07:22 AM EST, 12/10/2024 (MT Newswires) -- Ferguson Enterprises ( FERG ) reported fiscal Q1 adjusted earnings Tuesday of $2.45 per diluted share, down from $2.65 a year earlier.

Analyst estimates were not available for comparison.

Revenue for the quarter ended Oct. 31 was $7.77 billion compared with $7.71 billion a year earlier.

Analysts surveyed by FactSet expected $7.81 billion.

The company reaffirmed fiscal 2025 net sales growth of low single digit. Analysts polled by FactSet expect $30.41 billion.

Ferguson shares were more than 7% lower in premarket trading.