ACCESS Newswire
27 Sep 2022, 11:31 GMT+10
EXECUTING OUR STRATEGY TO DELIVER STRONG OPERATING PERFORMANCE
WOKINGHAM, UK / ACCESSWIRE / September 27, 2022 / Ferguson PLC:
Fourth quarter highlights
Full year highlights
FY2023 Guidance
Kevin Murphy, Ferguson CEO, commented 'Our associates delivered another quarter of strong financial performance driven by continued market share gains and our ability to appropriately manage and pass through price inflation. Ongoing cost control ensured a robust profit performance in the quarter as we ran up against tough prior year comparables. For the full year, our teams achieved excellent results despite labor and supply chain challenges. The balance sheet remains strong as we continue to invest for organic growth, consolidate our fragmented markets through acquisitions and return capital to shareholders.
'We are well positioned for the year ahead with diversified end market exposure and a strong balance sheet. The agility of our business model will enable us to navigate macro economic headwinds.
Importantly, we remain confident in the strength of our markets over the longer term and our financial guidance continues to reflect market outperformance, both organically and from acquisitions.'
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SOURCE: Ferguson PLC
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