09:02 AM EDT, 09/16/2025 (MT Newswires) -- Ferguson Enterprises ( FERG ) reported a double-digit year-over-year increase in fiscal fourth-quarter earnings on Tuesday, while the plumbing and heating products company's sales came in ahead of market expectations.

Adjusted earnings advanced about 17% to $3.48 per share for the quarter ended July 31. Sales inclined to nearly $8.5 billion from $7.95 billion the year before, exceeding the Street's view for $8.4 billion. The stock climbed 8.2% in the most recent premarket activity.

Revenue grew 5.8% on an organic basis, while price inflation was about 2%, according to the firm.

"Our associates delivered strong results to finish the year, as they continued to serve our customers and execute our strategy in a challenging market environment," Chief Executive Kevin Murphy said in a statement. "Throughout the year, we invested in key growth areas to drive further organic growth."

Sales in the US increased 7.1% to $8.06 billion, buoyed by a 15% revenue jump in non-residential end markets, amid robust demand for waterworks projects along with strong growth in commercial and civil and infrastructure, according to Ferguson. Residential revenue was flat as housing starts and permit activity weakened during the second half, while repair, maintenance and improvement work also remained soft, the company added.

Sales in Canada advanced 4.8% to $438 million amid a resilient non-residential end market, the firm said.

"While we continue to operate in an uncertain environment, we remain confident in our markets over the medium term, leveraging multiyear tailwinds in both residential and non-residential markets as we invest to support the complex project needs of the water and air specialized professional," according to Murphy.

Ferguson said it's changing its fiscal year-end to Dec. 31 from July 31, and will begin reporting on a calendar year basis, effective Jan. 1, to "remain focused" on customers during its busiest season. The company plans to announce its five-month transition period results in late February.

For the 2025 calendar year, the firm anticipates revenue to grow by a mid-single-digit, compared with the $29.8 billion it recorded for 2024. For the fiscal year ended July 31, the company reported a 3.8% annual increase in sales to $30.76 billion. Adjusted operating margin for the current year is pegged at 9.2% to 9.6%.