Ferguson Q2 FY26: EPS +6.9% to $3.43 on 4.6% sales growth; $1.6B FWI acquisition pending

Filed August 10, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

• high

  Announced definitive agreement to acquire FWI Holdings for ~$1.6 billion, expected to close Q3 FY2026, funded via cash and committed borrowings. Largest disclosed acquisition in the period.

  Notes: Subsequent Events view on EDGAR →
• high

  Q2 net income rose 5.0% to $666M; diluted EPS grew 6.9% to $3.43 on higher sales and share repurchases. Six-month net income up 10.3% to $1.1B, EPS +12.6% to $5.56.

  MD&A: Q2 FY2026 Results verify on EDGAR →
• high

  Operating cash flow declined 36% year-to-date to $716M, driven by $468M inventory build (vs $169M prior year) and $1.1B increase in receivables, partially offset by higher net income.

  Notes: Cash Flow verify on EDGAR →