Earnings GuidanceManagement's confirmation of FY-24 guidance with stable sales and trading margin projections, coupled with strong free cash flow generation, underscores Ferguson's financial robustness and operational efficiency.
Financial PerformanceAnalyst reiterates Buy rating on Ferguson following the second quarter results, with a strong focus on cost control and expectations of returning to growth, highlighting a new $222 price target.
Market PositionFerguson is well positioned to benefit from megaproject/infrastructure related demand and is gaining traction in data centers and infrastructure projects, driving long-term growth with AI support.