Ferguson FY2026 Q3: sales up 9.5%, adjusted EPS up 7.9%, guidance raised
Ferguson's FY2026 Q3 was a growth quarter with a raised guide, but the GAAP EPS decline is a reminder that tax timing can distort the headline. Sales rose 9.5% to $9.026 billion, adjusted EPS rose 7.9%, while reported EPS fell 4.9%. The forward view is better because management lifted full-year sales growth to ~7% and kept adjusted margin in the 9.6%-9.8% range.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $3.08, down 4.9%, mostly because the prior-year period had a tax benefit; net income was $598 million. Adjusted diluted EPS was $3.43, up 7.9%, helped by adjusted operating profit of $962 million, up 8.9%. Reported operating profit was $885 million, up 4.9%, so the gap between reported and adjusted figures is largely acquisition and intangible items.
Revenue was $9.026 billion, up 9.5% from $8.245 billion a year earlier. Organic growth contributed 7.0%, acquisitions added 2.7%, and Canada divestments subtracted 0.2%. The US segment did the heavy lifting with 10.2% sales growth, while Canada fell 4.5%.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-09
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