Ferguson Enterprises Inc. (NYSE:FERG) posted better-than-expected fourth-quarter results on Tuesday.
Ferguson Enterprises reported fourth-quarter 2024 sales of $8.5 billion, a 6.9% increase from last year, beating analyst estimates of $8.41 billion. Adjusted earnings per share were $3.48, ahead of expectations of $2.88 and up 16.8% from the prior year. GAAP diluted EPS was $3.55, up 59.2% from $2.23.
Ferguson expects mid-single-digit revenue growth for calendar 2025. Adjusted operating margin is projected between 9.2% and 9.6%, compared with 9.1% in calendar 2024.
Interest expense is forecast between $180 million and $200 million. Capital expenditures are planned to range from $300 million to $350 million, which is slightly lower than …