Ferguson Enterprises Inc., a $45 billion plumbing and HVAC distribution company, reported its first-quarter fiscal year 2025 results on Tuesday morning. The company's shares experienced a significant pre-market drop of 7.48% following the announcement. Ferguson's adjusted earnings per share (EPS) came in at $2.45, missing analyst expectations by $0.16, while revenue was reported at $7.77 billion, falling short by $40 million. Despite a 3% increase in volume, price deflation of approximately 2% contributed to the revenue shortfall. The company's gross margin remained steady at 30.1%. Ferguson also noted a year-over-year increase in HVAC sales by 10%, with plans to expand its distribution network to 500 desks. Additionally, Ferguson filed a Form 8-K with the SEC, and there was a director/PDMR shareholding announcement.