Ferguson Enterprises Inc FERG

Morningstar Rating

Nonresidential Construction Boom Should Support Near-Term Growth

Business Strategy and Outlook

Ferguson serves three major end markets: repair, maintenance, and improvement, or RMI, new construction, and civil infrastructure. Within these end markets, the firm is particularly strong in plumbing, water infrastructure, and HVAC. Its strategy is to focus on selective product lines to primarily serve professional contractors and institutional consumers with specialized products, reliable delivery, value-added services, and technical expertise.

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