Ferguson Reports Second Quarter Results

WOKINGHAM, England--(BUSINESS WIRE)--Ferguson plc (NYSE:FERG) (LSE:FERG): FY2024 Guidance (unchanged) Total Company 2024 Guidance Net sales* Broadly flat Adjusted operating margin** 9.2% - 9.8% Interest expense $190 - $210 million Adjusted effective tax rate** Approximately 25% Capital expenditures $400 - $450 million * Net sales guidance assumes mid-single digit market decline with continued Company market outperformance, contribution from completed acquisitions and one additional sales day. O