Core Insights - Ferguson Enterprises Inc. (FERG) is experiencing growth in its U.S. business, primarily driven by strong demand in non-residential markets, with a 15% year-over-year revenue increase in these markets during Q4 FY25 [1][8] - The company's overall U.S. revenues increased by 7% year-over-year in the same quarter, despite some weakness in residential repair and maintenance sectors [2][8] - Strategic acquisitions have contributed to Ferguson's growth, with four acquisitions completed in Q4 FY25, adding approximately 1% to U.S. business sales [3][8] Business Performance - Non-residential revenues surged by 15%, supported by robust performance in waterworks and commercial infrastructure projects [1][8] - Waterworks and commercial & mechanical markets saw revenue increases of 15% and 21%, respectively, significantly benefiting the U.S. business [2] - The overall U.S. business growth was partially offset by a decline in residential repair, maintenance, and improvement work [2] Competitive Landscape - Johnson Controls plc's Americas segment reported a 7% year-over-year organic revenue increase in Q3 FY25, driven by demand for HVAC platforms [4] - Fastenal Company is enhancing customer engagement through virtual platforms, with eBusiness sales growing 13.5% year-over-year and contributing 30% to total sales in Q2 FY25 [5] Valuation and Estimates - Ferguson's shares have increased by 20.3% over the past year, outperforming the industry growth of 4.6% [6] - The company is trading at a forward price-to-earnings ratio of 21.77X, slightly above the industry average of 21.14X [9] - The Zacks Consensus Estimate for Ferguson's fiscal 2026 earnings has been rising over the past 60 days, indicating positive market sentiment [11]