Tue, Dec 10, 4:02 PM (33 days ago)
Ferguson Enterprises Inc. (NYSE: FERG) reported its Q1 FY2025 results, highlighting a modest revenue increase of 0.8% to $7,772 million, driven by higher sales volume and acquisitions, despite a 2% price deflation in some commodities. Operating profit fell 10% to $665 million, largely due to increased operating costs amid inflation. Net income decreased by 9.4% to $470 million, with diluted EPS at $2.34. Cash flow from operations dropped significantly to $345 million from $557 million, attributed to increased working capital needs. The company's total debt stood at $4,025 million, with a notable reduction in long-term debt due to the repayment of a $500 million term loan. Ferguson's liquidity remains strong, with $601 million in cash and substantial available credit. The company continues to face challenges including inflation and competitive pressures but maintains a robust position for future operations. Adjusted operating profit was $706 million, reflecting ongoing strategic investments and operational adjustments post-merger. Overall, Ferguson's financial metrics indicate a resilient yet cautious approach amid evolving market conditions.