Ferguson saw its sales increase by just over 5% in its latest quarter along with stronger profits and earnings, the company reported Tuesday.
The Virginia-based plumbing and industrial supply giant posted $8.17 billion in net sales for the three months ending Oct. 31, up from $7.77 billion in the sale period last year. Its gross profit rose from $2.34 billion to $2.51 billion over that span and net income jumped from $470 million to $570 million. Gross margin and operating margin also increased by 60 and 80 basis points, respectively, to 30.7% and 9.4%.
Ferguson reported a 4.2% increase in organic sales and a 1% contribution from recent acquisitions, which was narrowly offset by foreign exchange rates and “a divestment in Canada.” The company’s U.S. sales were up 5.3% year-over-year.
Ferguson CEO Kevin Murphy said that the results reflected the execution of the company’s growth strategy despite a “challenging market environment.” The company tightened its forecast for the 2025 calendar year from an earlier projection of sales growth in the “mid-single” digits to the current approximately 5% growth outlook.
“We are poised to deliver a strong calendar year 2025 performance and we remain confident in our markets over the medium term,” Murphy said in a statement. “While we continue to operate in an uncertain environment, we will stay focused on leveraging multiyear tailwinds in both residential and non-residential markets.”
Ferguson also announced a new acquisition on Tuesday. The company said that it added Chicagoland HVAC equipment and supply provider Moore Supply Company during the quarter. Terms of the deal were not disclosed.
Ferguson’s industrial operations came in at no. 15 on ID’s 2025 Big 50 list.
