Dec. 9 at 2:04 PM
$FERG
The company posted earnings per share (EPS) of
$2.84 for the quarter ended October 31, falling short of analysts’ expectations for
$2.97.
Quarterly revenue rose 5.1% year on year to
$8.2 billion, slightly ahead of the
$8.09 billion consensus.
The company posted an operating margin of 9.9%, an 80-basis-point improvement on an adjusted basis. Gross margin reached 30.7%, up 60 basis points from a year earlier.
“Our associates again delivered strong results, continuing to execute our growth strategy in a challenging market environment. We are particularly pleased with another quarter of double-digit non-residential revenue growth," said Kevin Murphy, CEO of Ferguson.