Ferguson Enterprises Inc. is a leading distributor of plumbing and heating products, serving a diverse range of customers, including contractors, builders, and retailers
The company specializes in providing a comprehensive selection of products, from pipes and fittings to fixtures and appliances, and is known for its extensive inventory and expertise in delivering high-quality solutions for residential, commercial, and industrial projects. With a strong focus on customer service and operational excellence, Ferguson plays a critical role in the construction and maintenance sectors, facilitating efficient supply chains and reliable access to essential materials.
Ferguson reported Q2 results. Net sales at $6.87 billion, up 3.0% Y/Y and beating consensus of $6.76 billion. Declares quarterly dividend of $0.83 and continues share repurchase program.
The U.S. stock market lacked direction on Tuesday morning as investors stayed on the sidelines ahead of Wednesday’s release of November inflation data, a critical report that could influence the Federal Reserve’s decision on a potential interest rate cut next week.
Ferguson reports slightly mixed Q4 results with net sales of $7.946B, 1.4% higher YoY. Weakness in commodity categories offset by 2% increase in organic volumes. Declares quarterly dividend of $0.79 and expects low-single-digit sales growth for FY25.
