The following is a summary of the Ferguson Enterprises Inc. (FERG) Q4 2024 Earnings Call Transcript:

Financial Performance:

• In Q4, Ferguson achieved sales of $7.9 billion, marking a 1.4% increase year over year.

• For the full year, revenue was approximately flat at $29.6 billion compared to the previous year.

• Gross margins for the year improved slightly to 30.5%, a 10 basis point increase.

• Q4 adjusted operating profit rose 5.3% to $857 million, resulting in an adjusted operating margin of 10.8%.

• Full-year adjusted operating profit was $2.8 billion, with an adjusted operating margin of 9.5%.

• Adjusted diluted earnings per share for the year decreased by 1.5% to $9.69.

Business Progress:

• Ferguson continued its strategy of market consolidation, integrating 10 new acquisitions contributing approximately $400 million in annualized revenue.

• Invested $372 million in capital expenditures focused on optimizing the supply chain network and expanding digital and technological capabilities.

• Emphasized the expansion of dual trade capabilities, specifically in the HVAC and residential trade plumbing sectors.

Opportunities:

• Envisaged opportunities within large capital projects, driven by data centers, onshoring activities, and aging infrastructure.

• The dual trade market, combining HVAC and plumbing services, is identified as a main growth vector.

Risks:

• No explicit risks/opportunities detected.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.