India, Nov. 9 -- Ferguson Enterprises Inc. (FERG), a supplier of plumbing and heating products, on Monday reported lower net profit in its third quarter, while adjusted EBITDA increased with growth in net sales. Further, the firm raised fiscal 2026 guidance for adjusted margin and net sales.
Looking ahead, the company now expects fiscal 2026 net sales growth of around 7 percent, compared to previous guidance of mid-single-digit growth.
Adjusted operating margin is now expected to be 9.6 percent to 9.8 percent, compared to previous estimate of 9.5 percent to 9.8 percent. The company said the outlook revision reflects latest performance and inclusion of the FloWorks acquisition that closed on August 31. In the third quarter, Ferguson's earn...