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Benzinga
Benzinga
Business
Akanksha Bakshi

Ferguson Forecasts Rising Margins As CEO Stresses Investment In Growth Areas

Ferguson Ferg United States Ferguson Enterprises
Ferguson Enterprises-Photo by JennLShoots via Shutterstock

Ferguson Enterprises Inc. (NYSE:FERG) shares surged after it reported fourth-quarter 2024 sales of $8.5 billion, a 6.9% increase from last year, beating analyst estimates of $8.41 billion.

Adjusted earnings per share were $3.48, ahead of expectations of $2.88 and up 16.8% from the prior year. GAAP diluted EPS was $3.55, up 59.2% from $2.23.

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