Ferguson Enterprises Inc. filed its Annual Report on Form 10-K for the fiscal year ended July 31, 2024, with the U.S. Securities and Exchange Commission. The company reported net sales of $29.6 billion, which were broadly flat compared to the prior year. This performance occurred despite challenging end markets throughout the year.
Operating profit for fiscal year 2024 was $2,652 million, a decrease of $7 million from the previous year. Diluted earnings per share stood at $8.53, representing a 6.5% decrease. Adjusted operating profit was $2,824 million, $93 million lower than the prior year, leading to an adjusted diluted earnings per share of $9.69, a 1.5% decrease.
The company generated approximately $1.9 billion in operating cash flow during the year. Ferguson invested $0.4 billion in capital expenditures, paid $0.8 billion in dividends, and invested $0.3 billion in ten acquisitions. Additionally, the company repurchased 3.3 million of its outstanding shares, totaling $0.6 billion.
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