Travis Perkins (LSE:TPK) PLC reported total sales growth of 10.7% for the third quarter and said it expects full-year operating profit to be in the middle of current market forecast range of £304mln-£340mln.
The builders' merchant unveiled like-for-like revenue growth of 7.4% in the three months to 30 September.
Although its building materials distributor Travis Perkins (LSE:TPK) General Merchant experienced slowing demand in the smaller trade customer segment, it held up well for larger repair and maintenance contractors, the company said.
Nick Roberts, chief executive, commented: “We continue to benefit from our diverse end market exposure from small independent builders through to large contractors delivering national infrastructure projects.
“All of our businesses see opportunities to further develop their propositions to meet our different customers’ needs, as they seek to navigate an increasingly complex construction landscape, characterised by new environmental and safety legislation and a commitment to deliver against net-zero targets.”
Toolstation, the company's supplier of tools, accessories and light side building products, saw sales climb 6.1%, with like-for-like revenue up 0.2% year-on-year.
This sales growth trend improved throughout the quarter amid a positive response from customers to the new catalogue in September.
Toolstation remains on track to roll out approximately 80 new stores this year, equally split across the UK and Europe.
Given the challenging market backdrop, Travis Perkins said it remains focused on the recovery of elevated levels of input cost inflation and continues to tightly manage the operating cost base.