Ferguson

Ferguson reported Q ending June 30 sales up 4.6% to $8.8 billion, led by an 8% rise in US non-residential revenue and continued share gains despite weak housing. Management raised full-year sales guidance to mid-single-digit growth and closed multiple acquisitions, including the announced FloWorks deal, adding about $1.4 billion in annualized revenue from eight deals this year. Adjusted operating profit grew slower than sales, gross margin slipped 20 basis points to 31.0%, and net debt rose to 1.3x adjusted EBITDA, while the company returned cash via buybacks and a $0.89 dividend. » More on finance.yahoo.com

Ferguson has priced a public offering of senior unsecured notes totaling $1.2 billion. The issue is split into $700 million with a 4.800% coupon (maturing 2029) and $500 million with a 5.600% coupon (maturing 2036); Ferguson UK Holdings Limited provides a guarantee. Net proceeds, together with a credit facility, will be used to finance the acquisition of FWI Holdings; any surplus will be used for general corporate purposes, including debt repayment. J.P. Morgan Securities and BofA Securities act as joint book‑running managers, closing subject to customary conditions. » More on de.investing.com

Ferguson reported net revenue of $8.8bn for Q2 2026 (+4.6% y/y) and showed stronger underlying operational performance. However, the company recorded a discrepancy in its earnings figures (reported diluted EPS +5.3% to $3.39, while an adjusted EPS of $0.04 was also reported, missing analyst expectations). Ferguson raised its 2026 revenue guidance to mid-single-digit growth, increased the lower end of its operating margin guidance to 9.5–9.8%, and expects the acquisition of FloWorks in Q3 to be immediately accretive to adjusted earnings. » More on de.investing.com

Ferguson will be added to the S&P 500 starting Wednesday and will replace Electronic Arts, which is leaving the index due to an acquisition. The stock climbed 6.72 percent on Monday to $250.08, driven by expected inflows of institutional funds since around $20 trillion is tied to the index. Ferguson generates the bulk of its business in North America, posts more than $30 billion in revenue and has a market capitalization of roughly $45 billion. The stock trades at a price-to-earnings ratio of about 24; analysts have an average price target of around $286. » More on finanzen.net

Ferguson shares gained about 7.1% in pre-market trading as investors positioned themselves ahead of the company's S&P 500 inclusion effective August 5. The announced acquisition of FloWorks is expected to add roughly $1 billion in revenue at about 10× EBITDA and generate synergies of approximately $45 million, while Ferguson aims for a target leverage of 1x–2x net debt/EBITDA. Several analysts raised their ratings (Truist: Buy/300 USD; Zelman: Outperform/285 USD; Goldman: Neutral/265 USD), with the consensus at around $287. The market also expects further impetus from quarterly results on August 10, which has led the stock to significantly outperform the broader market. » More on de.investing.com