Upcoming Headwinds may be Too Strong: Wolseley PLC. Analyst Report Issued by BrokerBank Securities, Inc.
NEW YORK, April 27, 2015 /PRNewswire/ -- Wolseley PLC (OTCMKTS: WOSYY) a Swiss specialist trade distributor of plumbing and heating products and building materials in North America, the United Kingdom and Continental Europe recently released its H1 2015 financial results. The company suffered a large impairment charge leading to an overall net loss for the period. With revenues slowly declining and profits diminishing, the company faces headwinds in the coming year. Wolseley's strong balance sheet may help it through the headwinds, given that the company executes its strategy and makes accretive acquisitions.
The Company operates in seven segments: USA, UK, Canada, Nordic, France, Central and Eastern Europe, and Group. The Group has an extensive network of distribution centers which serve branches for its plumbing and heating businesses with 2,917 branches across 11 countries. Sales to customers are made over the counter at its branches, through supply contracts which are managed centrally, or through orders that can be placed with branches, into call centers, or via the internet. In some regions the Company also operates a network of showrooms which enables it to showcase the product range.
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This report was prepared for informational purposes only. Affiliated parties involved with producing and issuing this report have not been compensated in any form by profiled company. A full disclaimer can be found by viewing the full analyst report.
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BrokerBank Securities, Inc. is a member of the Financial Industry Regulatory Authority, CRD number #130116.
SOURCE BrokerBank Securities, Inc.
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