Ferguson Enterprises Inc. Stock Surges 13% on Strong Q3 Earnings and Raised Guidance

Ferguson Enterprises Inc. (NYSE: FERG) shares jumped 13.15% to $204.07 following a robust third-quarter earnings report. The company posted $7.6 billion in sales, marking a 4.3% year-over-year increase despite currency headwinds and fewer sales days. Organic growth contributed 5%, while acquisitions added another 1%.

Gross margin expanded by 50 basis points to 31%, driven by improved pricing and moderating deflation. Adjusted operating profit ROSE 6.1% to $715 million, with margins climbing to 9.4%. Adjusted EPS grew 7.8% to $2.50, though reported EPS dipped 5% due to $68 million in restructuring charges.

The company increased its quarterly dividend by 5% to $0.83 and returned $251 million to shareholders via buybacks. Three acquisitions were completed, including two in the U.S. Full-year revenue guidance was raised to low- to mid-single digit growth.