Ferguson Enterprises Inc. /DE/ (FERG) Company Report

Ferguson reported strong Q1 2026 results, with sales of $8.2 billion, a 5% increase year-over-year, driven by 4% organic growth and 1% acquisition growth. Diluted earnings per share grew nearly 16% to $2.84.
The company updated its calendar year 2025 guidance, now projecting approximately 5% revenue growth and an improved operating margin range of 9.4% to 9.6%.
Capital allocation included returning $372 million to shareholders through share repurchases and dividends, and declaring a 7% increase in the quarterly dividend to $0.89 per share.
While residential revenue declined 1%, non-residential revenue grew 12%, with large capital projects and waterworks driving strength. The company anticipates calendar Q4 growth rates to be around 3%, impacted by continued pressure in new residential and HVAC markets.

Dec 9, 2025, 1:30 PM

Transcript

Ferguson Reports Strong Q1 2026 Results and Raises Calendar 2025 Operating Margin Guidance

FERG

Earnings

Guidance Update

Dividends

Ferguson reported strong Q1 2026 results (quarter ended October 31, 2025), with net sales of $8.2 billion, a 5.1% increase year-over-year, driven by 4.2% organic growth and 1% acquisition growth.
Diluted earnings per share (EPS) increased by 15.9% to $2.84, and operating profit grew 14.4% to $808 million, resulting in a 9.9% operating margin.
The company updated its calendar year 2025 guidance, now expecting approximately 5% revenue growth and an operating margin range of 9.4% to 9.6%, an increase from the prior expectation of 9.2% to 9.6%.
Ferguson continued its capital allocation strategy, declaring a 7% increase in its quarterly dividend to $0.89 per share and returning $208 million to shareholders via share repurchases during the quarter.
Non-residential end markets performed strongly, with revenue up 12%, particularly in large capital projects, while residential end markets, representing approximately half of U.S. revenue, remained challenged with revenue down 1%.

Dec 9, 2025, 1:30 PM

Transcript

Ferguson Reports Strong Q1 2026 Results and Raises Calendar 2025 Guidance

FERG

Earnings

Guidance Update

Share Buyback

Ferguson reported Q1 2026 net sales of $8.2 billion, a 5.1% increase year-over-year, driven by 4.2% organic growth and 1% acquisition growth.
Profitability saw significant gains, with a gross margin of 30.7% (up 60 basis points), operating profit of $808 million (up 14.4%), and diluted earnings per share of $2.84 (up 15.9%).
The company updated its calendar 2025 guidance, now anticipating approximately 5% revenue growth and an operating margin range of 9.4%-9.6%, an increase from the previous expectation.
Capital was returned to shareholders through a 7% increase in the quarterly dividend to $0.89 per share and $208 million in share repurchases, alongside the acquisition of Moore Supply Company.
U.S. non-residential revenue grew 12%, with strong performance in commercial mechanical (+21%) and waterworks (+14%), while residential revenue was down 1% and HVAC declined 6%.

Dec 9, 2025, 1:30 PM

Transcript

FERG reports Q1 2026 financial results

FERG

Earnings

Dividends

Share Buyback

For Q1 2026, FERG reported net sales of $8.2 billion, a 5.1% increase compared to Q1 2025, with organic growth of 4.2%.
Adjusted operating profit increased 14.4% to $808 million, leading to an adjusted operating margin of 9.9% (up 80 basis points) and adjusted diluted EPS of $2.84, a 15.9% increase.
The company returned $372 million to shareholders through share repurchases and dividends, declared a quarterly dividend of $0.89 per share (a 7% increase), and completed one acquisition during the quarter.
FERG's balance sheet remains strong with a net debt to adjusted EBITDA ratio of 1.1x as of October 31, 2025.
For Calendar 2025, FERG anticipates net sales growth of approximately 5% and an adjusted operating margin between 9.4% and 9.6%.

Dec 9, 2025, 1:30 PM

Presentation

Ferguson Reports Strong Q1 2026 Results and Updates Calendar 2025 Guidance

FERG

Earnings

Guidance Update

Share Buyback

Ferguson Enterprises Inc. reported net sales of $8.2 billion for the quarter ended October 31, 2025, marking a 5.1% increase compared to the prior year.
The company achieved a gross margin of 30.7%, an increase of 60 basis points, and an adjusted operating margin of 9.9%, up 80 basis points for the quarter ended October 31, 2025.
Diluted earnings per share (EPS) for the quarter ended October 31, 2025, were $2.90, a 23.9% increase, with adjusted diluted EPS rising 15.9% to $2.84.
Ferguson declared a quarterly dividend of $0.89, reflecting a 7% increase over the prior year, and completed $208 million in share repurchases during the quarter ended October 31, 2025.
The company updated its Calendar Year 2025 guidance, now anticipating net sales growth of approximately 5% and an adjusted operating margin between 9.4% and 9.6%.

