Aug 11, 4:15 PM ET
Ferguson Enterprises entered into a $700 million bridge credit facility and a $900 million term loan facility, both with JPMorgan Chase Bank as administrative agent, to help fund its acquisition of FWI Holdings, Inc. (FloWorks). The bridge loan is available only if the company lacks other bank or capital markets financing sufficient to fund the deal, and both facilities depend on the acquisition closing.
- Bridge credit facility of up to $700 million, unsecured, maturing 364 days after funding
- Term loan facility of up to $900 million, unsecured, maturing three years after funding
- Both facilities require a maximum net leverage ratio of 3.50 to 1.00, stepping up to 4.00 to 1.00 after certain material acquisitions
Read the filing on SEC.gov ↗
Aug 10, 6:50 AM ET
Ferguson reported second-quarter 2026 net sales of $8.8 billion, up 4.6%, and reported diluted earnings per share of $3.43, up 6.9% from a year earlier. The company raised its calendar 2026 net sales growth outlook to mid-single digits from low to mid-single digits, and its adjusted operating margin range narrowed to 9.5% to 9.8% from 9.4% to 9.8%, with the guidance excluding the pending FloWorks acquisition.
- Net sales were $8,751 million, up 4.6%; gross margin was 31.0%, down 20 basis points.
- Reported diluted EPS was $3.43, up 6.9%; adjusted diluted EPS was $3.39, up 5.3%.
- Updated 2026 capital expenditure guidance is $375 million to $425 million, up from $350 million to $400 million.
- The company signed an agreement to acquire FWI Holdings (FloWorks), expected to close in the third quarter, and repurchased $202 million of shares in the quarter.
Read the filing on SEC.gov ↗
May 5, 6:50 AM ET
Ferguson reported first-quarter 2026 net sales of $7.5 billion, up 3.6%, and reported diluted earnings per share of $2.13, up 23.1% from $1.73. Adjusted diluted EPS rose 9.1% to $2.28, and the company left its full-year 2026 guidance unchanged. The company also authorized a new $2 billion share repurchase program and is reviewing its London Stock Exchange listing, which could result in its cancellation.
- Net sales of $7,472 million, up 3.6%; organic growth was 2.8% and acquisitions added 0.8%.
- Reported operating margin was 8.2%, up 120 basis points; adjusted operating margin was 8.7%.
- Share repurchases of $236 million in the quarter; new $2.0 billion authorization with no expiration date.
- Quarterly dividend of $0.89 declared, payable July 8, 2026; LSE listing review expected to be completed in the second quarter of 2026.
Read the filing on SEC.gov ↗
Feb 24, 6:50 AM ET
Ferguson reported unaudited results for the calendar year ended December 31, 2025, with net sales up 5.0% to $31.3 billion and reported diluted earnings per share up 24.2% to $10.16. It also issued 2026 guidance calling for low to mid-single digit sales growth and a 9.4% to 9.8% adjusted operating margin, and it repurchased $0.9 billion of shares during 2025 while keeping its quarterly dividend at $0.89.
- Calendar 2025 net sales $31.3 billion, up 5.0%; reported diluted EPS $10.16 vs. $8.18, up 24.2%; adjusted diluted EPS $10.58, up 13.4%
- Calendar 2026 guidance: net sales low to mid-single digit growth, adjusted operating margin 9.4% to 9.8%, capital expenditures $350 million to $400 million
- Fourth quarter net sales $7.5 billion, up 3.6%; diluted EPS $1.99 vs. $1.78; non-residential revenue up 10% while residential revenue fell 2%
- Results are unaudited; audited figures are expected in a Transition Report on Form 10-KT on February 27, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
