Ferguson Q2 sales rise 4.6% to $8.8 billion; full-year sales growth outlook raised
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.
Key points
- 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.
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 August 10, 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.