Ferguson plc(FERG) - 2024 Q2 - Quarterly Results

Exhibit 99.1 | Total Company | | 2024 | | Guidance | | | --- | --- | --- | --- | --- | --- | | Net sales* | | | Broadly | | flat | | Adjusted | operating margin** | 9.2% | | - | 9.8% | | Interest | expense | $190 | - | $210 | million | | Adjusted | effective tax rate** | | Approximately | | 25% | | Capital | expenditures | $400 | - | $450 | million | * Net sales guidance assumes mid-single digit market decline with continued Company market outperformance, contribution from completed acquisitions and one add ...