Ferguson Q3 adjusted EBITDA beats estimates, raises guidance
FERG•Ferguson’s Q3 adjusted EBITDA was $1.03 billion, above the $985.85 million consensus estimate, while sales rose 9.5% year over year. The company raised its 2026 net sales growth outlook to about 7% and expects an adjusted operating margin of 9.6%-9.8%.
1. Quarterly results
Ferguson reported Q3 adjusted EBITDA of $1.03 billion, beating analyst expectations of $985.85 million. Sales rose 9.5% year over year, with non-residential sales up 15%.
2. Raised outlook
The company raised its 2026 net sales growth guidance to about 7%, from mid-single-digit growth, and expects an adjusted operating margin of 9.6%-9.8%. It anticipates capital expenditures of about $425 million in 2026.
3. Growth drivers and pressures
Ferguson completed three acquisitions in Q3, including FloWorks. It said residential end markets remained pressured by weak new construction and continued softness in repair, maintenance and improvement work.
