Ferguson Stock Slips 6% Despite Strong Earnings Growth and Market Confidence
Ferguson Enterprises Inc. (FERG) saw its stock drop 6.35% to $230.20, defying a robust quarterly performance. The company reported a 5.1% rise in net sales to $8.2 billion, fueled by non-residential market demand and strategic acquisitions. Organic revenue grew 4.2%, while margins expanded by 60 basis points to 30.7%.
Operating profit surged 15.9% to $771 million, with adjusted EPS reaching $2.84—a matching 15.9% increase. CEO Kevin Murphy emphasized resilience amid economic headwinds, citing Ferguson’s diversified business model as a buffer against volatility. The dip contrasts with the firm’s raised 2025 outlook and dividend stability.