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Ferguson PLC ( (FERG) ) has provided an update.
Ferguson PLC reported strong third-quarter results with a 4.3% increase in sales to $7.6 billion, driven by organic growth and acquisitions. The company improved its gross margin to 31.0% and declared a 5% increase in its quarterly dividend. Ferguson’s strategic streamlining actions resulted in non-recurring charges but are expected to yield significant annualized savings. The company updated its full-year guidance to reflect low to mid-single-digit revenue growth, indicating confidence in its market positioning despite a dynamic environment.
More about Ferguson PLC
Ferguson PLC operates in the distribution industry, focusing on providing plumbing and heating products to professional contractors. The company serves both residential and non-residential markets, leveraging its expertise to support complex project needs.
For detailed information about FERG stock, go to TipRanks’ Stock Analysis page.