Ferguson Reports 3.6% Sales Growth and Strong Non-Residential Demand in Q1 2026
- brg_news_room
- May 8
- 1 min read
US: Ferguson Enterprises reported Q1 2026 net sales of USD 7.5 billion, up 3.6% year-on-year, with gross margin improving 30 basis points to 31.0% and operating margin rising 120 basis points to 8.2%. Diluted earnings per share increased 23.1% to USD 2.13, while adjusted diluted earnings per share rose 9.1% to USD 2.28, supported by strong non-residential revenue growth and ongoing large capital project activity. The company completed two acquisitions during the quarter, another after quarter-end, and signed agreements for three additional acquisitions, with the six transactions expected to contribute approximately USD 350 million in annualized revenue across water, HVAC, and industrial sectors. Ferguson also announced USD 236 million in share repurchases during the quarter, authorized a new USD 2 billion share repurchase program, declared a quarterly dividend of USD 0.89 per share, and maintained its 2026 guidance for low to mid-single digit sales growth and adjusted operating margins between 9.4% and 9.8%.
Source: Ferguson
