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Ferguson Enterprises Inc. - FERG STOCK NEWS

Welcome to our dedicated page for Ferguson Enterprises news (Ticker: FERG), a resource for investors and traders seeking the latest updates and insights on Ferguson Enterprises stock.

Ferguson plc (formerly Wolseley plc) is a leading multinational distributor of plumbing and heating products, headquartered in Wokingham, England. With a strong presence in the United States, the company operates under the brand name Ferguson Enterprises in North America.

Ferguson primarily supplies products for plumbing, HVAC, and other building services, catering to markets like repair, maintenance, improvement, new construction, and civil infrastructure. It serves over 1 million customers and sources its extensive range of products from 37,000 suppliers.

The company engages its clientele through approximately 1,700 North American branches, telephone services, online platforms, and residential showrooms. In fiscal 2023, Ferguson reported nearly $30 billion in sales, with 95% of its revenue generated in the United States.

Recognized by Modern Distribution Management as North America's largest industrial and construction distributor, Ferguson has sold its UK business in 2021 to focus solely on the North American market.

Ferguson continues to achieve significant milestones and forge strategic partnerships, continuously enhancing its product offerings and market reach. The company's focus on customer-centric services and innovative solutions positions it as a key player in the industry.

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Ferguson (NYSE: FERG; LSE: FERG) has announced it will release its first quarter results on Tuesday, December 10, 2024. The results will be published on Ferguson's website at 6:45 a.m. ET/11:45 a.m. GMT, followed by a conference call and webcast presentation for analysts and investors at 8:30 a.m. ET/1:30 p.m. GMT. A slide presentation will be available 15 minutes before the event, and both the webcast and slides will remain accessible on the company's website for 12 months.

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On October 31, 2024, 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 and on Ferguson's SEC Filings page at corporate.ferguson.com/investor/financial-information/sec-filings.

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Ferguson Enterprises Inc. (FERG) reported transactions by Persons Discharging Managerial Responsibilities (PDMRs) in the company's common stock. On October 14, 2024, conditional shares granted under the LTIP, OSP, and POSP in October 2021 automatically vested. Nine PDMRs sold shares on the same day. On October 15, 2024, the company granted Performance Awards, Restricted Stock Unit Awards, and Non-Qualified Stock Option Awards under the 2023 Omnibus Equity Incentive Plan. The press release details transactions for several executives, including CEO Kevin Murphy, CFO William Brundage, and other senior leaders, specifying the number of shares vested, sold, and granted under various plans.

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Ferguson Enterprises Inc. has filed its Definitive Proxy Statement, Definitive Additional Proxy Soliciting Material, and Annual Report with the SEC on October 15, 2024. These documents are available on the SEC's website and Ferguson's corporate website. The company's 2024 annual meeting of stockholders is scheduled for December 5, 2024, at 9:00 a.m. ET in Norfolk, Virginia.

Ferguson has opted to provide shareholders with online access to proxy materials. A Notice of Internet Availability was mailed to shareholders on October 15, 2024, containing instructions for accessing the 2024 Annual Report and Proxy Statement online. Shareholders can request printed or electronic copies of these materials. The record date for attending and voting at the Annual Meeting is October 9, 2024. Deadlines for proxy voting are December 2 for U.K. Depositary Interest Holders and December 4 for registered shareholders.

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Ferguson Enterprises Inc. has filed important documents with the U.S. Securities and Exchange Commission (SEC) on October 3, 2024. These filings include:

  • A Prospectus Supplement to the automatic shelf registration statement dated September 30, 2024, as amended by the Prospectus Supplement dated October 1, 2024
  • Form 8-K

Investors and interested parties can access these documents on the SEC's official website at sec.gov. Additionally, the filings are available on the SEC Filings page of Ferguson's corporate website at corporate.ferguson.com/investor/financial-information/sec-filings.

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Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) has priced a public offering of $750 million in 5.000% senior unsecured notes due 2034. The notes will be fully guaranteed by Ferguson UK Holdings , an indirect subsidiary of Ferguson. The offering is expected to close on October 3, 2024, subject to customary conditions.

