FERG 10-K Annual Reports

Ferguson Enterprises Inc. (FERG) reported a solid fiscal year 2025, with net sales increasing by 3.8% to $30.8 billion, driven by higher sales volume and strategic acquisitions. While operating profit saw a slight decrease of 1.7% to $2.6 billion, this was primarily attributed to $80 million in non-recurring restructuring expenses. Excluding these one-time costs, adjusted operating profit saw a modest increase of 0.6%, reflecting management's success in capturing value and favorable supplier pricing. Diluted earnings per share rose by 9.3% to $9.32, or 2.6% on an adjusted basis, boosted by share repurchases and a favorable tax adjustment related to corporate restructuring. The company continues to demonstrate strong operational performance, with net cash provided by operating activities increasing by 1.9% to $1.9 billion. Ferguson's strategic focus on expanding its distribution network, with 1,519 branches in the U.S. and 227 in Canada, and its commitment to both residential and non-residential markets, position it well for continued growth. The company also remains active in capital allocation, investing $301 million in acquisitions and $305 million in capital expenditures, while also returning capital to shareholders through dividends and share repurchases.

Ferguson Enterprises Inc. reported its fiscal year 2024 results, a period marked by a slight dip in net sales but resilient profitability. Net sales for the year were $29.6 billion, a modest decrease of 0.3% compared to the prior year, attributed to price deflation and lower sales volumes, partially offset by acquisitions and an extra sales day. Despite the slight revenue decline, the company maintained its operating profit and reported diluted earnings per share of $8.53. A notable event during the year was the completion of a merger that established Ferguson Enterprises Inc. as a Delaware corporation, with Ferguson plc becoming a wholly owned subsidiary. The company continued its focus on strategic initiatives, including investing in new market distribution centers and technology, alongside a robust share repurchase program. The balance sheet remains solid with total debt at $3.9 billion and significant liquidity available from undrawn debt facilities, positioning the company to fund operations and strategic investments.