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Ferguson Enterprises

FERG · Industrials

Last earnings Aug 10, 2026  ·  Next earnings Nov 9, 2026

Key results

Gross marginquarter

31.0%

- Gross margin of 31.0%, up 30 bps from prior year.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Operating marginquarter

8.2%

- Operating margin of 8.2%, up 120 bps on prior year (8.7%, up 40 bps on an adjusted basis).

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

EPSquarter

$2.13

- Diluted earnings per share of $2.13, up 23.1% on prior year ( $2.28 on an adjusted basis, up 9.1% ).

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Growthquarter

up 23.1%

- Diluted earnings per share of $2.13, up 23.1% on prior year ( $2.28 on an adjusted basis, up 9.1% ).

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Net revenuequarter

$7.5 billion

Summary of financial results Quarter ended March 31, 2026 Net sales of $7.5 billion were 3.6% ah ead of last year driven by organic revenue growth of 2.8% and acquisition growth of 0.8%.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Revenuequarter

2.8%

Summary of financial results Quarter ended March 31, 2026 Net sales of $7.5 billion were 3.6% ah ead of last year driven by organic revenue growth of 2.8% and acquisition growth of 0.8%.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Gross margin of 31.0% was 30 basis points above last year reflecting solid execution across the business.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Reported operating profit was $612 million (8.2% operating margin), 20.7% ahead of last year.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Adjusted operating marginquarter

$647 million

Adjusted operating profit of $647 million (8.7% adjusted operating margin) was 8.4% above last year.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Reported EPSquarter

$2.13

Reported diluted earnings per share was $2.13, an increase of 23.1% compared to last year, while adjusted diluted earnings per share of $2.28 increased 9.1% due to the higher adjusted operating profit and the impact of share repurchases.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

AI analysis

Q1 2026 · reported May 5, 2026

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Net revenue · Q1 2026
$7.5B
EX-99 · May 5, 2026
EPS · Q1 2026
$2.13
EX-99 · May 5, 2026
Gross margin · Q1 2026
31.0%
EX-99 · May 5, 2026
Operating margin · Q1 2026
8.2%
EX-99 · May 5, 2026

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · May 5, 2026 Guide as stated by the company; range and midpoint computed from the stated figure.

Headline figures

MetricQ1 2026Prior qtrYear ago
Gross margin31.0%——
Operating margin8.2%——
EPS$2.13——
Growthup 23.1%——
Net revenue$7.5 billion——
Revenue2.8%——
Adjusted operating margin$647 million——
Reported EPS$2.13——

EX-99 · May 5, 2026

Guidance · company-stated

Direction: Raised

Revenue$7.5 billion

“htm EX-99.1 Document Exhibit 99.1 Ferguson Reports First Quarter Ended March 31, 2026 Solid Start to the Year Full Year Guidance Unchanged First quarter highlights - Sales of $7.5 billion, increased 3.6%.”

Revenue

“Calendar 2026 Guidance (unchanged) 2026 Guidance January 1 - December 31, 2026 Net sales Low to mid-single digit growth Adjusted operating margin* 9.4% - 9.8% Interest expense $200 million Capital expenditures $350 - $400 million Adjusted effective tax rate* 26% * The Company does not reconcile forward-looking non-GAAP measures.”

Midpoint vs latest-quarter revenue0.0%computed from stated figures

Classified from the release's primary full-year outlook statement.

Next earningsNov 9, 2026Verified from the company’s own announcement

Margin

Gross margin31.0%
Operating margin8.2%
Adjusted operating margin$647M

Capital allocation

Dividend$0.89
Adjusted operating margin9.4%
Capex$400M
Reported EPS$2.13

- Declared quarterly dividend of $0.89.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue 0.0% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Ferguson Reports First Quarter Ended March 31, 2026 Solid Start to the Year Full Year Guidance Unchanged First quarter highlights - Sales of $7.5 billion, increased 3.6%

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Revenue: “htm EX-99.1 Document Exhibit 99.1 Ferguson Reports First Quarter Ended March 31, 2026 Solid Start to the Year Full Year Guidance Unchanged First quarter highlights - Sales of $7.5 billion, increased 3.6%.”

Revenue: “Calendar 2026 Guidance (unchanged) 2026 Guidance January 1 - December 31, 2026 Net sales Low to mid-single digit growth Adjusted operating margin* 9.4% - 9.8% Interest expense $200 million Capital expenditures $350 - $400 million Adjusted effective tax rate* 26% * The Company does not reconcile forward-looking non-GAAP measures.”

Revenue — Raised (“increased”)
“htm EX-99.1 Document Exhibit 99.1 Ferguson Reports First Quarter Ended March 31, 2026 Solid Start to the Year Full Year Guidance Unchanged First quarter highlights - Sales of $7.5 billion, increased 3.6%.”

Revenue — Reiterated (“unchanged”)
“Calendar 2026 Guidance (unchanged) 2026 Guidance January 1 - December 31, 2026 Net sales Low to mid-single digit growth Adjusted operating margin* 9.4% - 9.8% Interest expense $200 million Capital expenditures $350 - $400 million Adjusted effective tax rate* 26% * The Company does not reconcile forward-looking non-GAAP measures.”

Classified from the release's primary full-year outlook statement.

Capital allocation

- Declared quarterly dividend of $0.89.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

- Share r epurchases of $236 million durin g the quarter and new $2 billion share repurchase program authorization.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

- Balance sheet remains strong with net debt to adjusted EBITDA of 1.0x.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Calendar 2026 Guidance (unchanged) 2026 Guidance January 1 - December 31, 2026 Net sales Low to mid-single digit growth Adjusted operating margin* 9.4% - 9.8% Interest expense $200 million Capital expenditures $350 - $400 million Adjusted effective tax rate* 26% * The Company does not reconcile forward-looking non-GAAP measures.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Reported diluted earnings per share was $2.13, an increase of 23.1% compared to last year, while adjusted diluted earnings per share of $2.28 increased 9.1% due to the higher adjusted operating profit and the impact of share repurchases.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Taking into account our strong financial position, the Board authorized the repurchase of up to $2.0 billion of Ferguson's outstanding common stock, replacing the company's existing repurchase program.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Strategy & priorities

They are not assurances of future performance and are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions.

SEC original ↗Ferguson Enterprises — Earnings release (8-K exhibit)EX-99May 5, 2026

Risks & headwinds

Legal Proceedings 31 Item 1A.

SEC original ↗Ferguson Enterprises — 10-Q Quarterly report10-QAug 10, 2026

The Company does not expect any of its pending legal proceedings to have a material adverse effect on its results of operations, financial position or cash flows.

SEC original ↗Ferguson Enterprises — 10-Q Quarterly report10-QAug 10, 2026

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

RELX (RELX) IndustrialsThomson Reuters (TRI) IndustrialsFedEx (FDX) IndustrialsVertiv (VRT) IndustrialsCanadian National Railway (CNI) IndustrialsAerCap Holdings (AER) IndustrialsCanadian Pacific Kansas City (CP) IndustrialsGeneral Dynamics (GD) Industrials
Documents

Filings

28 documents

Earnings releases

10 documents

Presentations

0 documents

No presentations for Ferguson Enterprises are held in this edition of the library.

Transcripts

0 documents

No transcripts for Ferguson Enterprises are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Ferguson Enterprises by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.