Ferguson Expands Strategic Footprint With $350M In Annualized Revenue From Four New Acquisitions
Portfolio Pulse from Benzinga Newsdesk
Ferguson plc (NYSE: FERG) has announced the closing of four new acquisitions, adding approximately $350 million in annualized revenue. This brings the total number of acquisitions for the fiscal year to eight.
May 22, 2024 | 10:59 am
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Ferguson plc has closed four new acquisitions, contributing $350 million in annualized revenue. This strategic expansion brings the total number of acquisitions for the fiscal year to eight.
The acquisitions are likely to positively impact Ferguson's revenue and market position, leading to a potential short-term increase in stock price. The strategic expansion indicates strong growth and operational capabilities.
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