StocksMedium•10 November 2026•
1 min read
Ferguson Raises 2024 Revenue Guidance Following Strong Q3 Growth
Key Facts
1Ferguson delivered 9% revenue growth and 7% organic growth in Q3 despite a flat construction environment.
2Management raised 2024 revenue guidance to 7% growth and improved the margin outlook.
3The company's operating margin held steady at 10.7% due to cost discipline and pricing power.
Ferguson delivered 9% revenue growth and 7% organic growth in the third quarter despite a flat construction environment, Seeking Alpha reported. Management raised its 2024 revenue growth guidance to 7% and improved its outlook for operating margins. The company's operating margin held steady at 10.7% due to effective cost discipline and pricing power.
Ferguson (FERG) shares closed at $259.93 on November 9, 2026, after trading between a day low of $246.4 and a high of $265.29. The strong financial performance reflects the company's ability to maintain margins despite supplier inflation and a stagnant construction market.