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Apr 30, 2025
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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.
Revenue by Geographic Location
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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