Ferguson reported upbeat Q2 results which were ahead of our estimates. The company principally benefited from the robust performance in the US and Canada & Central Europe, whereas the UK continued to lag. Recently, the company completed the disposal of its Nordics business and decided to transfer the wealth to its shareholders via special dividends. We remain optimistic on the US growth story and share management’s pessimistic view on the UK.
06 Apr 2018
Rightly placed to ride the euphoric US economy
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Rightly placed to ride the euphoric US economy
Ferguson Plc (FERG:LON) | 16,950 -28815 (-1.0%) | Mkt Cap: 34,377m
- Published:
06 Apr 2018 -
Author:
Ankush Kathuria -
Pages:
4
Ferguson reported upbeat Q2 results which were ahead of our estimates. The company principally benefited from the robust performance in the US and Canada & Central Europe, whereas the UK continued to lag. Recently, the company completed the disposal of its Nordics business and decided to transfer the wealth to its shareholders via special dividends. We remain optimistic on the US growth story and share management’s pessimistic view on the UK.