Ferguson reported sales of $8.2 billion, a 5.1% increase driven by organic growth and acquisitions.
Gross margin improved to 30.7%, up 60 bps from the previous year.
Operating margin rose to 9.4%, reflecting strong execution and cost management.
Financial Performance
Diluted earnings per share increased to $2.90, up 23.9% from last year.
Dividend Increase
Declared quarterly dividend of $0.89, a 7% increase over the previous year.
Guidance Update
Adjusted operating margin for 2025 raised to 9.4% - 9.6%.
- Ferguson's outperformance in a challenging market environment is attributed to double-digit non-residential revenue growth and disciplined execution.
- The company's strong balance sheet with net debt to adjusted EBITDA of 1.1x provides flexibility for future investments and shareholder returns.
Ferguson remains confident in its 2025 performance outlook, leveraging growth opportunities in both residential and non-residential markets.