Ferguson Enterprises

Ferguson helps professional builders and contractors get the parts they need for water and air projects. It sells essential items like pipes, heaters, and air conditioners to experts in construction and repair. The company makes it easier for these specialists to finish complex jobs for homes and businesses.

What Ferguson Sells

• Waterworks: Pipes, valves, and meters for large infrastructure and utility projects; accounts for 25% of net sales in the United States.
• Ferguson Home: Appliances, lighting, and plumbing fixtures sold to residential customers; makes up 21% of net sales in the United States.
• Commercial and Mechanical: Specialized plumbing and heating solutions for businesses; represents 15% of net sales in the United States.
• Residential Trade Plumbing: Supplies and parts for professional plumbers working on homes; contributes 14% of net sales in the United States.
• HVAC: Heating, ventilation, air conditioning, and refrigeration equipment; accounts for 11% of net sales in the United States.

Growth and Expansion

• Repaid $400 million in private placement debt that reached maturity in September 2025.
• Issued $750 million in new senior notes due in 2031 to manage long-term financing needs in September 2025.
• Completed the legal move of its parent company headquarters to the United States on August 1, 2024.
• Invested $21 million in new business acquisitions during the three months ended October 31, 2025.

Operational Strengths

Ferguson operates an extensive logistics network including 11 distribution centers and 1,679 branch locations across North America. The company combines physical stores with digital tools to provide project management and technical advice to professional customers.

The Recent Financial Record

• Net sales rose to $8.2 billion for the three months ended October 31, 2025, up 5.1% from the previous year.
• Net income reached $570 million in the quarter ended October 31, 2025, a 21.3% increase year-over-year.
• Operating profit grew to $771 million in the current quarter, up 15.9% compared to the first quarter of the prior year.
• Operating cash flow reached $430 million for the quarter ended October 31, 2025, compared to $345 million in the same period last year.

Bottom Line

Ferguson has transitioned its corporate home to the United States while focusing on high-growth non-residential markets. Its shift toward value-added services and strategic acquisitions supports its role as a specialized distributor in the North American construction industry.