Quarterly ResultMay 5, 2026, 06:52 AM
Ferguson Q1 Sales $7.5B, EPS $2.13; Authorizes $2B Share Buyback
AI Summary
Ferguson Enterprises Inc. reported solid first-quarter results for the period ended March 31, 2026, with sales increasing 3.6% to $7.5 billion and diluted earnings per share rising 23.1% to $2.13. The company also announced a new $2.0 billion share repurchase program and declared a quarterly dividend of $0.89 per share. Despite a challenging market, Ferguson maintained its full-year calendar 2026 guidance and continued its acquisition strategy, completing two deals in the quarter and signing agreements for three more. The company is also reviewing its London Stock Exchange secondary listing.
Key Highlights
- Sales increased 3.6% to $7.5 billion for the quarter ended March 31, 2026.
- Diluted earnings per share rose 23.1% to $2.13 ($2.28 adjusted, up 9.1%).
- Board authorized a new $2.0 billion share repurchase program.
- A quarterly dividend of $0.89 per share was declared.
- Gross margin improved to 31.0%, up 30 basis points from prior year.
- Operating margin was 8.2%, up 120 basis points (adjusted 8.7%, up 40 bps).
- Completed two acquisitions in Q1, one subsequent, and signed three definitive agreements.
- Full-year calendar 2026 guidance remains unchanged.