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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100