12:10 PM EDT, 06/03/2025 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Ferguson Enterprises ( FERG ) shares jumped about 15% in recent trading on Tuesday after the company's fiscal Q3 sales exceeded expectations and it raised the fiscal 2025 projected sales outlook.

The company reported fiscal Q3 adjusted earnings of $2.50 per diluted share, up from $2.32 a year earlier.

Sales for the fiscal quarter ended April 30 were $7.62 billion, up from $7.31 billion a year earlier.

Analysts surveyed by FactSet expected $7.42 billion.

For fiscal 2025, the plumbing and heating products company upgraded its projected sales outlook to low to mid single-digit growth from low single-digit growth previously.

Analysts polled by FactSet expect organic sales growth of 1.78%.

Price: 206.70, Change: +26.35, Percent Change: +14.61