Ferguson Enterprises Inc. /DE/ FERG

Ferguson Enterprises Inc. /DE/ comes into today’s file with hard filed numbers rather than market folklore. The latest SEC EDGAR 10-Q for the period ending 2026-03-31 reports $7.47B of revenue, $612.0M of operating income, $414.0M of net income attributable to the parent and diluted earnings per share of $2.13. That is the centre of the story: a large distribution business with real sales, real inventory and enough official filing activity to keep the source rail busy.

The company story is grounded in supply rather than spectacle. The 10-Q says no individual customer accounted for more than 10% of net sales during any of the periods presented, and it says net sales in non-residential markets, representing approximately half of revenue in the United States, increased approximately 8% compared with the first quarter of 2025. For a distributor, that matters because customer breadth, market mix and inventory discipline are not side notes. They are the operating engine.

The balance sheet and cash facts add weight. Ferguson reported $17.79B of assets, $11.91B of liabilities and $5.87B of stockholders’ equity attributable to the parent at 2026-03-31. Cash and cash equivalents were $820.0M, net cash provided by operating activities was $772.0M, inventory net was $4.68B, and inventories increased by $92.0M. The supplied rail also gives weighted average diluted shares outstanding of 194.8M shares for the same period. Payments to acquire property, plant and equipment are supplied as $235.0M for the 10-Q period ending 2025-04-30, so that older period should not be blended into the latest quarter as if it were the same date.

There is no supplied TradingView route or chart level in this evidence pack, so the market context has to stay on the source rail. The public developments named here are SEC items: the 2026-05-05 8-K announcing that Ferguson issued a press release for the quarter ended 2026-03-31, the 2026-05-05 10-Q, the 2026-05-04 8-K source page, the SEC submissions and companyfacts feeds, several June 1 Form 4 filings, and the March 13 Omnibus Amendment and Consent exhibit tied to Ferguson Receivables, LLC and Ferguson Enterprises, LLC.

What changed is not a rumour or a price move. The official record now supplies a fresh quarterly filing set, earnings figures, customer concentration language, a non-residential sales disclosure, insider reporting forms and receivables facility documentation. What the rail does not prove is just as important: it does not supply guidance, dividend action, buyback detail, analyst commentary, chart levels, customer wins, litigation claims or a product launch. The file is strongest where it is most mechanical: sales, income, cash, inventory, filings and the plain fact that distribution businesses live or die by execution rather than theatre.