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Ferguson Enterprises Inc.
As of May 21, 2026 at 10:37 UTC
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About Ferguson Enterprises Inc.
Ferguson distributes plumbing and HVAC products to North American repair, maintenance and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 36,000 suppliers. Ferguson engages customers through approximately 1,800 North American branches, over the phone, online, and in residential showrooms. According to Modern Distribution Management, Ferguson is the largest plumbing distributor and second-largest HVAC distributor (next to Watsco) in North America. The firm sold its UK business in 2021 and is now solely focused on the North American market.
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Latest News
5 articlesFerguson Enterprises reported Q1 FY26 earnings with sales of $7.50 billion (up 3.6% YoY) and adjusted EPS of $2.28 (up 9.1% YoY), beating estimates. However, weak residential markets declined 1% due to soft new construction and muted repair/remodeling demand, offsetting stronger non-residential growth of 8%. The company maintained its 2026 outlook for low to mid-single digit sales growth and 9.4-9.8% adjusted operating margin.
Heritage Distribution Holdings, a leading U.S. HVAC/R distributor, announced the appointment of Doug Reichert as Chief Commercial Officer effective immediately. Reichert brings over 20 years of industry experience, most recently as Region President at Carrier Enterprise and previously with Ferguson. He will oversee commercial strategy including pricing, purchasing, marketing, national accounts, and private label operations.
The Living by Design Virtual Showhouse, produced by Embello, has launched its third edition featuring 11 top interior designers and 12 sponsoring brands in a fully virtual experience. The digitally-created 3-bedroom home showcases 13 spaces by award-winning designers including Bobby Berk and LUXE Gold List designers. The virtual tour allows consumers to explore designs unconstrained by budget and directly purchase featured products, with a $5,000 upgrade sweepstakes offered to one winner.
Ferguson Enterprises reported Q4 FY25 earnings that beat consensus estimates, with adjusted operating profit increasing 13.8% Y/Y to $625 million. While residential revenue declined 2% Y/Y due to weak housing markets, non-residential revenue grew 10% driven by strong execution and capital projects. The company projects 2026 net sales growth in low to mid-single digits with adjusted operating margins of 9.4%-9.8%.
U.S. stock futures rose ahead of the Federal Reserve's two-day meeting, with investors anticipating potential interest rate cuts. The market showed mixed performance, with Communication Services and Technology sectors leading gains, while the FOMC's decision on Wednesday is a key focus.
