Ferguson (FERG) Keeps Beating a Housing Market That Refuses to Cooperate

Ferguson Enterprises Inc. released results for the quarter ended June 30, showing revenue growth of 4.6% to $8.8 billion alongside an upward revision to full-year guidance. However, profit expansion failed to keep pace with sales gains, raising questions about operational efficiency and margin sustainability moving forward.
The company’s non-residential segment emerged as the primary growth driver, with US revenue climbing 8% as the distributor captured market share in a mixed competitive