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    WOS   JE00BJVNSS43

FERGUSON PLC

(WOS)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/21 11:38:53 am
11750 GBX   -1.43%
01/14Virtual Investor Day and expected date for US primary listing vote
AQ
01/14FERGUSON : titled “Share buy back program” - Form 6-K
PU
01/13Ferguson to Seek Acquisitions
CI
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Ferguson 1Q Revenue, Profit Rose; Raises Full-Year View

12/07/2021 | 02:33am EST

By Joe Hoppe

Ferguson PLC said Tuesday that its performance for the first quarter of fiscal 2022 was marked by a rise in operating profit and revenue, and raised its full-year outlook.

The plumbing-and-heating products distributor posted an operating profit for the three months ended Oct. 31 of $739 million on a reported basis up from $450 million for the year-earlier period.

Adjusted operating profit rose 59% to $767 million, while adjusted earnings before interest, taxes, depreciation and amortization rose 55% on year to $814 million.

Revenue rose to $6.80 billion from $5.37 billion, the company added.

In Ferguson's core U.S. business, sales rose 27% comprising 25% in organic growth and 2% from acquisitions. Ferguson said its Canadian unit's revenue rose 20%, with organic growth of 14% and a further 6% growth from beneficial foreign-exchange rates.

The company said price inflation increased to the low teens in the quarter, but it managed to generate strong growth from its ability to manage inflation and good cost control.

"Given the strong momentum in the business and the agility of our business model, our full year expectations have increased," Chief Executive Kevin Murphy said.

Write to Joe Hoppe at joseph.hoppe@wsj.com

(END) Dow Jones Newswires

12-07-21 0232ET

All news about FERGUSON PLC
01/14Virtual Investor Day and expected date for US primary listing vote
AQ
01/14FERGUSON : titled “Share buy back program” - Form 6-K
PU
01/13Ferguson to Seek Acquisitions
CI
01/13FERGUSON : Virtual Investor Day and expected date for US primary listing vote - Form 6-K
PU
01/13FERGUSON : Virtual Investor Day 2022
PU
01/13FERGUSON : Virtual Investor Day information
PU
01/13UK's Ferguson Sets March Date For Shareholders To Vote On Plan To Move Primary Listing ..
MT
01/12HSBC Downgrades Ferguson To Hold From Buy
MT
01/05WALL STREET STOCK EXCHANGE : Investors brace for a bumpy ride ahead
01/05Berenberg Raises Ferguson To Buy From Hold, Boosts PT
MT
More news
Analyst Recommendations on FERGUSON PLC
More recommendations
Financials (USD)
Sales 2022 25 911 M - -
Net income 2022 1 743 M - -
Net Debt 2022 2 165 M - -
P/E ratio 2022 20,5x
Yield 2022 1,81%
Capitalization 35 043 M 35 056 M -
EV / Sales 2022 1,44x
EV / Sales 2023 1,34x
Nbr of Employees 31 000
Free-Float -
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Technical analysis trends FERGUSON PLC
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 159,80 $
Average target price 177,15 $
Spread / Average Target 10,9%
EPS Revisions
Managers and Directors
Kevin M. Murphy Group Chief Executive Officer & Executive Director
William Scott Brundage Group Chief Financial Officer & Executive Director
Geoffrey Drabble Chairman
Mike Sajor Group Chief Information Officer
Catherine Ann Halligan Independent Non-Executive Director
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