Loading...
•
Oct 31, 2025
Ferguson Q1 2026 Earnings Report
Ferguson delivered solid top and bottom-line growth in a mixed macro environment.
Key Takeaways
Ferguson posted a strong Q1 FY26, with EPS and revenue growth supported by non-residential strength and operational efficiency, despite headwinds in the residential segment.
Revenue rose to $8.17B, driven by 4.2% organic growth and acquisitions.
EPS increased to $2.90, supported by share repurchases and margin expansion.
Non-residential revenue in the U.S. grew 12%, offsetting softness in residential.
The company repurchased $208M in shares and raised its dividend to $0.89.
Revenue by Geographic Location
Forward Guidance
Ferguson expects ~5% net sales growth and adjusted operating margins of 9.4–9.6% for calendar 2025.
Positive Outlook
- Maintained strong balance sheet with 1.1x net debt to adjusted EBITDA
- Non-residential market strength expected to continue supporting growth
- Operational efficiency driving margin expansion
- Increased dividend payout reflects confidence in cash flow
- Positive bidding trends in large capital projects
Challenges Ahead
- Residential markets remain soft due to weak housing starts
- Foreign exchange rates slightly impacted top line growth
- Canadian market remains subdued, especially in residential
- Uncertain macro environment continues to pose challenges
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...