---
schema_version: "secwatch.filing_event.v1"
accession: "0002011641-25-000004"
form_type: "8-K"
ticker: "FERG"
cik: "0002011641"
company_name: "Ferguson Enterprises Inc. /DE/"
filed_at: "2025-03-11T23:59:59+00:00"
generated_at: "2026-05-25T00:12:46.991020+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ferguson Q2 sales +3% to $6.9B; adjusted op margin misses; FY guide cut to 8.3%-8.8%

## Summary
- Sales $6.9B (+3%); volume up 5%, deflation ~2%; adjusted EPS $1.52 vs $1.74 last year.
- Adjusted operating margin 6.5% in Q2 (down 130 bps); FY guidance reduced to 8.3%-8.8% from 9.0%-9.5%.
- Dividend raised 5% to $0.83/share; $1B added to share repurchase program; $252M repurchased in Q2.
- Completed Templeton/TEMSCO acquisition; signed definitive agreement to buy Independent Pipe & Supply.
- US revenue +3% (non-residential +4%); Canada +3.2% (ex-FX); net debt/EBITDA 1.2x.

## SEC filing metadata
- accession: 0002011641-25-000004
- form_type: 8-K
- ticker: FERG
- cik: 0002011641
- company_name: Ferguson Enterprises Inc. /DE/
- filed_at: 2025-03-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2011641/000201164125000004/0002011641-25-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2011641/000201164125000004/ferg-20250311.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002011641-25-000004
- JSON: https://secwatch.observer/filing/0002011641-25-000004.json
- Plain text: https://secwatch.observer/filing/0002011641-25-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.