Ferguson (FERG) Q3 2025 Earnings Call Transcript
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Ferguson Enterprises (NYSE:FERG) management increased full-year revenue and operating margin guidance for the year, citing Sequential and year-over-year improvement in gross margin and operating profit. The company delivered double-digit sales growth in both HVAC (10%) and Waterworks (12%) customer groups, while nonresidential and commercial segments drove outperformance relative to residential and Canadian operations. Ferguson plc executed targeted restructuring and strategic cost controls, anticipating $100 million of annualized savings and further SG&A leverage into the next fiscal year. Free cash flow reached $1.15 billion year-to-date, with net debt to EBITDA maintained at 1.2x and a heightened pace of capital return and investment. Segment results highlighted continued softness in Canadian residential activity, while U.S. nonresidential bidding momentum and counter conversion initiatives in HVAC supported the reported performance.
Source Fool.com
