(Adds Outlook, dividend, stock movement)
Ferguson Enterprises Inc. (FERG) intends to pay a quarterly dividend of $0.79 per share on November 8, to stockholders of record as of September 27. This brings the total full-year dividend to $3.16 per share, up 5 percent from last year.
Looking ahead, for the full year, the company expects low single digit sales growth, with a capital expenditure of $400 million to $450 million.
FERG was trading down by 3.01 percent at $191.29 in the pre-market trade on the Nasdaq.
Q4 Results:
Ferguson Enterprises Inc. (FERG) revealed a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $451 million, or $2.23 per share. This compares with $584 million, or $2.85 per share, in last year's fourth quarter.
Excluding items, Ferguson Enterprises Inc. reported adjusted earnings of $602 million or $2.98 per share for the period.
Analysts on average had expected the company to earn $2.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.4% to $7.946 billion from $7.838 billion last year.
Ferguson Enterprises Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $451 Mln. vs. $584 Mln. last year.
-EPS (Q4): $2.23 vs. $2.85 last year.
-Revenue (Q4): $7.946 Bln vs. $7.838 Bln last year.
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