Ferguson (FERG) Q3 FY25 earnings call

Ferguson delivered strong Q3 FY25 results, driven by robust organic growth and significant gross margin expansion, benefiting from strategic actions and moderating deflation. The company continues to invest in key growth areas like HVAC and Waterworks, leveraging multi-year tailwinds despite a dynamic and uncertain environment. Management remains confident in its ability to outperform the market and drive profitable growth.