By Nicholas G. Miller

Ferguson Enterprises posted higher fourth-quarter sales and profit, shrugging off a slow housing market that has hurt other building products companies' top lines.

The plumbing and heating products supplier reported net income of $700 million, or $3.55 a share, up from $451 million, or $2.23 a share, the year prior.

Adjusted earnings were $3.48 a share. Analysts were expecting $3.01 a share.

Shares rose 7.2% to $230.02 in Tuesday's premarket trading.

The company posted $8.5 billion in sales, up from $7.95 billion the year before. Wall Street was expecting $8.40 billion.

A dormant housing market has cut into buildings suppliers' earnings, with homebuilders slowing new starts and homeowners delaying renovation projects, with homebuilders slow new starts and homeowners delaying renovation projects.

"While we continue to operate in an uncertain environment, we remain confident in our markets over the medium term, leveraging multiyear tailwinds in both residential and non-residential markets," Chief Executive Kevin Murphy said.

But Ferguson has said its non-residential business has benefited from an uptick in capital spending and projects.

The company has for several quarters also been hurt by deflationary forces for commodity products. But deflation moderated in the third quarter and the company previously said it expected prices to pick up in the fourth quarter, benefiting its top line and margins.

Ferguson also said it would move its fiscal-year end to Dec. 31 from July 31, and guided for mid-single digit revenue growth for the 2025 calendar year.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

September 16, 2025 07:08 ET (11:08 GMT)

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