Ferguson Enterprises Inc. reported net sales of $7.62 billion for the third quarter of fiscal year 2025, a 4.3% increase year-over-year. Organic revenue grew by 5.0%, with acquisition growth contributing 1.0%, partially offset by a 1.7% impact from fewer sales days and foreign exchange rates.
Adjusted operating profit increased by 6.1% to $715 million, leading to an adjusted operating margin of 9.4%, a 20 basis point expansion. Adjusted diluted earnings per share rose by 7.8% to $2.50. Gross margin expanded by 50 basis points to 31.0%, driven by value capture actions and moderating deflation.
The company raised its full-year fiscal 2025 guidance, now expecting low to mid-single-digit revenue growth, an increase from the prior low single-digit expectation. The adjusted operating margin range was also raised to 8.5% to 9.0%, up from 8.3% to 8.8%.
Ferguson incurred $68 million in non-recurring business restructuring charges during the quarter, with these measures expected to generate annualized savings of approximately $100 million. The company also completed three acquisitions during the quarter and repurchased $251 million in shares.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.