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Data: Plumbers bask in post-COVID demand boom, pay tops $100K in some markets
Tue, June 15, 2021, 7:45 AM·3 min read
In the midst of a
widespread worker shortagebuffeting the economy and driving up costs, plumbers appear to be in especially high demand — with some states being more lucrative for the profession than others, new data show.
According to a recent analysis by
Construction Coverage, Google searches for plumbers have skyrocketed to their highest levels in 5 years, an indication of soaring demand for service workers and skilled labor.
Ferguson plcFERG
Formerly known as Wolseley (LON:
FERG) plc, Zug, Switzerland-based Ferguson plc is a distributor of plumbing and heating products to professional contractors and consumers primarily in the USA, UK, the Nordic region, Canada and Central Europe.
FERG was also impacted by the pandemic, which is why its revenues for fiscal 2021 (ending July) have suffered a big blow while cost management enabled flattish earnings growth. But the company has been growing strongly since 2017 and is expected to come back strongly in the following year.
WOKINGHAM, UK / ACCESSWIRE / June 15, 2021 /Ferguson plc (LSE:FERG)(NYSE:FERG) (the '
Company') announces that on June 14, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $400 million share repurchase program, details of which were announced on March 16, 2021.
Description of shares: Ferguson plc - ordinary shares of 10 pence
Number of shares repurchased: 55,896
Date of transaction: June 14, 2021
Price paid per share: £96.22
Broker: J.P. Morgan Securities plc
The Company intends to hold these Shares in Treasury.
Including Shares which have been purchased but not yet settled, the Company holds 9,049,799 Shares in Treasury.
Following the purchase of these shares, the remaining number of ordinary shares in issue will be 223,121,383.