---
schema_version: "secwatch.filing_event.v1"
accession: "0002011641-25-000025"
form_type: "8-K"
ticker: "FERG"
cik: "0002011641"
company_name: "Ferguson Enterprises Inc. /DE/"
filed_at: "2025-09-16T23:59:59+00:00"
generated_at: "2026-05-17T06:33:41.383489+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ferguson Q4 sales $8.5B (+6.9%), EPS $3.55; shifts fiscal year to calendar, guides FY2025 op margin 9.2-9.6%

## Summary
- Q4 sales $8.5B (+6.9% YoY); adjusted EPS $3.48 (+16.8%); gross margin 31.7% (+70 bps).
- Full-year sales $30.8B (+3.8%); adjusted operating margin 9.2%; net debt/EBITDA 1.1x.
- Dividend raised 5% to $3.32/share; Q4 dividend $0.83 payable Nov 7; share repurchases $948M in FY.
- Fiscal year changes to Dec 31; five-month transition period Aug-Dec 2025; first calendar FY begins Jan 1 2026.
- Calendar 2025 guidance: mid-single digit revenue growth; adj op margin 9.2%-9.6%; capex $300-350M.

## SEC filing metadata
- accession: 0002011641-25-000025
- form_type: 8-K
- ticker: FERG
- cik: 0002011641
- company_name: Ferguson Enterprises Inc. /DE/
- filed_at: 2025-09-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2011641/000201164125000025/0002011641-25-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2011641/000201164125000025/ferg-20250911.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0002011641-25-000025
- JSON: https://secwatch.observer/filing/0002011641-25-000025.json
- Plain text: https://secwatch.observer/filing/0002011641-25-000025.txt

## Key facts
- Governance Changes
  Ferguson Enterprises Inc. /DE/: Bylaws amended and restated to reflect new fiscal year end of December 31 (effective 2025-09-11).
  - Change: bylaw amendment
  - Effective: 2025-09-11
  source text: On September 11, 2025, in connection with the fiscal year change discussed above, the Board amended and restated the Company’s Amended and Restated Bylaws (as amended and restated, the “Bylaws”) to provide that the fiscal year of the Company shall end on December 31 of each year
  evidence_url: https://www.sec.gov/Archives/edgar/data/2011641/000201164125000025/0002011641-25-000025-index.htm
- Governance Changes
  Ferguson Enterprises Inc. /DE/: Board approved changing fiscal year end from July 31 to December 31 (effective 2025-09-11).
  - Change: fiscal year change
  - Effective: 2025-09-11
  source text: On September 11, 2025, the Board of Directors of the Company (the “Board”) approved changing the Company’s fiscal year from a fiscal year ending on July 31 of each year to a fiscal year ending on December 31 of each year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2011641/000201164125000025/0002011641-25-000025-index.htm

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