Ferguson plc announces results for the three months ended october 31 2021

Wokingham, uk / accesswire / december 7, 2021 / ferguson plc reports results for the first quarter. core strengths drive strong performance us$ (in millions, except per share amounts) q1 2022 q1 2021 change reported1 adjusted2 reported1 adjusted2 reported adjusted net sales 6,803 6,803 5,372 5,372 +26.6% +26.6% gross margin 31.3% 31.3% 29.6% 29.6% +1.7% +1.7% operating profit 739 767 450 484 +64.2% +58.5% operating margin 10.9% 11.3% 8.4% 9.0% +2.5% +2.3% earnings per share - diluted 2.40 2.50 1.40 1.52 +71.4% +64.5% adjusted ebitda 814 524 +55.3% net debt2 : adjusted ebitda 0.6x 0.5x first quarter highlights supportive end markets and continued market share gains drove substantial sales growth.
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