07:19 AM EDT, 09/17/2024 (MT Newswires) -- Ferguson (FERG) reported fiscal Q4 adjusted earnings Tuesday of $2.98 per diluted share, up from $2.77 a year earlier.

Analysts polled by Capital IQ expected $2.86.

Net sales for the fiscal quarter ended July 31 was $7.95 billion, up from $7.84 billion a year earlier.

Analysts surveyed by Capital IQ expected $8.02 billion.

For 2025, the plumbing and lighting supply company expects low single-digit net sales growth. Analysts polled by Capital IQ expect $31.08 billion.

The company also said it is maintaining a quarterly dividend of $0.79, to be paid on Nov. 8 to shareholders of record as of Sept. 27.

Shares of the company were down 3% in Tuesday's premarket activity.

Price: 192.31, Change: -4.91, Percent Change: -2.49