Ferguson Enterprises Inc. (NYSE:FERG) on Tuesday reported March quarter FY26 results.

Earnings Snapshot

Sales for the March ending quarter rose 3.6% year over year (Y/Y) to $7.50 billion, beating the $7.4 billion estimate. Adjusted EPS rose 9.1% Y/Y to $2.28, which beat the $2.19 estimate.

The plumbing and air solutions provider stated that the revenue increase reflected 2.8% organic growth and 0.8% acquisition growth.

Gross margin expanded 30 basis points to 31.0% in the quarter. Adjusted operating profit increased 8.4% Y/Y to $647 million, with the margin expanded by 40 basis points Y/Y to 8.7% in the quarter.

Ferguson reported an adjusted EBITDA of $711 million, up 9.2% Y/Y.

Segment Performance

U.S. net sales rose 3.5%, led by 2.9% organic growth ...