Dec 9, 2025, 11:50 AM

8-K

Ferguson Reports Strong Quarter Ended October 31, 2025 Results and Updates Calendar Year Guidance

FERG

Earnings

Guidance Update

Dividends

Ferguson reported sales of $8.2 billion, an increase of 5.1%, and diluted earnings per share of $2.90, up 23.9% for the quarter ended October 31, 2025.
The company's gross margin was 30.7%, up 60 basis points, and the operating margin was 9.4%, up 80 basis points from the prior year.
Ferguson updated its Calendar 2025 Guidance, expecting net sales growth of approximately 5% and an adjusted operating margin between 9.4% and 9.6%.
The company declared a quarterly dividend of $0.89, reflecting a 7% increase over the prior year, and completed $208 million in share repurchases during the quarter.

Dec 9, 2025, 11:45 AM

Press Release

Ferguson Enterprises Reports Strong Financial Results for Quarter Ended October 31, 2025

FERG

Earnings

Guidance Update

Share Buyback

Ferguson Enterprises Inc. reported earnings of $570 million and diluted earnings per share (EPS) of $2.90 for the quarter ended October 31, 2025, an increase from $470 million and $2.34 EPS in the previous year.
The company's revenue increased by 5.1% to approximately $8.2 billion, with non-residential revenue growing by 12% and the US business net sales up 5.3%.
Profitability improved, as the gross margin rose by 60 basis points to 30.7% and the operating margin increased by 80 basis points to 9.4%.
Ferguson demonstrated commitment to shareholder returns by declaring a quarterly dividend of $0.89, representing a 7% increase over the prior year, and repurchasing $208 million in shares.
CEO Kevin Murphy expressed confidence in achieving approximately 5% net sales growth and adjusted operating margins between 9.4% and 9.6% for the full year 2025.

Dec 8, 2025, 12:43 PM

Morningstar

Ferguson Enterprises Inc. Completes Public Offering of Senior Notes

FERG

Debt Issuance

Ferguson Enterprises Inc. completed a public offering of $750,000,000 aggregate principal amount of 4.350% Senior Notes due 2031 on September 22, 2025.
The Notes are fully and unconditionally guaranteed by Ferguson UK Holdings Limited.
The Notes mature on March 15, 2031, with interest payable semi-annually on March 15 and September 15, with the first payment due on March 15, 2026.
The company retains the option to redeem the Notes, in whole or in part, at any time, with redemption prices varying based on whether the redemption date is before or after the February 15, 2031 par call date.

Sep 22, 2025, 8:16 PM

8-K

Ferguson Enterprises Inc. /DE/ Announces Q4 and FY 2025 Results

FERG

Earnings

Guidance Update

M&A

Ferguson reported strong Q4 2025 financial results, with net sales of $8.5 billion, an increase of 6.9% year-over-year, driven by 5.8% organic growth. Adjusted operating profit increased 13.4% to $972 million, and Adjusted diluted EPS rose 16.8% to $3.48.
For the full fiscal year 2025, the company achieved net sales of $30.8 billion, a 3.8% increase, and Adjusted diluted EPS of $9.94, up 2.6%.
The company completed 4 acquisitions in Q4 2025 and a total of 9 for the full fiscal year. Capital deployment in Q4 2025 included $189 million in share repurchases and $165 million in dividends.
Ferguson provided Calendar 2025 guidance for mid-single digit net sales growth and an Adjusted operating margin between 9.2% and 9.6%.

Sep 16, 2025, 12:30 PM

Presentation

Ferguson plc Reports Strong Q4 and FY 2025 Results, Provides Calendar Year 2025 Guidance

FERG

Earnings

Guidance Update

Revenue Acceleration/Inflection

Ferguson plc reported strong Q4 2025 sales of $8.5 billion, an increase of 6.9% over the prior year, driven by 5.8% organic growth and 1.1% acquisition growth. Diluted EPS for the quarter increased 16.8% to $3.48.
For the full fiscal year 2025, revenue reached $30.8 billion, up 3.8% from the previous year, with diluted EPS increasing 2.6% to $9.94.
The company experienced strong growth in non-residential markets, with revenue increasing approximately 15% in Q4 2025, primarily due to increased activity on large capital projects, while residential revenue remained flat.
Ferguson is changing its fiscal year end from July 31st to December 31st, with a five-month transition period from August 1st to December 31st, 2025, and the new fiscal year beginning January 1st, 2026.
For calendar year 2025, the company expects mid-single-digit revenue growth and an operating margin range of 9.2% to 9.6%, representing an improvement of 10 to 50 basis points over the prior year.

Sep 16, 2025, 12:30 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Ferguson Enterprises Inc. /DE/.

Q1 2026

Dec 9, 2025

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Q4 2025

Sep 16, 2025

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Q3 2025

Jun 3, 2025

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View All Transcripts

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Ferguson Enterprises Inc. /DE/ (FERG)

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