Ferguson Enterprises lifted its full-year sales growth forecast to 7% on Monday, citing year-to-date performance and its acquisition of FloWorks. Shares rose 13% to $263.05 by midday, putting the stock on pace for its largest percentage gain since June 2025.
By Money Talk·November 9, 2026·2 min read·330 reads
The plumbing, heating, ventilation and air-conditioning distributor had previously forecast mid-single-digit sales growth. Chief Executive Kevin Murphy said Ferguson’s markets remained mixed, but its results so far this year and the FloWorks deal supported the higher outlook. Ferguson completed the $1.6 billion acquisition of the industrial-equipment provider in August.
Third-quarter sales increased 9.5% to $9.03 billion, topping the $8.74 billion expected by analysts polled by FactSet. Ferguson attributed the result to 7% organic growth and 2.7% growth from acquisitions, partly offset by a 0.2% decline from divestments in Canada.
The Newport News, Va.-based company reported quarterly profit of $598 million, or $3.08 a share, down from $638 million, or $3.24 a share, a year earlier. Adjusted earnings were $3.43 a share, above analysts’ $3.31 estimate. Ferguson shares are up 18% year to date.
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