Wolseley Reports 5% Rise In Q1 Revenue

Wolseley PLC WOSCF reported a 5% surge in its first quarter revenue. Wolseley's quarterly revenue climbed to GBP3,641 million, from GBP3,471 million, in the year-ago period. Its gross profit rose to GBP988 million, from GBP938 million. Wolseley's gross margin came in at 27.1%. Wolseley shares closed at $29.75 yesterday.