Ferguson Q2 sales slightly beats on acquisitions; raises 2026 outlook
FERG•Key figures and analyst view
| Metric | Actual | Consensus Estimate |
|---|---|---|
| Q2 Sales | $8.75 billion | $8.67 billion |
| Q2 Adjusted EPS | $3.39 | $3.29 |
| Q2 EPS | $3.43 | |
| Q2 Adjusted EBITDA | $994 million | $968.61 million |
The current average analyst rating on the shares is "buy," with 16 "strong buy" or "buy," 8 "hold," and 1 "sell" or "strong sell." The average consensus recommendation for the construction supplies and fixtures peer group is "buy."
Wall Street's median 12-month price target for Ferguson Enterprises Inc is $285.00, about 11% above its August 7 closing price of $256.69.
Q2 results and sales drivers
Ferguson said second-quarter sales rose 4.6%, slightly beating analyst expectations. Adjusted earnings per share for the quarter also beat analyst expectations.
The company completed five acquisitions and said sales growth was driven by organic growth and acquisitions, partly offset by a divestment.
Non-residential strength and residential softness
U.S. non-residential revenue increased 8% as scale, expertise, and value-added solutions drove share gains.
Residential end markets remained subdued, with new construction and RMI activity weak, though residential revenue grew 2% in the U.S.
2026 outlook raised
Ferguson raised its 2026 net sales outlook to mid-single-digit growth.
