Is Ferguson (FERG) Quietly Redefining Its Risk Profile With Acquisition-Funded Debt And Higher Guidance?

In August 2026, Ferguson Enterprises Inc. reported higher second-quarter and six-month sales and earnings, raised its full-year net sales growth guidance, affirmed its quarterly dividend of US$0.89 per share, and arranged up to US$1.60Â billion in unsecured bridge and term loan facilities alongside new fixed-rate bond issues to fund the FloWorks acquisition. An interesting angle is how Ferguson is pairing stronger e…