Ferguson Reports First Quarter Results
Ferguson Enterprises Inc. (FERG)
Company Research
Source: Business Wire
Continued Volume Growth with Full Year Guidance UnchangedFirst quarter highlightsSales of $7.8 billion, an increase of 0.8%.Sales volume grew 3%, partially offset by continued deflation of approximately 2%.Gross margin of 30.1%, down 10 bps from prior year.Operating margin of 8.6% (9.1% on an adjusted basis).Diluted earnings per share of $2.34 ($2.45 on an adjusted basis).Declared quarterly dividend of $0.83, reflecting a 5% increase over the prior year.Completed one acquisition during the quarter and one subsequently.Share repurchases of $256 million during the quarter.Balance sheet remains strong with net debt to adjusted EBITDA of 1.2x. NEWPORT NEWS, Va.--(BUSINESS WIRE)--Kevin Murphy, Ferguson CEO, commented, “Our associates remained focused on execution, delivering revenue growth in the quarter, despite continued market headwinds and commodity price deflation. The year has started largely as expected and our balanced business mix and ability to deploy scale locally give us con
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FERG
News
- Ferguson Enterprises Inc. (“Company”): Director/PDMR ShareholdingBusiness Wire
- Ferguson plc (NASDAQ: FERG) had its price target lowered by analysts at Wells Fargo & Company from $220.00 to $215.00. They now have an "overweight" rating on the stock.MarketBeat
- Ferguson Enterprises Inc. (“Company”): Director/PDMR ShareholdingBusiness Wire
- Ferguson plc (NASDAQ: FERG) had its price target lowered by analysts at Barclays PLC from $245.00 to $234.00. They now have an "overweight" rating on the stock.MarketBeat
- Ferguson plc (NASDAQ: FERG) had its price target raised by analysts at Berenberg Bank from $224.00 to $240.00. They now have a "buy" rating on the stock.MarketBeat
FERG
Earnings
- 12/10/24 - Miss
FERG
Sec Filings
- 12/19/24 - Form 4
- 12/13/24 - Form 4
- 12/13/24 - Form 4
- FERG's page on the SEC website