Ferguson Enterprises Inc. /DE/ — Form 8-K

Ferguson Enterprises reported Q2 2026 net sales of $8.8B (+4.6% YoY), with organic growth of 3.8% and acquisition growth of 1.0%. Diluted EPS was $3.43 (+6.9% YoY). The company raised full-year 2026 guidance from 'low to mid-single digit' to 'mid-single digit' net sales growth and adjusted operating margin from 9.4%-9.8% to 9.5%-9.8%. Year-to-date, Ferguson completed 8 acquisitions with ~$1.4B annualized revenue, including 5 in Q2 and a definitive agreement to acquire FloWorks (valued amount undisclosed, expected to close Q3 2026). The company returned $202M via share repurchases in Q2, declared a $0.89 quarterly dividend, and maintained net debt/adjusted EBITDA at 1.3x. It also cancelled its secondary London Stock Exchange listing, effective July 20, 2026.