Ferguson Enterprises 2025 Outlook Updates Net Sales To ~5% Growth Vs Mid-Single Digit, Keeps Adjusted Operating Margin 9.4%–9.6%, And Lifts Capex To ~$350M
Benzinga12-09
Calendar 2025 Guidance
Updated Calendar 2025 Guidance
January 1 - December 31, 2025
Prior Calendar 2025 Guidance
January 1 - December 31, 2025
Net sales
~5% growth
Mid-single digit growth
Adjusted operating margin*
9.4% - 9.6%
9.2% - 9.6%
Interest expense
~$190 million
$180 - $200 million
Capital expenditures
~$350 million
$300 - $350 million
Adjusted effective tax rate*
~26%
~26%
* The Company does not reconcile forward-looking non-GAAP measures. See "Non-GAAP Reconciliations and Supplementary information".
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