Ferguson Enterprises said net sales for the 3 months ended July 31, 2025 were $8.5 billion, up 6.9%, and adjusted operating profit was $972 million (adjusted operating margin of 11.4%). Gross margin was 31.7%, up 70 basis points.

1. 01

   Ferguson Enterprises said net sales for the 3 months ended July 31, 2025 were $8.5 billion, up 6.9%, and adjusted operating profit was $972 million (adjusted operating margin of 11.4%). Gross margin was 31.7%, up 70 basis points.

2. 02

   The company said net sales for fiscal 2025 were $30.8 billion, up 3.8%, and diluted earnings per share were $9.32 ($9.94 on an adjusted basis). Adjusted operating margin was 9.2%, down 30 basis points.

3. 03

   Ferguson said operating cash flow for fiscal 2025 was $1,908 million, and it used $948 million for share repurchases and $301 million for acquisitions (net of cash acquired). As of July 31, 2025, net debt to adjusted EBITDA was 1.1x.

4. 04

   The company said the Board approved changing the fiscal year-end from July 31 to December 31 on September 11, 2025, and following a 5-month transition period from August 1, 2025 to December 31, it will report on a calendar year basis beginning January 1, 2026. It also provided 2025 calendar year guidance of mid-single digit revenue growth and adjusted operating margin of 9.2% to 9.6%.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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