Ferguson Raises Full-Year Sales Guidance; Shares Gain 13%
Ferguson Enterprises raised its full-year sales guidance, with FloWorks acquisition helping support the outlook. Shares rose 13% to $263.05 midday Monday.
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05:48:02 PM UTC
SquawkNews
WASHINGTON (dpa-AFX) - Shares of Ferguson Enterprises Inc. (FERG) surged 12% on Monday after the company reported third-quarter results, with profit increasing from last year. The company also raised its full-year sales growth guidance, supported by strong execution and contributions from acquisiti…
By Natalie WegerShares of Ferguson Enterprises climbed on Monday after the distributor of plumbing, heating, ventilation and air-conditioning appliances raised its sales guidance for the year, helped by its acquisition of FloWorks.The stock rose 13%, to $263.05, midday Monday, and is on pace for th…