Ferguson Enterprises Inc. reported net sales of $6.87 billion for the second quarter of fiscal year 2025, a 3.0% increase year-over-year. Organic revenue growth was 2.1%, with acquisitions contributing an additional 0.9%.
Adjusted operating profit decreased by 13.7% to $449 million, resulting in an adjusted operating margin of 6.5%, a 130 basis point decline from the prior year. Adjusted diluted earnings per share fell by 12.6% to $1.52. Gross margin was 29.7%, down 70 basis points.
The company lowered its full-year fiscal 2025 adjusted operating margin guidance to a range of 8.3% to 8.8%, down from the previous 9.0% to 9.5%. Capital expenditures guidance was also reduced to between $325 million and $375 million, from the prior $400 million to $450 million.
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