Prior view was low to mid-single digits. FY25 consensus $30.68B. Raises FY25 adjusted operating margin view to 9.2%-9.6% from 8.5%-9%. “Ferguson (FERG) is changing its fiscal year-end from July 31 to December 31. This change allows our associates to remain focused on our customers during our busiest season. Following a five-month transition period (August 1, 2025 to December 31, 2025), we will begin reporting on a calendar year basis effective January 1, 2026.”
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