Ferguson plc announces results for q3 ended april 30, 2022

Wokingham, uk / accesswire / june 14, 2022 / ferguson plc three months ended april 30, us$ (in millions, except per share amounts) 2022 2021 change reported(1) adjusted(2) reported(1) adjusted(2) reported adjusted net sales 7,284 7,284 5,916 5,916 +23.1% +23.1% gross margin 30.3% 30.3% 30.9% 30.9% (60) bps (60) bps operating profit 712 747 520 559 +36.9% +33.6% operating margin 9.8% 10.3% 8.8% 9.4% +100 bps +90 bps earnings per share - diluted 2.50 2.50 1.65 1.78 +51.5% +40.4% adjusted ebitda 795 602 +32.1% net debt(2) : adjusted ebitda 0.8x 0.4x third quarter highlights strong sales growth of 23.1% on top of tough prior year comparables. operating margin of 9.8% expanded by 100 bps (adjusted operating margin of 10.3%, up 90 bps), driven by disciplined cost control.
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