Wolseley reports $1.8 billion loss

Wolseley plc, Reading, U.K., the largest plumbing and heating distributor in the world and a supplier of building materials products, has been brutalized by the construction market downturn. The company reported its year-end results, headlined by a loss of $1.8 billion for the fiscal year. The loss came mostly from restructuring charges and goodwill impairments.

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