Ferguson PLC (FERG) has released an update.
Ferguson PLC has reported a 2.4% increase in sales and a robust growth in diluted earnings per share, which is up by 33.7% from the previous year. The company has also declared a 5% increase in its quarterly dividend and has expanded its share repurchase program by an additional $1.0 billion, signaling strong cash flow and financial health. Despite experiencing mild deflation, Ferguson remains optimistic about its fiscal 2024 outlook, expecting continued volume growth and stable gross margins.
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