Ferguson plc Expects FY24 Net Sales Broadly Flat at $29.73B Vs $29.41B Est, Adj Operating Margin 9.2%-9.8%, Capex $400M-$450M
Portfolio Pulse from Benzinga Newsdesk
Ferguson plc has provided its FY2024 guidance, expecting net sales to be broadly flat at $29.73B, compared to the estimated $29.41B. The company anticipates an adjusted operating margin of 9.2%-9.8%, capital expenditures of $400M-$450M, and an adjusted effective tax rate of approximately 25%.
September 26, 2023 | 10:54 am
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Ferguson plc's FY2024 guidance indicates flat net sales and an adjusted operating margin of 9.2%-9.8%. The company also plans capital expenditures of $400M-$450M.
The company's guidance for FY2024 indicates a stable financial outlook, with no significant changes in net sales. The projected operating margin and capital expenditures also suggest a steady operational performance. However, the impact on the stock price is uncertain as the market's reaction will depend on whether these projections meet, exceed, or fall short of investor expectations.
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