EARNINGS & CATALYSTS · November 6, 2026
Ferguson earnings preview for November 9, 2026: What FloWorks adds to sales and margins
Ferguson reports before the open on November 9. Its first update since buying FloWorks puts industrial demand, margins and the full-year outlook in focus.
| Company | Report date | Window | EPS estimate | Revenue estimate |
|---|---|---|---|---|
| Ferguson plc (FERG) | November 9, 2026Issuer confirmed | Before open | 3.31 | 8.74B |
1) What is scheduled for November 9?
Ferguson confirmed that it will report its quarter ended September 30, 2026, before the open on November 9. A November 3 Zacks estimate put EPS, or profit per share, at $3.28.
2) What does FloWorks add?
Ferguson distributes plumbing, heating and cooling equipment, and water infrastructure supplies. Contractors rely on its branch network to get parts and technical help on time. FloWorks adds specialized valves and flow-control equipment. The November report gives investors a chance to see how much the acquired business adds to sales and how management expects it to affect margins. The acquisition closed on August 31, so the September quarter only includes part of a quarter of ownership.
3) What would change the full-year outlook?
In August, Ferguson projected mid-single-digit sales growth and a 9.5% to 9.8% adjusted operating margin for 2026, before FloWorks. Watch for a separate estimate of the deal’s impact and whether construction demand supports the underlying business. A slower housing market can curb orders. Acquisition costs, supplier price changes and a shift toward lower-margin products can offset higher sales.
4) What did Fastenal’s earnings show?
Fastenal, an industrial distributor with a different product mix, reported $2.46 billion in September-quarter sales and $0.35 in diluted profit per share on October 14. Its operating margin rose to 21.5%, a reference point for how higher sales can absorb distribution costs.
5) How the business makes money
Ferguson distributes plumbing, heating and cooling equipment, and water infrastructure supplies. Contractors rely on its branch network to get parts and technical help on time.
6) What to watch
FloWorks adds specialized valves and flow-control equipment. The November report gives investors a chance to see how much the acquired business adds to sales and how management expects it to affect margins.
7) Recently reported peers
Fastenal, an industrial distributor with a different product mix, reported $2.46 billion in September-quarter sales and $0.35 in diluted profit per share on October 14. Its operating margin rose to 21.5%, a reference point for how higher sales can absorb distribution costs.
8) Risks into the report
A slower housing market can curb orders. Acquisition costs, supplier price changes and a shift toward lower-margin products can offset higher sales.