Ferguson Enterprises raised its full-year 2026 guidance following a second quarter in which sales rose 4.6 percent to 8.8 billion dollars and adjusted diluted earnings per share increased 5.3 percent to 3.39 dollars. The company now expects mid-single-digit net sales growth for calendar 2026, up from its prior low-to-mid-single-digit outlook, and tightened its adjusted operating margin forecast to a range of 9.5 to 9.8 percent. During the quarter Ferguson completed five acquisitions and signed a definitive agreement to buy FWI Holdings, known as FloWorks, a distributor of technical valves and flow control solutions, with the deal expected to close in the third quarter. The company also declared a quarterly dividend of 89 cents and repurchased 202 million dollars of its shares, while net debt to adjusted EBITDA stood at 1.3 times.
Ferguson PlcRaised full-year guidance and beat Q2 estimates
Acquisition by Ferguson expected to close in Q3
