Ferguson Enterprises Inc
LSE:FERG
Ferguson Enterprises Inc
Ferguson Enterprises Inc is a US-based company operating in Trading Companies & Distributors industry. The company is headquartered in Newport News, Virginia and currently employs 35,000 full-time employees. The company went IPO on 2001-07-20. Ferguson Enterprises Inc., through its subsidiaries, is a distributor in North America, providing solutions, and products from infrastructure, plumbing and appliances to heating, ventilation and air conditioning (HVAC), fire, fabrication, and others. Its U.S. segment operates under the Ferguson brand and provides solutions, and products, from infrastructure, plumbing and appliances to HVAC, fire, fabrication and more, to residential and non-residential contractors. Its products are delivered through a common network of distribution centers, branches and specialist sales associates, e-commerce, and others. The Canada segment operates primarily under the Wolseley brand and supplies plumbing, HVAC, and refrigeration products to residential and commercial contractors. This segment also supplies specialist water and wastewater treatment products to residential, commercial and infrastructure contractors, and supplies pipe, valves, and fittings (PVF) solutions to industrial customers.
Ferguson Enterprises Inc is a US-based company operating in Trading Companies & Distributors industry. The company is headquartered in Newport News, Virginia and currently employs 35,000 full-time employees. The company went IPO on 2001-07-20. Ferguson Enterprises Inc., through its subsidiaries, is a distributor in North America, providing solutions, and products from infrastructure, plumbing and appliances to heating, ventilation and air conditioning (HVAC), fire, fabrication, and others. Its U.S. segment operates under the Ferguson brand and provides solutions, and products, from infrastructure, plumbing and appliances to HVAC, fire, fabrication and more, to residential and non-residential contractors. Its products are delivered through a common network of distribution centers, branches and specialist sales associates, e-commerce, and others. The Canada segment operates primarily under the Wolseley brand and supplies plumbing, HVAC, and refrigeration products to residential and commercial contractors. This segment also supplies specialist water and wastewater treatment products to residential, commercial and infrastructure contractors, and supplies pipe, valves, and fittings (PVF) solutions to industrial customers.
Solid Revenue Growth: Ferguson reported $8.2 billion in sales, up 5% year-over-year, driven by organic growth and acquisitions.
Profitability Improvement: Operating profit increased 14% to $808 million, with operating margin expanding 80 basis points to 9.9%.
EPS Growth: Diluted EPS rose nearly 16% to $2.84 compared to last year.
Updated Guidance: Full-year revenue growth guidance is approximately 5%, and operating margin guidance was raised to 9.4-9.6%.
Nonresidential Strength: Nonresidential revenue grew 12%, driven by large capital projects and share gains, while residential remained soft.
HVAC & Residential Challenges: HVAC revenue declined 6% and residential sales were down 1%, reflecting tougher markets.
Continued Capital Allocation: $372 million was returned to shareholders through dividends and buybacks; quarterly dividend increased 7% to $0.89 per share.
Healthy Balance Sheet: Net debt to EBITDA at 1.1x provides flexibility for further investment and acquisitions.
