Ferguson plc (FERG) Tops Q2 EPS by 4c

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Ferguson Reports First Quarter Results

December 5, 2023 6:45 AM EST

Solid Performance with Full Year Guidance Unchanged

First quarter highlights

Sales decline of 2.8%, against a 16.6% prior year growth comparable. Operating margin of 9.6% (10.0% on an adjusted basis) in the quarter. Diluted earnings per share of $2.54 ($2.65 on an adjusted basis). Operating cash flow of $557 million, an increase of $59 million over the prior year. Declared quarterly dividend of $0.79, reflecting a 5% increase over the prior year. Completed one acquisition during the quarter. Share repurchases of $108 million during the quarter with an outstanding balance of approximately $400 million... More