Ferguson Enterprises Inc

FERG: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$759.00	Rhfrydh	Ksrlnhsd

Ferguson Sets Its Sights on Growth in Fiscal 2025 Despite Challenging End Markets

Brian Bernard

Sep 17, 2024

Business Strategy and Outlook

Ferguson primarily serves three major end markets: repair and remodel (Ferguson refers to this market as repair, maintenance, and improvement), new construction, and civil infrastructure. Ferguson's exposure to the US RMI market (as a percentage of sales) increased from 31% in 2008 to 60% in 2023, while US new construction revenue exposure decreased from 58% to 40% over the same time period.

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