Ferguson Enterprises Inc. reported second quarter 2026 results that surpassed analyst expectations, driven by market outperformance in the U.S. non-residential sector. Total sales grew 4.6% as organic growth and acquisition contributions offset residential market weakness, leading management to raise full-year revenue and margin guidance.
Key Highlights
- Organic revenue growth reached 3.8%, significantly outperforming the 3.1% consensus expectation for the period.
- Diluted earnings per share of $3.43 increased 6.9% year-over-year, beating the $3.29 estimate.
- U.S. non-residential revenue grew 8% due to strong bidding activity and healthy open order volumes in large capital projects.
- Management increased the full-year 2026 net sales outlook to mid-single digit growth and narrowed the adjusted operating margin range to 9.5%–9.8%.