The following is a summary of the Ferguson Enterprises (FERG) Q1 2025 Earnings Call Transcript:
Financial Performance:
Ferguson Enterprises reported Q1 net sales of $7.8 billion, slightly up by 0.8% from the previous year.
Adjusted operating profit was $706 million with a 9.1% margin, showing a decrease from the previous year.
Adjusted diluted EPS of $2.45, decreased by 7.5% year-over-year.
Business Progress:
The company continues to expand in HVAC market and initiatives like counter conversions to sell both HVAC and plumbing materials.
Investments continue in digital tools and technology to support business operations.
Two acquisitions were completed this quarter to consolidate fragmentation and enhance capabilities.
Opportunities:
Committed to organic growth initiatives and continued investment in differentiated sectors such as HVAC.
Expansion in geo-synthetics and soil stabilization for diversified and sustainable growth.
Risks:
Commodity price deflation continues to impact financial performance, putting pressure on gross margin.
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