FERG - Ferguson Non-GAAP EPS of $2.20 beats by $0.04 revenue of $7.14B beats by $50M
2023-06-06 06:48:02 ET
- Ferguson press release ( NYSE: FERG ): Q3 Non-GAAP EPS of $2.20 beats by $0.04 .
- Revenue of $7.14B (-1.9% Y/Y) beats by $50M .
- For FY2023, the company expects net sales in the low single digit growth range and adjusted operating margin rate of 9.4% to 9.8%.
- CEO comment: “Our financial guidance continues to reflect market outperformance, both organically and from acquisitions. Our markets remain attractive over the medium term and our scale and advantaged platform position us to capitalize on structural tailwinds. Our strong balance sheet and cash generative model allow us to continue to invest for organic growth, consolidate our fragmented markets through acquisitions and return capital to shareholders.”
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Ferguson Non-GAAP EPS of $2.20 beats by $0.04, revenue of $7.14B beats by $50M