Business Wire
09 Nov 2026, 11:45 UTC · 2h ago
Ferguson Reports Third Quarter Ended September 30, 2026
Impact · against what's priced in
The reported results provide concrete evidence of non-residential growth and acquisition scale that the market has previously discounted, though residential growth remains in line with existing expectations. The 15% non-residential growth specifically supports the high-growth segment acceleration that the current price is not yet paying for.
- FERG+0.30
Challenges what's priced in
- The price assumes
The sustained expansion of high-growth segments like data centers and HVAC beyond their current contribution
Non-residential sales grew by 15%, significantly outpacing the 6% residential growth and providing the acceleration in high-growth segments that the market is not currently paying for.
What FERG's price assumes · Sep 24
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