Ferguson raises sales outlook on nonresidential demand, Q3 beats estimates

Ferguson Enterprises reported adjusted earnings of $3.43 per share, beating the $3.30 estimate, on sales of $9.03 billion that beat the $8.74 billion consensus, up 9.5% year over year. The company raised its sales outlook, driven by nonresidential demand, with organic growth of 7.0% and acquisition growth of 2.7%.

Detected & updated continuously · Source: Nebula