Member Info for YamR1man

On Tuesday, Ferguson plc (NYSE:FERG) reported better-than-expected third quarter results and raised its full-year outlook, citing strong volume growth and margin expansion.

The plumbing and heating products distributor’s shares jumped 6.15% in pre-market trading following the release.

The company posted adjusted earnings per share of $2.50 for the quarter ended April 30, beating analyst estimates of $2.61. Revenue grew 4.3% YoY to $7.6 billion, slightly below the consensus forecast of $7.79 billion.

Ferguson said its U.S. business, which accounts for the bulk of sales, saw organic revenue growth of 5% in Q3. The company benefited from strong non-residential construction activity, with revenue in that segment rising approximately 7%.

"Our associates continued to take care of our customers, outperform the market and drive solid growth in the third quarter," said CEO Kevin Murphy. "The combination of strong volume growth, gross margin actions, moderating deflation and the early benefits of streamlining our business drove adjusted operating profit growth and adjusted operating margin expansion."

Based on the strong Q3 performance, Ferguson raised its full-year guidance. It now expects low to mid-single digit revenue growth, up from its previous forecast of low single digit growth. The company also lifted its adjusted operating margin outlook to a range of 8.5% to 9.0%, from 8.3% to 8.8% previously

Ferguson shares surge 6% as Q3 results top estimates, guidance raised

Time to find out......

AND......ANOTHER NOW WHAT!!!!

Optimistic about AHT??? Just look at URI for the last 6 months. Jeez !! Doesn't look a bright future to me. We all wait and wonder. Good luck to everyone 💓

HA !!! I won't be holding my breath. You never know what will happen next???? Just imagine a third term of Mr. Orange. I feel for my grandkids. Labour AND the Orange bloke. Groan.

I'm finding very hard to press the 'buy' button on anything at the moment. All the companies that looked like a 'maybe ' have dropped 10,20,30 % in the last couple of months and I think...Phew, glad I didn't press that button. This sp is bonkers but won't buy cos of uncertainty. Maybe I'm toooo cautious. Good luck to us all. Oh, BTW, nearly a billion profit !! Mad innit

Just noticed those 🤯🤯 look just like the megalomaniac

4 years of MAGA !!? OMG 😲 😟🤯🤯

Oh, I see that now. Groan. Looks like some folks knew what was coming judging from the last couple of months. Why do I bother 😕

Again.....now what's happening 😳 👀

Again.....now what's happening 😳 👀

Out4....Well done, you're making money already today.

Out4lunch...

Have you bought this dip. Depressing that this plunged again. World economy is in tatters now....nothing new to that of course ! GLA

WOW, 30 pence worth so far. BOOM 💥

.... the £27 mark so expecting it to be stopping now. Shame but PI's have to put up with it.

BTW, I did say " most of what I read " and not all..!

There's also been great points made with which to disect and ponder.

Again, GLA

...FFO3 said. "Some times scenarios like this smells of skeletons knocking on door."

I was thinking similar,which could be a worry for the short term. Mind you, this down trend is becoming a longer term,by the day. Anyway guys, apart from the above, most of what I read here lately are by people p!$$€d 0ff at losing money and getting nasty with it. We've all seen this happen before when an sp doesn't perform as we want or expect. Hopefully, some day soon, JD will perform as we want and everything in the garden, including temperament, will be rosy again.

Good luck everyone.

It / you... say on the/your ...page:

" if you find this useful,etc " well, I/ most don't. Meaningless innit.

GLA

40+. Now stay up 🤔