Ferguson (FERG) Q4 FY25 earnings call

Ferguson delivered strong Q4 FY25 results, outperforming challenging markets with robust nonresidential growth and strategic investments in HVAC, Waterworks, and large capital projects. The company is navigating residential market softness and commodity deflation while maintaining a strong balance sheet and returning capital to shareholders. A fiscal year-end change to December 31 will streamline operations, with guidance provided for calendar year 2025.