Ferguson PLC (FERG) has released an update.
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Ferguson PLC reported a slight increase in first-quarter sales to $7.8 billion, despite facing market challenges and commodity price deflation. The company achieved a 3% sales volume growth and declared a 5% increase in its quarterly dividend, while maintaining a strong balance sheet with strategic acquisitions and share repurchases. Ferguson continues to focus on growth opportunities in the plumbing and HVAC markets, supported by its robust cash-generative model.
For further insights into FERG stock, check out TipRanks’ Stock Analysis page.
