Ferguson plc (FERG) Tops Q3 EPS by 1c
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Ferguson plc (NYSE: FERG) reported Q3 EPS of $2.32, $0.01 better than the analyst estimate of $2.31. Revenue for the quarter came in at $7.31 billion versus the consensus estimate of $7.32 billion.
FY2024 Guidance
| Prior 2024 Guidance | Updated 2024 Guidance |
Net sales* | Broadly flat | Broadly flat |
Adjusted operating margin** | 9.2% - 9.8% | 9.2% - 9.6% |
Interest expense | $190 - $210 million | $175 - $185 million |
Adjusted effective tax rate** | Approximately 25% | Approximately 25% |
Capital expenditures | $400 - $450 million | $350 - $400 million |
* Net sales guidance assumes mid-single digit market decline with continued Company market outperformance, contribution from completed acquisitions and one additional sales day. Overall impact of price deflation now expected to be approximately 2% for the fiscal year (previously ‘broadly neutral’). | ||
** The Company does not reconcile forward-looking non-GAAP measures. See “Non-GAAP Reconciliations and Supplementary information”. | ||
For earnings history and earnings-related data on Ferguson plc (FERG) click here.
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