Ferguson PLC delivered strong market outperformance and robust growth in a challenging environment, driven by strategic investments in key areas like HVAC expansion, Waterworks diversification, and large capital projects, while also generating significant operating cash flow and returning capital to shareholders.
- FERGUSON PLC demonstrated robust inorganic growth, completing 9 acquisitions in the fiscal year, with 4 in Q4, strategically expanding its HVAC and Waterworks diversification through key purchases like Manufactured Duct & Supply and Ritchie Environmental.
- The company made significant progress on its HVAC Everywhere strategy, completing over 600 dual trade counter conversions towards a goal of 650 by early 2026, alongside geographic expansion and strategic M&A to serve dual trade professionals.
- Strong performance in large capital projects drove non-residential growth, leveraging a multi-customer group approach for data centers and manufacturing, complemented by the successful rollout of the Ferguson Home unified brand for high-end residential markets.