Ferguson Enterprises Inc. reported its third-quarter financial results, showcasing a 4.3% increase in net sales to $7.6 billion, despite facing challenges such as one fewer sales day and foreign exchange impacts. The company's gross margin improved by 50 basis points to 31.0% compared to the previous year. Operating profit was reported at $606 million, reflecting a 3.0% decrease from last year, but on an adjusted basis, operating profit grew by 6.1% to $715 million. Earnings per share on a diluted basis were $2.07, while adjusted EPS rose to $2.50, marking a 7.8% increase over the prior year. Ferguson also declared a quarterly dividend of $0.83, which is a 5% increase from the previous year. During the quarter, the company completed three acquisitions and engaged in share repurchases totaling $251 million. In efforts to streamline operations and reduce complexity, Ferguson incurred non-recurring charges of $68 million, with projected annualized savings of approximately $100 million. Looking ahead, Ferguson updated its full-year guidance, anticipating low to mid-single-digit revenue growth and an adjusted operating margin between 8.5% and 9.0%. CEO Kevin Murphy expressed confidence in the company's market position over the medium term, despite a dynamic and uncertain environment.