Ferguson Enterprises Inc. Reports Non-GAAP EPS of $2.84, Exceeding Estimates by $0.12; Revenue of $8.2B Surpasses Projections by $90M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 09 2025
0mins
Should l Buy FERG?
Source: SeekingAlpha
Q1 Financial Performance: Ferguson Enterprises Inc. reported a Q1 Non-GAAP EPS of $2.84, exceeding expectations by $0.12, with revenue of $8.2 billion reflecting a 5.1% year-over-year increase, surpassing estimates by $90 million.
Strong Balance Sheet: The company maintains a robust balance sheet with a net debt to adjusted EBITDA ratio of 1.1x, indicating financial stability.
Updated 2025 Guidance: Ferguson has revised its 2025 guidance to reflect approximately 5% net sales growth, an adjusted operating margin of 9.4% to 9.6%, and capital expenditures around $350 million.
Growth Drivers: The anticipated mid-single-digit revenue growth for 2025 is expected to be driven by large capital projects, particularly in the nonresidential sector.
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Analyst Views on FERG
Wall Street analysts forecast FERG stock price to fall
17 Analyst Rating
13 Buy
4 Hold
0 Sell
Strong Buy
Current: 263.660
Low
220.00
Averages
261.34
High
291.99
Current: 263.660
Low
220.00
Averages
261.34
High
291.99
About FERG
Ferguson Enterprises Inc. is a value-added distributor serving specialized professionals in the residential and non-residential North American construction market. The Company’s geographical segments include the United States and Canada. The Company provides a wide range of products and services, such as plumbing, heating, ventilation and air conditioning (HVAC), appliances, and lighting to pipes, valves, and fittings (PVF), water and wastewater solutions, and more. It sells through a common network of distribution centers, branches, counter service and specialist sales associates, showroom consultants and e-commerce channels. The Company serves various industries, such as plumbing, HVAC, commercial / mechanical, facilities supply, fire & fabrication, industrial, builder, waterworks. The Company’s brands include Armateck, Durastar, FNW, National Fire Products, Pollardwater, PROFLO, PROSELECT, Raptor, Signature Hardware, and Westcraft.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Ferguson to Release FY2025 Results and Strategy Update
- Earnings Announcement Date: Ferguson Enterprises will issue its results for the period ending December 31, 2025, on February 24, 2026, indicating the company's commitment to transparency and investor communication by also providing market opportunities and strategy updates.
- Webcast Arrangement: The company will host a conference call and webcast for analysts and investors at 8:30 AM ET/1:30 PM GMT on the same day, allowing participants to register via the company website, which aims to enhance interaction and information sharing with investors.
- Results Release Channel: The earnings results will be available on Ferguson's website at 6:45 AM ET/11:45 AM GMT, ensuring timely access to critical information for investors, reflecting the company's commitment to information disclosure.
- Company Background: Ferguson is the largest value-added distributor in the $340 billion North American construction market, with FY2025 sales of $30.8 billion and approximately 35,000 associates, showcasing its leadership position and market influence in the industry.
See More
Ferguson Enterprises Announces $0.89 Dividend Per Share
- Dividend Announcement: Ferguson Enterprises has declared a dividend of $0.89 per share to be paid on February 27, 2026, demonstrating the company's commitment to shareholder returns and potentially boosting investor confidence.
- Record Date: The dividend will be payable to shareholders on record as of January 2, 2026, ensuring that investors holding shares before this date can benefit from the payout, which may enhance shareholder stability.
- Currency Options: Holders of Depositary Interests will receive dividends in GBP by default unless an alternative currency is elected, providing flexibility that could attract more international investors and enhance the company's appeal in global markets.
- Exchange Rate Information: The declared dividend has an exchange rate of 1.3641 GBP/USD, reflecting current forex market volatility, which may impact the actual returns for investors, necessitating attention to currency fluctuations affecting dividend payments.
See More
Ferguson Enterprises Declares $0.89 Dividend Per Share
- Dividend Announcement: Ferguson Enterprises has declared a dividend of $0.89 per share, scheduled for payment on February 27, 2026, which aims to reward shareholders and bolster investor confidence.
- Record Date: The dividend will be paid to stockholders of record as of the close of business on January 2, 2026, ensuring that eligible shareholders receive their returns promptly, thereby strengthening the company's relationship with its investors.
