Ferguson reports revenue growth of 9%
Newport News, Va. — Ferguson’s parent company, Wolseley plc, announced its first-half results for the 2011 fiscal year. Wolseley reported revenue increase of 5% on a like-for-like basis.
Ferguson’s like-for-like revenue growth for the first six months was 9%, with a further 4% of growth due to the strengthening of the U.S. dollar.
All of Ferguson’s major business units generated growth, driven principally by stable new residential and repair and remodel markets. As well, all major businesses continued to gain market share in the first half. Ferguson sales accounted for 40% of Wolseley’s total revenue.
“We are very pleased with our performance for the first half of our fiscal year,” explained Ferguson CEO Frank Roach. “It was nice to see year-on-year growth and out-performance in all of our businesses.”
Ferguson’s blended branches, which service residential and commercial customers, had a strong first half with solid growth, as the remodel markets held up well. The industrial PVF and HVAC businesses were also strongly ahead. The commercial fire and fabrication business, which provides fire protection products and services, returned to like-for-like revenue growth in the period, although commercial markets generally continue to lag residential markets. Ferguson’s trading margin was 5.5%, up from 4.1% in 2010.
Visit www.ferguson.com or www.wolseley.com.
OBITUARY: Jack T. Reviglio, Western Nevada Supply Co-founder
As we go to press, we were saddened to learn that Jack T. Reviglio, Western Nevada Supply co-founder, passed away on April 23 after a two-year battle with cancer. He was 73.
Reviglio and Bill Higgins opened Western Nevada Supply in 1964 and were soon joined by Jack’s brother Tom. The company has since grown into a premier plumbing, HVAC, waterworks, irrigation, industrial, and PVF wholesaler with branches in Northern Nevada and eastern California.
While Jack was deeply immersed in our industry for the past 46 years, Jack was defined by his great attitude and his concern for others. When you met him he would ask you about yourself…and really care. If you asked Jack how he was doing, he would tell you about his family…his kids and grand children. He would never mention his untiring, selfless work to help kids, people in need, local educational institutions and his community. Jack will be missed by many.
New executives join Texas Plumbing Supply ownership
Houston — Texas Plumbing Supply Company Inc., a Houston-based independent plumbing supply wholesaler, established in 1962 and an A-D (Affiliated Distributors) member since 2004, has announced changes in ownership. The Snyder family is excited to welcome the addition of the Fullers into their family business. Following are the changes that have recently been made:
• Terry Snyder will remain as CEO/owner
• J. Lance Snyder, former president/owner, has retired after 34 years of service
• Ethan Flowers and Nathan Jarmon will remain as vice-presidents/directors
• Glenn Fuller joins the company as president/owner. He brings 31 years of experience in the Houston wholesale plumbing supply industry, managing sales, purchasing, and accounting while developing all aspects of the business. He has forged outstanding relationships with vendors and customers alike, and has served as president of the Responsible Plumbers and Associates (RPA), a local industry trade group, since its inception in 2002. He also brings buying-group experience with both C.L. Watt and more recently WIT, where he served on the plumbing manufacturers vendor committee. He will office in the FM 529 location.
• His twin sons, Jeremy and Joey Fuller ,join as directors. They each possess seven years of comprehensive industry experience in operations, sales, purchasing, and customer service. Jeremy will be branch manager of the company’s headquarter location and Joey will be in outside sales.
The management/ownership team looks forward to growing as the company broadens its horizons and positions Texas Plumbing Supply Company Inc. for future growth as a premier wholesaler within the plumbing industry, the community and the state of Texas.
Texas Plumbing Supply Company, Inc. has three locations in Texas: Corporate headquarters are located at 7586 Morley Street, Houston 77061 713-643-0637 with branches at 14025 FM 529, Houston 77041 281-858-8833 and 2240 S. Market St., Brenham 77833 979-830-5544.
Visit www.texasplumbingsupplyinc.com.
HD Supply opens San Diego branch
Orlando, Fla. — More than 250 customers, 75 vendors and 50 HD Supply employees gathered at the March 3 grand opening of the HD Supply Plumbing San Diego branch. Throughout the evening, more than 50 raffle prizes were given out, ranging from $50 gift cards to local restaurants to the grand prize 46-inch flat screen TV.
The new facility exceeds 72,000 square feet, with features including a 20,000 square-foot indoor pipe yard, a 2,400 square-foot will call counter and 3,000 square feet of office space.
Joe Davenport, vice president-operations and purchasing, said, “Relocations are never easy, but thanks to the tremendous unified effort of our team, we now have a stronger operation dedicated to serving our San Diego-area customers and providing unmatched service and inventory selection.”
Steve Ferry, president of HD Supply Plumbing/HVAC, added, “San Diego is an important market for HD Supply Plumbing and one we are committed to growing. This larger facility allows us to provide inside storage for all products, including pipe. This will greatly enhance the quality experience for our customers. We will continue making the right investments in our business so our branches can thrive.”