Jim Cramer Highlights Ferguson's Big Top and Bottom Line Beat

Ferguson Enterprises Inc. (NYSE:FERG) is one of the stocks Jim Cramer recently shared his thoughts on. Cramer mentioned the stock’s latest earnings, as he commented:

“You know me, at the end of the day, there’s nothing more exciting than great numbers. Take Ferguson, the North American distributor, building products ranging from heating, ventilation, air conditioning equipment to waterworks, plumbing, fire protection. Yesterday, Ferguson reported a big top and bottom line beat. Sent the stock up nearly 8% in response. Wow. This thing’s now rallied almost 30% year to date.”

Ferguson Enterprises Inc. (NYSE:FERG) supplies plumbing, HVAC, appliances, fire protection, and industrial solutions to residential, commercial, and infrastructure customers. In addition, the company provides specialized water treatment products, custom design, and fabrication services. During an April episode, Cramer said that the stock is in good shape. He remarked:

“Oh, I like Ferguson a lot. Now Ferguson’s part of a whole cohort of stocks that I like. They got brought down when people decided they didn’t want the data centers anymore. That’s a mistake. I think it’s in good shape.”

Since the above comment, Ferguson Enterprises Inc. (NYSE:FERG) has gained nearly 37.5%.

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Disclosure: None. This article is originally published at Insider Monkey.