Ferguson plc (FERG) Tops Q3 EPS by 1c
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Ferguson Reports Third Quarter Results
June 4, 2024 6:45 AM EDTReturn to Volume Growth Driven by Continued Execution
Third quarter highlights
Sales grew 2.4% driven by volume improvement despite continued deflation of approximately 2%. Operating margin of 8.6% (9.2% on an adjusted basis). Diluted earnings per share of $2.18 ($2.32 on an adjusted basis) grew by 33.7% over the prior year (up 5.5% on an adjusted basis). Operating cash flow of $1,507 million on a fiscal year to date basis. Declared quarterly dividend of $0.79, reflecting a 5% increase over the prior year. Completed three acquisitions during the... More