Shares of Ferguson plc (FERG), a distributor of plumbing and heating products, are rising more than 3% Tuesday morning after reporting better-than-expected fourth-quarter results.
Net income in the fourth quarter slightly increased to $584 million or $2.85 per share from $580 million or $2.72 per share in the same quarter a year ago.
Excluding one-time items, earnings were $568 million or $2.77 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $2.46 per share.
Net sales were $7.838 billion, 1.7% below last year. The consensus estimate was for $7.6 billion.
FERG is at $156.20 currently. It has traded in the range of $99.16 - $164.00 in the last 1 year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.