Ferguson Enterprises (FERG) reported fiscal Q2 adjusted earnings Tuesday of $1.52 per diluted share, down from $1.74 a year earlier.

One analyst polled by FactSet expected $1.53.

Net sales for the fiscal quarter that ended Jan. 31 were $6.87 billion, up from $6.67 billion a year earlier. Analysts surveyed by FactSet expected $6.76 billion.

The company said it continues to expect fiscal 2025 net sales to grow by low-single digits. Analysts polled by FactSet expect $30.37 billion.

The company shares fell nearly 6% in premarket activity.