Ferguson Q3 net income falls 6% to $598 million
FERG•Ferguson’s third-quarter net income fell 6% to $598 million, while net sales rose 10% year over year to $9.03 billion. The company raised its full-year 2026 net sales growth guidance to approximately 7%.
1. Quarterly results and outlook
Ferguson’s diluted earnings per share fell to $3.08 in the third quarter ended September 30, 2026, due primarily to prior-year tax benefits. Net sales rose 10% year over year to $9.03 billion, driven by organic growth and acquisitions. Eleven acquisitions completed this year added approximately $1.5 billion in annualized net sales, and Ferguson increased its full-year 2026 net sales growth guidance to approximately 7%, reflecting recent performance and the inclusion of FloWorks.
