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Ferguson Tackles Material Shortages

Even the largest plumbing distributor in the U.S. has faced supply issues, yet Ferguson posted a strong 3Q.

June 9, 2021

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Ferguson fiscal 2022 2Q net sales

Ferguson PLC, (NYSE: FERG), based in Wokingham, United Kingdom reported fiscal 2022 second-quarter net sales of $6.5 billion, a 31.8% increase over the same period a year before.

  •  Supply chain snags have been a problem for companies all year. For example, freezing temperatures in Texas resulted in chemical plants struggling to meet the growing demand for such products as PVC.
  • Even the largest companies, such as plumbing distribution giant Ferguson, have been impacted by the shortage.
  • However, the company has managed its supply chain well, posting strong fiscal third-quarter results with nearly 25% revenue growth.
  • Ferguson executives and a spokesperson shared some of the company’s issues and how the distributor is handling them.

The global supply chain is so…

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