- Currency Payment Options: Holders of Depositary Interests will receive their dividends in pounds sterling (GBP) by default unless an alternative currency is elected, providing flexibility to meet the diverse needs of investors.
- Exchange Rate Information: The declared dividend amount in USD is $0.89 per share, with the current exchange rate at 1.3641 GBP/USD, which will affect the actual dividend amount received in GBP, ensuring investors are informed of their effective returns.
See More
ClearBridge Appreciation Strategy Underperforms S&P 500 Despite Sector Contributions
- Sector Contribution Analysis: Despite positive contributions from six out of eleven sectors in the fourth quarter, the ClearBridge Appreciation Strategy underperformed the benchmark S&P 500 Index, indicating challenges in the market environment.
- New Investment Positions: The fund initiated new positions in companies like L3Harris Technologies, Ferguson, and Boston Scientific during the fourth quarter, suggesting a strategic shift towards industrials and healthcare to navigate market volatility.
- Exit Strategy: The fund exited positions in Canadian Pacific Kansas City and Oracle in the fourth quarter, reflecting a cautious outlook on certain sectors, which may impact future portfolio performance.
- Divergent Sector Performance: The healthcare and communication services sectors emerged as the main positive contributors, while industrials, materials, and IT were the primary detractors, highlighting the varying performance across sectors that could influence the fund's overall returns.
See More
Analysts Update Their Predictions for Ferguson Enterprises Following Q1 Results
Fiscal Performance: Ferguson Enterprises Inc. reported a 5.1% year-over-year sales increase to $8.169 billion for the quarter ending October 31, 2025, surpassing estimates. GAAP diluted EPS rose 23.9% to $2.90, and adjusted EPS increased 15.9% to $2.84, exceeding the $2.57 estimate.
CEO's Outlook: CEO Kevin Murphy expressed confidence in the company's performance for calendar year 2025, highlighting the focus on leveraging growth in both residential and non-residential markets despite operating in an uncertain environment.
Updated Guidance: Ferguson updated its guidance for calendar 2025, projecting approximately 5% net sales growth and an adjusted operating margin of 9.4% to 9.6%, an improvement from previous estimates.
Analyst Ratings: Following the earnings announcement, analysts adjusted their price targets for Ferguson, with Baird maintaining an Outperform rating and raising the target to $265, while Barclays and UBS lowered their targets to $267 and $220, respectively.
See More
Ferguson Files Q3 2025 10-Q Report, Achieves $30.8 Billion in Sales
- Financial Report Filing: On December 9, 2025, Ferguson filed its 10-Q report with the SEC, revealing a robust sales figure of $30.8 billion for FY 2025, indicating strong performance in the $340 billion North American construction market.
- Market Position Strengthened: As the largest value-added distributor in the water and air specialty sectors, Ferguson solidifies its leadership position by simplifying complex projects for customers, which enhances its competitive edge in the industry.
- Employee Base Expansion: With approximately 35,000 associates across over 1,700 locations, Ferguson's extensive workforce provides robust operational support, ensuring high service quality and customer satisfaction.
- Diverse Product Line: Ferguson's offerings range from plumbing and HVAC to water and wastewater solutions, showcasing its capability to meet diverse customer needs and driving sustainable business growth.
See More
Ferguson to Release FY2025 Results and Strategy Update
- Earnings Announcement Date: Ferguson Enterprises will issue its results for the period ending December 31, 2025, on February 24, 2026, indicating the company's commitment to transparency and investor communication by also providing market opportunities and strategy updates.
- Webcast Arrangement: The company will host a conference call and webcast for analysts and investors at 8:30 AM ET/1:30 PM GMT on the same day, allowing participants to register via the company website, which aims to enhance interaction and information sharing with investors.
- Results Release Channel: The earnings results will be available on Ferguson's website at 6:45 AM ET/11:45 AM GMT, ensuring timely access to critical information for investors, reflecting the company's commitment to information disclosure.
- Company Background: Ferguson is the largest value-added distributor in the $340 billion North American construction market, with FY2025 sales of $30.8 billion and approximately 35,000 associates, showcasing its leadership position and market influence in the industry.
See More
Ferguson Enterprises Announces $0.89 Dividend Per Share
- Dividend Announcement: Ferguson Enterprises has declared a dividend of $0.89 per share to be paid on February 27, 2026, demonstrating the company's commitment to shareholder returns and potentially boosting investor confidence.
