Ferguson Q1 sales rise 3.6% to $7.5 billion; EPS up 23.1%, guidance unchanged
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.
Key points
- 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.
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 May 05, 2026.
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.