Ferguson plans to use a portion of the net proceeds to prepay certain outstanding term loans, with the remaining funds allocated for general corporate purposes. The offering is being made through a shelf registration statement filed with the SEC, with BofA Securities, J.P. Morgan Securities, and RBC Capital Markets acting as joint book-running managers.

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Ferguson Enterprises Inc. has filed its Annual Report on Form 10-K for the fiscal year ended July 31, 2024, with the U.S. Securities and Exchange Commission (SEC) on September 25, 2024. This important financial document is now accessible to the public through two primary channels:

1. The SEC's official website at sec.gov
2. The SEC Filings page on Ferguson's corporate website at corporate.ferguson.com/investor/financial-information/sec-filings

This filing represents a important step in Ferguson's financial reporting process, providing comprehensive insights into the company's performance and financial position for the 2024 fiscal year.

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Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity from September 16 to 20, 2024, as part of its $4.0 billion share repurchase program. The company purchased a total of 94,742 shares across various trading venues. Daily purchase volumes ranged from 1,000 to 52,992 shares, with weighted average purchase prices between $196.15 and $207.45 per share.

Following these purchases, Ferguson now holds 656,773 shares in treasury, with 200,686,480 remaining shares of common stock in issue. The company intends to use this figure as the denominator for calculations related to interest notifications under the Disclosure Guidance and Transparency Rules.

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Ferguson Enterprises Inc. has issued restricted stock units to two Non-Employee Directors under its 2023 Omnibus Equity Incentive Plan. Rekha Agrawal and Richard Beckwitt each received 295 restricted stock units on September 19, 2024. These awards have no performance conditions and will vest at the next annual meeting of stockholders, subject to continued service. No consideration is payable at allocation or on vesting. The transactions were made outside a trading venue and reported in accordance with the EU Market Abuse Regulation as it applies to UK law.

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Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity from September 9-13, 2024, as part of its $4.0 billion share repurchase program. The company bought back a total of 167,825 shares during this period. Daily purchase volumes ranged from 33,800 to 38,000 shares, with weighted average prices between $186.94 and $192.39. Following these purchases, Ferguson holds 562,031 shares in treasury, with 200,781,222 shares remaining in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

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FAQ

What is the current stock price of Ferguson Enterprises (FERG)?

The current stock price of Ferguson Enterprises (FERG) is $214.1 as of December 2, 2024.

What is the market cap of Ferguson Enterprises (FERG)?

The market cap of Ferguson Enterprises (FERG) is approximately 43.1B.

What is Ferguson plc?

Ferguson plc is a British-American multinational distributor of plumbing and heating products.

Where is Ferguson plc headquartered?

Ferguson plc is headquartered in Wokingham, England.

What brands operate under Ferguson plc?

In North America, the company operates under the brand name Ferguson Enterprises.

What markets does Ferguson serve?

Ferguson serves markets including repair, maintenance, improvement, new construction, and civil infrastructure.

How many customers does Ferguson have?

Ferguson serves over 1 million customers.

How many suppliers does Ferguson source from?

Ferguson sources products from 37,000 suppliers.

How does Ferguson engage its customers?

Ferguson engages customers through 1,700 branches, telephone, online platforms, and residential showrooms.

What were Ferguson's sales figures for fiscal 2023?

Ferguson reported nearly $30 billion in sales for fiscal 2023.

What percentage of Ferguson's sales are generated in the United States?

95% of Ferguson's sales are generated in the United States.

What significant change did Ferguson make in 2021?

Ferguson sold its UK business in 2021 to focus solely on the North American market.

Ferguson Enterprises Inc.

NYSE:FERG

FERG Rankings

FERG Stock Data

43.11B
195.80M
2.43%
90.09%
1.28%
Industrial Distribution
Wholesale-hardware & Plumbing & Heating Equipment & Supplies
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United States of America
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