Ferguson said weakness in certain commodity categories persisted in the quarter, driving overall price deflation of about 2%.
The distributor’s Skypod system will consist of over 43,000 storage bins, 36 robots, three picking stations and three induction workstations.
Sam Brewer will lead PT’s Red Lightning team that advances field innovations in support of service technicians.
The 308,000-square-foot facility is projected to open by the first quarter of 2025.
The HVACR distribution giant also detailed its ongoing technology transformation.
The master distributor of parts for OEM foodservice, appliances, HVAC and consumer electronics provided updates on a number of iniatiatives.
The plumbing and HVACR distribution giant also updated its plans to ‘domicile’ its ultimate parent company in the U.S. to reflect operations and leadership.
Hear from Ferguson’s CFO on its growth strategy and the acquisitions keeping the plumbing and industrial distribution giant in the headlines.
Watsco’s 2023 follows two years of record-setting performances and faces softer comparative market conditions.
These acquisitions by distribution giant Ferguson have an aggregate annualized revenue of approximately $220 million.
One year after plumbing distributor Hajoca took majority ownership of HVACR distributor GA Larson, we chat with the latter’s chairman on that relationship and the path forward.
Modest year-over-year increases in the previous quarter moved to declines in the company’s 2024 first quarter, including a 4.9% organic revenue decline year-over-year.
