What were the primary drivers of Ferguson's revenue growth in this quarter?

Ferguson's net sales increased by 5.1% to $8.2 billion, primarily driven by price inflation (approximately 3%), incremental sales from acquisitions (1.0%), and higher sales volume. Growth was particularly strong in the non-residential markets within the United States segment.

How did the company's profitability change compared to the previous year?

Profitability improved significantly. Operating profit increased by 15.9% to $771 million, and net income rose by 21.3% to $570 million. The gross profit margin also expanded to 30.7% from 30.1%, attributed to management's actions to better capture value.

What is the company's stance on liquidity and debt?

Ferguson maintains a strong liquidity position with $526 million in cash and cash equivalents and $2.4 billion in available liquidity from undrawn debt facilities as of October 31, 2025. Total debt stood at $4.1 billion, and the company stated it was in compliance with all debt covenants and anticipated meeting its debt obligations.

How is the company returning value to shareholders?

Ferguson is returning value through both dividends and share repurchases. The company paid $164 million in dividends and repurchased $208 million of its shares during the quarter. The company has a substantial ongoing share repurchase program, with $4.2 billion completed out of an authorized $5.0 billion.

FERG 10-Q Quarterly Report Q1 FY2026 — Revenue, Net Income, EPS

Summary

Ferguson Enterprises Inc. reported strong financial performance for the quarter ended October 31, 2025. Net sales increased by 5.1% to $8.2 billion, driven by a combination of price inflation, incremental sales from acquisitions, and higher sales volume, particularly in non-residential markets in the United States. This top-line growth translated into a significant increase in profitability, with operating profit rising by 15.9% and net income surging by 21.3% to $570 million. Diluted earnings per share (EPS) also saw a substantial increase of 23.9% to $2.90, reflecting both improved net income and the positive impact of ongoing share repurchase programs. The company maintained a healthy cash flow from operations, generating $430 million, which supports its strategic investments in capital expenditures and acquisitions, as well as continued shareholder returns through dividends and share buybacks. Ferguson's robust financial position and operational execution demonstrate resilience and growth in the current market.

Financial Highlights

49 data points

Beta

Revenue

$8.17B

0.3% Gross Margin

Net Income

$570.00M

0.1% Net Margin

EPS (Diluted)

$2.90

Total Assets

$17.69B

Cash & Equivalents

$526.00M

Free Cash Flow

$430.00M

Financial Statements

Beta

Revenue	$8.17B
Cost of Revenue	$5.66B
Gross Profit	$2.51B
SG&A Expenses	$1.64B
Operating Income	$771.00M
Net Income	$570.00M
EPS (Basic)	$2.91
EPS (Diluted)	$2.90
Shares Outstanding (Basic)	196.20M
Shares Outstanding (Diluted)	196.60M

Key Highlights

1Net sales grew 5.1% year-over-year to $8.2 billion, driven by price inflation, acquisitions, and volume.
2Operating profit increased by 15.9% to $771 million, indicating improved operational efficiency and sales leverage.
3Net income saw a significant rise of 21.3% to $570 million.
4Diluted Earnings Per Share (EPS) grew by 23.9% to $2.90, boosted by higher net income and share repurchases.
5Net cash provided by operating activities increased by 24.6% to $430 million.
6Gross profit margin improved to 30.7% from 30.1% in the prior year's quarter due to pricing initiatives.
7The United States segment showed strong growth, with net sales up 5.3% and adjusted operating profit up 15.6%, driven by non-residential markets.

Ferguson Enterprises Inc. /DE/ Quarterly Report for Q1 Ended Oct 31, 2025

Summary

Financial Highlights

Key Highlights

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