Ferguson reports Q4 adjusted EPS $3.48, consensus $3.01

Reports Q4 revenue $8.5B, consensus $8.39B. Kevin Murphy, Ferguson (FERG) CEO, commented “Our associates delivered strong results to finish the year, as they continued to serve our customers and execute our strategy in a challenging market environment. Throughout the year, we invested in key growth areas to drive further organic growth, completed nine acquisitions, grew our dividend and continued to execute our share buyback program, while maintaining a strong balance sheet. While we continue to operate in an uncertain environment, we remain confident in our markets over the medium term, leveraging multiyear tailwinds in both residential and non-residential markets as we invest to support the complex project needs of the water and air specialized professional.”