Ferguson plc(US:FERG)2025-09-16 12:30Financial Performance - Q4 2025 - Net sales reached $8.5 billion, a 6.9% increase compared to Q4 2024, driven by market outperformance[6] - Organic growth contributed 5.8% and acquisitions added 1.1% to the net sales growth[6] - Adjusted operating profit was $972 million, up 13.4% from Q4 2024, with an adjusted operating margin of 11.4%, a 60 bps increase[6] - Adjusted diluted EPS increased by 16.8% to $3.48[6] Financial Performance - FY2025 - Net sales for FY2025 totaled $30.8 billion, a 3.8% increase compared to FY24[13] - Adjusted operating profit was $2.8 billion, a 0.6% increase compared to FY24[13] - Adjusted diluted EPS reached $9.94, a 2.6% increase compared to FY24[13] - The company generated $1.9 billion in operating cash flow[13] Capital Deployment & Balance Sheet - Capital deployment included $483 million, with 4 acquisitions completed during the quarter, share repurchases of $189 million, and dividends of $165 million[6] - The balance sheet remains strong, with net debt to adjusted EBITDA at 1.1x[6] - Share repurchases completed during the fiscal year totaled $948 million, with approximately 5.0 million shares repurchased[36] - The share repurchase program has an outstanding balance of approximately $1.0 billion[36] Market Performance & Outlook - US net sales grew by 7.1% in Q4 2025, compared to a 1.3% growth in Q4 2024[8] - For FY2025, the company estimates a market decline of approximately 2% in the US, while Ferguson US organic revenue grew by 3.2%[16] - Calendar year 2025 guidance includes mid-single digit growth in net sales and an adjusted operating margin between 9.2% and 9.6%[39]