Q2 2026 Ferguson Enterprises Inc Earnings Call Transcript
Key Points
- Ferguson Enterprises Inc (FERG) reported a revenue of $31.3 billion, marking a 5% increase from the previous year.
- The company achieved an operating profit of $3 billion, representing an 11.3% increase and a 9.6% operating margin.
- Diluted earnings per share rose by 13.4% to $10.58.
- Ferguson Enterprises Inc (FERG) generated strong operating cash flow of $2.2 billion, enabling continued investment in growth areas.
- The company successfully integrated eight acquisitions, contributing to market consolidation and returning $1.6 billion to shareholders through dividends and share repurchases.
- Residential markets, which account for approximately 50% of revenue, faced challenges with new housing starts and permitted activity declining.
- Residential trade plumbing revenue declined by 3% due to headwinds in new construction and RMI construction.
- HVAC revenue decreased by 1%, impacted by industry transitions to new efficiency standards and weak new residential construction activity.
- The company anticipates some gross margin compression in 2026 due to normalization after outsized gains in the previous year.
- Ferguson Enterprises Inc (FERG) expects residential markets to be down low to mid-single-digits in 2026, contributing to a mixed market outlook.
Hello and welcome everyone to the Ferguson's results for the year ended December 31st, 2025. Earnings and a market opportunity and strategy update. My name is Becky and I will be your operator today.
All lines will be muted throughout the presentation portion of the call with a chance for Q&A at the end. If you wish to ask a question in this time, please press star, followed by 1 on your telephone keypads.
I will now hand over to your host, Brian Lance to begin. Please go ahead.
Good morning everyone and welcome to Ferguson's earnings conference call and webcast. Today's call will also cover an update on our market opportunity and strategy. Hopefully you've had a chance to review the earnings announcement we issued this morning.
The announcement is available in the investor section of our corporate website.
And on our SEC filings web page, a recording of this call will be made available later today.
I want to remind
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
