The new CEO was most recently the president of Fortiline Waterworks.
Ferguson’s February-April quarter was highlighted by accelerating sales growth, improved margins and a raised full-year guidance, driven by strong U.S. performance.
Heusinkveld and Cavossa come to F.W. Webb as the wholesale supplier makes other significant additions to its leadership team.
First Supply’s new distribution center marks a milestone in the company’s ongoing investment in technology, infrastructure and people.
DNOW reported an increase in sales during 1Q, improved profitability and continued growth through acquisitions, and followed with an April bolt-on in Singapore.
Ferguson expanded its North American footprint with the acquisitions of Massachusetts-based Independent Pipe & Supply and Toronto-based National Fire.
The company announced a leadership transition for its CEO and CFO, alongside its 4Q financial results, which highlight strong sales growth and increased gross profit.
The company reported a decline in 2024 sales, but remains optimistic about a 2025 rebound, driven by growth in gas utilities, product pricing and new market opportunities.
Ferguson reported a solid sales increase in its November-January quarter, driven by organic and acquisition growth, offset by commodity price deflation and lower operating margins.
First Supply CEO warns that expiring tax provisions from the 2017 Tax Cuts and Jobs Act could threaten small businesses, jobs and community investments.
DNOW’s earnings show strong U.S. and Canada sales growth, but a decline in international performance, with the company projecting flat-to-modest growth for 2025.
Despite market headwinds and commodity price deflation, Ferguson’s CEO says it will continue to outperform the market.
