Ferguson Q2 Beats Across Board, Raises 2026 Outlook on Acquisitions
FERG sits 25% above its 52-week low of $207.64.
Summary
Ferguson delivered a clean Q2 beat with sales of $8.75B (vs. $8.67B consensus), adjusted EPS of $3.39 (vs. $3.29), and adjusted EBITDA of $994M (vs. $968.61M). Organic growth of 3.8% was supplemented by 1.0% from acquisitions, while US non-residential revenue jumped 8%. Management raised the full-year 2026 net sales outlook to mid-single digit growth and guided adjusted operating margin to 9.5%-9.8%, signaling confidence in the integration of five recent acquisitions and the pending $1.6B FloWorks deal. This follows the July 13 FloWorks acquisition announcement and the June LSE delisting, reinforcing the company's US-focused growth strategy. The stock is trading near its 52-week high, and the raised guidance provides a concrete catalyst for further upside.
At the time of this announcement, FERG was trading at $259.34 on NYSE in the Trade & Services sector, with a market capitalization of approximately $49.8B. The 52-week trading range was $207.64 to $271.64. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.