earnings
Ferguson Finishes Fiscal 2025 Strong, Driven by 15% Non-Residential Growth (FERG Q4 2025 Earnings Call)
Ferguson closed out its fiscal year 2025 on a high note, leveraging its scale and multi-customer group approach to outpace a challenging macroeconomic environment. For the fourth quarter, the value-added distributor reported net sales of $8.5 billion, a 6.9% increase over the prior year, driven largely by robust demand in non-residential large capital projects. Operating profit jumped 13.4% to $972 million, and diluted EPS surged 16.8% to $3.48. Despite persistent headwinds in residential new construction and PVC pricing deflation, Ferguson's intentional end-market balance and disciplined capital allocation—including $1.4 billion returned to shareholders over the full year—underscore its resilience and strategic execution.