Ferguson plc announces results for q2 and h1 ended january 31, 2022

Strong execution continues to drive performance wokingham, uk / accesswire / march 15, 2022 / ferguson plc (lse:ferg)(nyse:ferg): three months ended january 31, us$ (in millions, except per share amounts) 2022 2021 change reported(1) adjusted(2) reported(1) adjusted(2) reported adjusted net sales 6,508 6,508 4,937 4,937 +31.8% +31.8% gross margin 30.6% 30.6% 30.4% 30.4% +20 bps +20 bps operating profit 555 588 319 350 +74.0% +68.0% operating margin 8.5% 9.0% 6.5% 7.1% +200 bps +190 bps earnings per share - diluted 1.97 1.93 1.23 1.10 +60.2% +75.5% adjusted ebitda 648 391 +65.7% net debt(2) : adjusted ebitda 0.8x 0.6 second quarter highlights strong sales growth as core strengths drove market share gains in supportive end markets. price inflation increased to high teens driven largely by finished goods.
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