Ferguson Enterprises (FERG) beats Q2 2026 estimates and raises full-year guidance
As seen on the 24/7 Wall St. homepage on August 10, 2026.
Ferguson lifted full-year sales growth guidance to mid-single digit as non-residential revenue grew 8% on large capital projects. Five acquisitions closed in the quarter and the pending FloWorks deal push year-to-date acquired revenue to roughly $1.4 billion, none of it in the new guidance yet.
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Ferguson reported Q2 2026 earnings per share of $3.39, coming in about 2.8% above the consensus estimate of roughly $3.30. Revenue of $8.75 billion also topped expectations by about 1.8%, with non-residential revenue leading the way thanks to strength in large capital projects, which drove an 8% gain in that segment.
The quarter's results gave management enough confidence to raise full-year sales growth guidance to the mid-single digit range. Notably, that updated outlook does not yet include any revenue contribution from the pending FloWorks acquisition, meaning there could be additional upside to estimates once that deal closes.
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Acquisitions are clearly a central part of Ferguson's growth story right now. Five deals closed during the quarter alone, and when combined with FloWorks, year-to-date acquired revenue stands at roughly $1.4 billion. Looking back over the past eight quarters, Ferguson has now beaten EPS estimates in six of them, suggesting a consistent pattern of disciplined execution against Wall Street's expectations.
Mentioned: FERG