Ferguson Q4 sales rise 1.4%; reported EPS falls 21.8% on one-time tax charge
Ferguson reported fourth-quarter sales of $7.9 billion, up 1.4%, and full-year sales of $29.6 billion, down 0.3%, for the periods ended July 31, 2024. Reported diluted EPS fell 21.8% in the quarter to $2.23, mainly due to one-time, non-cash deferred tax charges from the new corporate structure, while adjusted EPS rose 7.6% to $2.98. The company also guided fiscal 2025 to low single digit net sales growth and a 9.0% to 9.5% adjusted operating margin.
Key points
- Q4 net sales of $7,946 million, up 1.4%; reported diluted EPS of $2.23 versus $2.85 a year earlier
- Full-year reported diluted EPS of $8.53, down 6.5%; adjusted diluted EPS of $9.69, down 1.5%
- Discrete tax adjustments included $137 million in one-time, non-cash deferred tax charges tied to the Merger
- FY2025 guidance: low single digit net sales growth, adjusted operating margin of 9.0% to 9.5%, and a $0.79 quarterly dividend payable November 8, 2024
The filing
Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 17, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.