Ferguson Q1 sales and adjusted EPS rise

Ferguson Enterprises

05/05/2026 11:57

Corrects period in Key Details table to Q1 from Q3

Overview

North America distributor's Q1 sales rose 3.6% year-over-year to $7.5 bln

Adjusted EPS for Q1 increased 9.1% to $2.28

Company authorized new $2 bln share repurchase program

Outlook

Ferguson sees 2026 net sales growing low to mid-single digits

Company expects 2026 adjusted operating margin of 9.4% to 9.8%

Result Drivers

NON-RESIDENTIAL GROWTH - Strong non-residential revenue growth in the US, up 8%, driven by large capital projects and share gains

ORGANIC AND ACQUISITION GROWTH - Sales rose 3.6% with 2.8% organic growth and 0.8% from acquisitions

RESIDENTIAL WEAKNESS - Residential end markets remained challenged, with US residential revenue down 1% due to weak new construction and soft RMI activity

Company press release: ID:nBw5BVj55a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
$7.50 bln
Q1 Adjusted EPS
$2.28


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 $278.00, about 6.6% above its May 4 closing price of $260.80

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

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(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.)