Overview
Ferguson Q1 sales rise 5.1% to $8.2 bln, beating analyst expectations
Adjusted EPS for Q1 beats estimates, rising 15.9%
Company repurchased $208 mln in shares during Q1
Outlook
Ferguson expects 2025 net sales to grow by ~5%
Company projects 2025 adjusted operating margin of 9.4% - 9.6%
Interest expense for 2025 expected to be ~$190 mln
Result Drivers
NON-RESIDENTIAL GROWTH - Non-residential revenue grew 12% driven by scale, expertise, and large capital projects
RESIDENTIAL CHALLENGES - Residential revenue down 1% due to weak housing starts and soft RMI work
GROSS MARGIN IMPROVEMENT - Gross margin improved by 60 bps due to disciplined execution and cost management
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Beat | $8.17 bln | $8.03 bln (14 Analysts) |
Q1 Adjusted EPS | Beat | $2.84 | $2.57 (13 Analysts) |
Q1 EPS | $2.90 | ||
Q1 Adjusted EBITDA | Beat | $867 mln | $800.69 mln (13 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the construction supplies & fixtures peer group is "buy"
Wall Street's median 12-month price target for Ferguson Enterprises Inc is $257.50, about 4.8% above its December 8 closing price of $245.80
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago
Press Release: ID:nBw6CPlZMa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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