Business Wire·Nov 9, 2026, 6:45 AM ET

Ferguson Reports Third Quarter Ended September 30, 2026

FERG

Ferguson Enterprises reported third-quarter 2026 net sales of $9.0 billion, a 9.5% increase driven by 7.0% organic growth & 2.7% acquisition growth.
Gross margin decreased to 30.9% (40 basis points lower than prior year) due to temporary supplier price increases.
Reported operating profit was $885 million (9.8% margin), while adjusted operating profit reached $962 million (10.7% margin), up 8.9%.
Diluted earnings per share were $3.08 (down 4.9%), whereas adjusted diluted earnings per share rose to $3.43 (up 7.9%).
The company completed three acquisitions during the quarter, including FloWorks, & one subsequent to quarter-end, bringing the 2026 total to eleven deals with $1.5 billion in annualized revenue.
US sales grew 10.2% with non-residential sales up 15% & residential sales up 6% despite weak new construction activity.
Canada sales declined 4.5% due to foreign exchange headwinds & non-core business divestments.
Full-year 2026 net sales guidance was raised to approximately 7% growth from a prior mid-single digit range.
Net debt to adjusted EBITDA stands at 1.7x following the FloWorks acquisition & $1.7 billion in acquisition spending.
A quarterly dividend of $0.89 per share was declared, payable on January 8, 2027.
The share repurchase program was temporarily paused to finance acquisitions, with plans to resume as leverage returns to the 1-2x target range.
The company priced $1.2 billion in senior unsecured notes & secured a $900 million term loan to fund acquisitions & general corporate purposes.