heating products in the U.S. Co. operates nationally serving the residential, commercial, civil and industrial markets. Co. operates seven business units in the U.S.: Blended Branches, which provides plumbing and heating solutions ; Waterworks standalone, which distributes pipe, valves and fittings, hydrants, meters and related water management products; B2C e-commerce, which sells directly to consumers via websites using the product range and distribution network of the Blended Branches business; as well as Other, which comprises industrial standalone, fire and fabrication, and facilities supply.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.