Ferguson Enterprises (FERG) FY2023 results: revenue $29.7 billion, up 4.1% on the year
Ferguson Enterprises Inc. (FERG) reported revenue of $29.7 billion for fiscal 2023, the year ended 31 July 2023, up 4.1% on the year before. Net income was $1.9 billion, down 11.0%, and diluted earnings per share $9.12. The figures are the company's own, from the 10-K it filed with the SEC on 26 September 2023.
Revenue
$29.7 billion
+4.1% on the year
FY2020FY2023
Operating margin
8.9%
9.9% a year earlier
FY2020FY2023
Net income
$1.9 billion
-11.0% on the year
FY2020FY2023
Diluted EPS
$9.12
-5.9% on the year
FY2020FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,723
1,149
1,382
+137.0%
Capital expenditure
441
290
241
+52.1%
Free cash flow
2,282
859
1,141
+165.7%
Free cash flow margin
7.7%
3.0%
5.0%
Cash from investing
-1,054
-922
-125
Cash from financing
-1,807
-744
-2,051
Depreciation and amortisation
321
301
298
+6.6%
Share-based compensation
51.0
57.0
77.0
-10.5%
Buybacks
908
1,545
400
-41.2%
Dividends paid
711
538
1,036
+32.2%
Dividend per share
$4.16
$2.50
$4.61
+66.1%
Diluted shares, weighted
207m
219m
225m
-5.3%
Shares outstanding at period end
232m
232m
232m
0.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
5,037
4,665
5,003
+8.0%
Debt
3,805
3,960
2,512
-3.9%
Operating lease liabilities
1,126
878
827
+28.2%
Other liabilities
6,026
6,158
5,367
-2.1%
Total liabilities and equity
15,994
15,661
13,709
+2.1%
Fixed assets
1,595
1,376
1,305
+15.9%
Goodwill
2,241
2,048
1,828
+9.4%
Intangible assets
783
782
546
+0.1%
Cash and equivalents
601
771
1,335
-22.0%
Receivables
3,597
3,610
2,786
-0.4%
Inventory
3,898
4,333
3,273
-10.0%
Other assets
3,279
2,741
2,636
+19.6%
Total assets
15,994
15,661
13,709
+2.1%
10-K for the year ended 31 July 2023, filed 26 September 2023: the filing.