secwatch.observer — SEC 8-K summary
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Issuer:     Ferguson Enterprises Inc. /DE/ (FERG)
CIK:        0002011641
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0002011641-25-000004
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2011641/000201164125000004/0002011641-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2011641/000201164125000004/ferg-20250311.htm
  HTML page:      https://secwatch.observer/filing/0002011641-25-000004

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