Ferguson delivers $9B in Q3 revenue, up 9.5% year over year
Ferguson Enterprises (NYSE:FERG) reported third-quarter 2026 sales of US$9.026 billion, up 9.5% year-over-year, including 7% organic growth.
Gross margin declined 40 basis points to 30.9%, while diluted earnings per share fell 4.9% to US$3.08 from US$3.24, although adjusted diluted EPS increased 7.9% to US$3.43.
Operating profit increased 4.9% to US$885 million, while adjusted operating profit rose 8.9% to US$962 million, and the company declared a US$0.89 quarterly dividend with net debt to adjusted EBITDA at 1.7 times.
Ferguson completed three acquisitions during the quarter, including FloWorks, and another afterward, bringing its 2026 acquisition total to 11 businesses with approximately US$1.5 billion in combined annualized revenue.
The company raised its 2026 sales growth outlook from mid-single digits to approximately 7% and its adjusted operating margin guidance to 9.6%–9.8%, supported by investments in water infrastructure, industrial projects, HVAC and specialized distribution services.
