By Kelly Cloonan

Ferguson Enterprises logged higher profit and sales in its latest quarter, boosted by growth in non-residential end markets.

The plumbing and heating products supplier on Tuesday posted a profit of $570 million, or $2.90 a share, for the quarter ended Oct. 31, compared with $470 million, or $2.34 a share, a year earlier.

Adjusted earnings per share were $2.84.

Revenue rose 5.1% to $8.17 billion. Sales in the U.S. rose 5.3%, boosted by growth in non-residential end markets and partially offset by a decline in residential sales as housing starts and repair activity remained weak, the company said. Sales in Canada rose 2.2%.

Chief Executive Kevin Murphy said the market environment remains challenging. Over the medium term, the company remains confident in its markets, he said.

For the full year, the company now expects sales to grow 5% compared with its prior guidance for mid-single digit growth.

Ferguson said in September it would move its fiscal-year end to Dec. 31 from July 31.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

December 09, 2025 07:15 ET (12:15 GMT)

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