Filing Flows › Ferguson Enterprises (FERG) › Q2 2024
Ferguson Enterprises (FERG) Q2 2024 earnings results (second quarter 2024)
10-K filed Sep 25, 2024
Ferguson Enterprises (FERG) reported revenue of $7.9B for the second quarter 2024 (Q2 2024) and +9% from the quarter before. Operating margin was 10.2%, net earnings $451M (5.7% of revenue).
Ferguson Enterprises, Q2 2024: revenue $7.9B, operating margin 10.2%, net earnings $451M, operating cash flow $366M. The chart follows the revenue to costs, profit and cash.
| Q2 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.9B | +9% | — |
| Gross profit | $2.5B | +10% | — |
| Operating profit | $811M | +30% | — |
| Net earnings | $451M | +2% | — |
| Operating cash flow | $366M | -43% | — |
| Free cash flow | $257M | -55% | — |
What changed
Revenue was $7.9B in Q2 2024, up 9% from the previous quarter.
Gross margin was 31.0%. Operating profit was $0.81B, a 10.2% margin. Net earnings were $0.45B. The effective tax rate was 40.6%.
Operating cash flow was $0.37B, 81% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.18B. Capital expenditures of $0.11B left free cash flow of $0.26B.
Questions
What was Ferguson Enterprises' revenue in the second quarter 2024?
Ferguson Enterprises (FERG) reported revenue of $7.9B for the second quarter 2024 (Q2 2024) and +9% from the quarter before.
Was Ferguson Enterprises profitable in the second quarter 2024?
Operating profit was $811M (10.2% of revenue) and net earnings $451M.