Ferguson Enterprises Inc. /DE/ Earnings Per Share Disclosure
| For the years ended July 31, | |||||||||||||||||
| (In millions) | 2025 | 2024 | 2023 | ||||||||||||||
| Weighted average number of shares outstanding: | |||||||||||||||||
| Basic weighted average shares | 198.9 | 202.9 | 206.4 | ||||||||||||||
Effect of dilutive shares (1) | 0.3 | 0.6 | 0.8 | ||||||||||||||
| Diluted weighted average shares | 199.2 | 203.5 | 207.2 | ||||||||||||||
| Excluded anti-dilutive shares | 0.1 | — | 0.1 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 26, 2025 | Showing above |
| 2024 | Sep 25, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.