Ferguson plc announces results for the year ended july 31, 2021
Wokingham, uk / accesswire / september 28, 2021 / ferguson plc (lse:ferg)(nyse:ferg) results for the year ended july 31, 2021 strong profit growth demonstrates the agility of our business model us$ millions 2021 20201 change statutory financial results revenue 22,792 19,940 +14.3 % profit before tax 1,891 1,292 +46.4 % total basic earnings per share 674.7c 427.5c +57.8 % total ordinary dividend per share 239.4c 208.2c +15.0 % alternative performance measures2 gross margin 30.6% 30.0% +0.6 % trading profit 2,176 1,660 +31.1 % less impact of ifrs 16 (77) (68) underlying trading profit 2,099 1,592 +31.8 % headline earnings per share 688.1c 508.0c +35.5 % adjusted ebitda3 2,266 1,760 +28.8 % net debt : adjusted ebitda4 0.6x 0.6x highlights revenue 14.3% ahead of last year with accelerated market share gains. gross margins of 30.6% were 60bps ahead of last year driven primarily by our ability to service our customers while managing price inflation.
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