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Market Analysis

Ferguson Eyes Market Opportunities, Acquisitions Despite Headwinds

We extract key takeaways from the plumbing, HVAC, PVF and industrial supplies distribution giant’s earnings call on Sept. 25.

September 28, 2023

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The industrial distributor — not known for making M&A deals — says the deal will expand its HVAC presence in the Pacific Northwest.

The industrial distributor — not known for making M&A deals — says the deal will expand its HVAC presence in the Pacific Northwest.

By annual revenue, Ferguson is North America’s largest distributor within the verticals of industrial, commercial and building supplies that MDM reports on. The only reason it’s not No. 1 on our 2023 Top Industrial Distributors list is because that list accounts only for the company’s revenue for industrial supplies. Ferguson’s massive presence across numerous product markets makes the company a great barometer for the overall health of the greater industrial supply sector. The company was No. 1 on our Plumbing distributors list; No. 2 for HVACR; No. 2 for PVF; No. 3 for Industrial; No. 8…

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