Ferguson Enterprises Inc. - FERG STOCK NEWS

WINT Water Intelligence and Ferguson, the largest U.S. distributor of plumbing supplies, announced a strategic collaboration for comprehensive distribution of AI-based water management solutions throughout the United States. Through this partnership, WINT's advanced water management and leak-prevention solutions will be available through Ferguson's extensive distribution network.

The collaboration aims to enhance water consumption monitoring, damage prevention, and sustainability efforts. WINT systems have demonstrated significant benefits, including 20%-25% reduction in water consumption and associated carbon emissions. According to a Munich Re study, construction sites protected by WINT showed 73% fewer insurance claims and 90% less payouts compared to unprotected sites.

WINT's platform features portfolio-wide monitoring, real-time leak detection with auto shut-off, and AI-powered analytics, serving global customers including Suffolk Construction, HP, PepsiCo, and the Empire State Building.

On January 10, 2025, Ferguson Enterprises filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC). This filing is accessible on the SEC's website at sec.gov and on the SEC Filings page of Ferguson's website at corporate.ferguson.com/investor/financial-information/sec-filings.

Ferguson Enterprises announced a transaction notification involving a Person Discharging Managerial Responsibilities (PDMR). Victoria Morrissey, the company's Chief Marketing Officer, sold 2,000 shares of common stock at a price of $177.00 per share, resulting in an aggregate transaction value of $354,000.00. The transaction took place on January 6, 2025 on the New York Stock Exchange. This disclosure was made in accordance with the EU Market Abuse Regulation as it forms part of UK law.

Ferguson Enterprises announced a PDMR transaction involving Non-Employee Director Brian May. The transaction consisted of a purchase of 686 shares of common stock at $185.14 per share, totaling $127,006.04. The transaction was executed on December 18, 2024, on the New York Stock Exchange. This notification was made in compliance with the EU Market Abuse Regulation as incorporated into UK law.

Ferguson Enterprises announced significant insider transactions on December 11, 2024. The company issued restricted stock units to nine Non-Employee Directors under the 2023 Omnibus Equity Incentive Plan, with most directors receiving 923 units each, while G Drabble and B May received 904 units each. These awards have no performance conditions and will vest at the next annual stockholders meeting, subject to continued service.

Additionally, Non-Employee Director Rick Beckwitt purchased 2,500 shares of common stock at prices ranging from $193.66 to $193.70 per share, for a total investment of $484,231.00. The transactions were reported in accordance with EU Market Abuse Regulation requirements.

Four major companies - BayPort Foundation, Ferguson, Newport News Shipbuilding, and Virginia Natural Gas - have awarded a $500,000 ACT Grant to the Newport News Education Foundation to support the Newport News Public Schools New Teacher Institute (NTI) program. The three-year step-down grant will help build a workforce pipeline by expanding first and second-year teacher programs, providing credentialing assistance, and investing in Career and Technical Education and ESL teachers.

The grant aims to ensure continued support for the NTI program as ESSER (Elementary and Secondary School Emergency Relief) funds expire. The recipient was selected from 21 nonprofit applicants based on their ability to address specific needs, financial investment soundness, and innovative project sustainability.

On December 10, 2024, Ferguson Enterprises filed a Form 10-Q with the U.S. Securities and Exchange Commission (SEC). The document is accessible on the SEC's website and the company's SEC Filings page.

Ferguson Enterprises announced the vesting of restricted stock units under its 2023 Omnibus Equity Incentive Plan for multiple Non-Employee Directors. The vesting occurred on December 5, 2024, and included dividend equivalent shares. Notable transactions include Board Chair Geoff Drabble receiving 414 shares, while new directors Rekha Agrawal and Richard Beckwitt, appointed in September 2024, received 296 shares each. Two directors, Thomas Schmitt and Nadia Shouraboura, stepped down at the 2024 Annual Meeting. All shares were released for nil consideration and were subject to dividend equivalent accrual.

Ferguson reported Q1 FY2025 results with sales of $7.8 billion, up 0.8% year-over-year. Sales volume grew 3%, partially offset by 2% deflation. The company maintained a gross margin of 30.1%, down 10 basis points, and an operating margin of 8.6% (9.1% adjusted).

Key financial highlights include diluted EPS of $2.34 ($2.45 adjusted), quarterly dividend increase of 5% to $0.83, and share repurchases of $256 million. The company completed one acquisition during the quarter and another subsequently, maintaining a strong balance sheet with net debt to adjusted EBITDA of 1.2x.

Ferguson's FY2025 guidance remains unchanged, projecting low single-digit net sales growth and adjusted operating margin of 9.0-9.5%.