StockNews.AI
FERG
StockNews.AI
161 days

Ferguson Reports Second Quarter Results

1. Ferguson reported strong volume growth despite subdued market conditions. 2. Commodity price deflation impacted operating margins this quarter.

Earnings
-6.15%Current Return
VS
+0.06%S&P 500
$165.5603/11 07:07 AM EDTEvent Start
$155.3803/12 01:45 PM EDTLatest Updated
2m saved
Insight
Article

FAQ

Why Bullish?

Ferguson's outperformance suggests resilience, similar to past quarters despite challenges.

How important is it?

Positive volume growth could signal investor confidence and stock price stability.

Why Short Term?

Recent quarterly performance can have immediate impacts on stock prices.

Related Companies

HDMSMFAST
NEWPORT NEWS, Va.--(BUSINESS WIRE)--Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG). Kevin Murphy, Ferguson CEO, commented, “Our associates continued to execute well for our customers in the second quarter, generating continued market outperformance with a sequential step up in volume growth rates. We are navigating a unique time with continued subdued markets and persistent commodity price deflation that drove lower than expected adjusted operating margin in our seasonally lightest quarter.

Related News