- Record Date: The dividend will be payable to shareholders on record as of January 2, 2026, ensuring that investors holding shares before this date can benefit from the payout, which may enhance shareholder stability.
- Currency Options: Holders of Depositary Interests will receive dividends in GBP by default unless an alternative currency is elected, providing flexibility that could attract more international investors and enhance the company's appeal in global markets.
- Exchange Rate Information: The declared dividend has an exchange rate of 1.3641 GBP/USD, reflecting current forex market volatility, which may impact the actual returns for investors, necessitating attention to currency fluctuations affecting dividend payments.
See More
Ferguson Enterprises Declares $0.89 Dividend Per Share
- Dividend Announcement: Ferguson Enterprises has declared a dividend of $0.89 per share, scheduled for payment on February 27, 2026, which aims to reward shareholders and bolster investor confidence.
- Record Date: The dividend will be paid to stockholders of record as of the close of business on January 2, 2026, ensuring that eligible shareholders receive their returns promptly, thereby strengthening the company's relationship with its investors.
- Currency Payment Options: Holders of Depositary Interests will receive their dividends in pounds sterling (GBP) by default unless an alternative currency is elected, providing flexibility to meet the diverse needs of investors.
- Exchange Rate Information: The declared dividend amount in USD is $0.89 per share, with the current exchange rate at 1.3641 GBP/USD, which will affect the actual dividend amount received in GBP, ensuring investors are informed of their effective returns.
See More
ClearBridge Appreciation Strategy Underperforms S&P 500 Despite Sector Contributions
- Sector Contribution Analysis: Despite positive contributions from six out of eleven sectors in the fourth quarter, the ClearBridge Appreciation Strategy underperformed the benchmark S&P 500 Index, indicating challenges in the market environment.
- New Investment Positions: The fund initiated new positions in companies like L3Harris Technologies, Ferguson, and Boston Scientific during the fourth quarter, suggesting a strategic shift towards industrials and healthcare to navigate market volatility.
- Exit Strategy: The fund exited positions in Canadian Pacific Kansas City and Oracle in the fourth quarter, reflecting a cautious outlook on certain sectors, which may impact future portfolio performance.
- Divergent Sector Performance: The healthcare and communication services sectors emerged as the main positive contributors, while industrials, materials, and IT were the primary detractors, highlighting the varying performance across sectors that could influence the fund's overall returns.
See More
Analysts Update Their Predictions for Ferguson Enterprises Following Q1 Results
Fiscal Performance: Ferguson Enterprises Inc. reported a 5.1% year-over-year sales increase to $8.169 billion for the quarter ending October 31, 2025, surpassing estimates. GAAP diluted EPS rose 23.9% to $2.90, and adjusted EPS increased 15.9% to $2.84, exceeding the $2.57 estimate.
CEO's Outlook: CEO Kevin Murphy expressed confidence in the company's performance for calendar year 2025, highlighting the focus on leveraging growth in both residential and non-residential markets despite operating in an uncertain environment.
Updated Guidance: Ferguson updated its guidance for calendar 2025, projecting approximately 5% net sales growth and an adjusted operating margin of 9.4% to 9.6%, an improvement from previous estimates.
Analyst Ratings: Following the earnings announcement, analysts adjusted their price targets for Ferguson, with Baird maintaining an Outperform rating and raising the target to $265, while Barclays and UBS lowered their targets to $267 and $220, respectively.
See More
Ferguson Files Q3 2025 10-Q Report, Achieves $30.8 Billion in Sales
- Financial Report Filing: On December 9, 2025, Ferguson filed its 10-Q report with the SEC, revealing a robust sales figure of $30.8 billion for FY 2025, indicating strong performance in the $340 billion North American construction market.
- Market Position Strengthened: As the largest value-added distributor in the water and air specialty sectors, Ferguson solidifies its leadership position by simplifying complex projects for customers, which enhances its competitive edge in the industry.
- Employee Base Expansion: With approximately 35,000 associates across over 1,700 locations, Ferguson's extensive workforce provides robust operational support, ensuring high service quality and customer satisfaction.
- Diverse Product Line: Ferguson's offerings range from plumbing and HVAC to water and wastewater solutions, showcasing its capability to meet diverse customer needs and driving sustainable business growth.
See More
