Ferguson Enterprises Positioned to Benefit from Waterworks Demand for AI Data Centers
Ferguson Enterprises (FERG) reported Q1 sales of $7.5 billion, with strong growth in non-residential and large capital projects driven by demand related to AI data centers. The company's mechanical and waterworks segments grew significantly due to infrastructure needs at these facilities.
Tickers: $FERG
Topics: acquisitions AI data centers large capital projects water infrastructure