Ferguson plc (FERG) Tops Q3 EPS by 3c; Maintains Guidance

Ferguson plc (NYSE: FERG) reported Q3 EPS of $2.84, $0.03 better than the analyst estimate of $2.81. Revenue for the quarter came in at $7.93 billion versus the consensus estimate of $7.73 billion.

GUIDANCE:

The company maintained FY2023 guidance:

• Net sales growth of low single digits driven by market outperformance and completed acquisitions
• Adjusted operating margin of 9.3% to 9.9%
• Interest expense of $170 - $190 million
• Adjusted effective tax rate of approximately 25%
• Capital expenditures of $350 - $400 million

For earnings history and earnings-related data on Ferguson plc (FERG) click here.

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