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Apr 30
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Ferguson Q3 2025 Earnings Report
Ferguson delivered strong Q3 results, driven by volume growth and improved margins despite one fewer sales day.
Key Takeaways
Ferguson reported solid third-quarter performance with growth in revenue and adjusted earnings, supported by market outperformance, acquisition contributions, and streamlining efforts.
Revenue grew to $7.6B, up 4.3% year-over-year.
Adjusted EPS rose to $2.50, driven by higher operating profit and share repurchases.
Net income was $410M, down 5% due to restructuring charges.
Streamlining actions incurred $68M in charges but are expected to save $100M annually.
Ferguson
Ferguson
Ferguson Revenue by Segment
Ferguson Revenue by Geographic Location
Revenue by Segment
USA Revenue
CapyFin.comCanada Revenue
CapyFin.comRevenue by Geographic Location
USA Revenue
CapyFin.comCanada Revenue
CapyFin.com Forward Guidance
Ferguson raised FY25 guidance, projecting low to mid-single digit revenue growth and higher adjusted margins.
Positive Outlook
- Full-year revenue growth outlook increased to low-to-mid single digits.
- Adjusted operating margin guidance raised to 8.5%–9.0%.
- Expected $100M annual savings from restructuring actions.
- Continued investment in strategic growth areas.
- Confidence in both residential and non-residential market tailwinds.
Challenges Ahead
- Uncertain macroeconomic environment remains a risk.
- Residential market activity remains subdued.
- Foreign exchange continues to present headwinds.
- Impact of one fewer sales day affected top-line growth.
- Commodity price weakness pressures pricing dynamics.
Revenue & Expenses
Visualization of income flow from segment revenue to net income