Ferguson Enterprises Inc. (FERG) revealed a profit for third quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $410 million, or $2.07 per share. This compares with $443 million, or $2.18 per share, last year.
Excluding items, Ferguson Enterprises Inc. reported adjusted earnings of $496 million or $2.50 per share for the period.
Analysts on average had expected the company to earn $2.02 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 4.3% to $7.621 billion from $7.308 billion last year.
Ferguson Enterprises Inc. earnings at a glance (GAAP) :
-Earnings: $410 Mln. vs. $443 Mln. last year.-EPS: $2.07 vs. $2.18 last year.-Revenue: $7.621 Bln vs. $7.308 Bln last year.
The company has declared a quarterly dividend of $0.83 per share, representing a 5% year-on-year growth. The dividend will be paid on August 6 to stockholders of record as of June 20.
Looking ahead, the company has revised up its annual outlook.
Kevin Murphy, CEO of Ferguson, said: “While we are in a dynamic and uncertain environment, given the strong performance in the quarter we are updating our full year guidance.”
Ferguson now anticipates an annual adjusted operating margin of 8.5 to 9%, compared with the prior outlook of 8.3 to 8.8%. The company now projects low to mid-single digit sales growth against the prior guidance of low single digit sales growth.
The company now expects annual capital expenditure of $300 million to $350 million, compared with the earlier outlook of $325 million to $375 million.
FERG was up by 8.23% at $195.20 in the pre-market trade on the New York Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.