Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson Enterprises (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity as part of its $4.0 billion share repurchase program. From August 19 to August 23, 2024, the company purchased a total of 58,527 shares of its common stock. The daily weighted average purchase prices ranged from $205.9191 to $213.5100 per share across various trading venues. Following these purchases, Ferguson now holds 230,146 shares in treasury, with 201,113,107 shares remaining in issue. This figure may be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

Positive

• Ongoing $4.0 billion share repurchase program demonstrates confidence in the company's financial position
• 58,527 shares repurchased in a week, potentially increasing shareholder value
• Share repurchases may lead to improved earnings per share (EPS) for remaining shareholders

Negative

• Capital spent on share repurchases could potentially be used for other growth initiatives or investments
• Share repurchases may reduce the company's cash reserves

NEWPORT NEWS, Va.--(BUSINESS WIRE)-- Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 58,527 of its shares of common stock in the period from August 19, 2024, up to and including August 23, 2024, in connection with its $4.0 billion share repurchase program.

Aggregated information about the purchases carried out during this period

Trading day	Aggregate daily volume (in number of shares)	Daily weighted average purchase price of the shares (USD)	Trading venue
August 19, 2024	4,272	206.3051	INET
August 19, 2024	5,200	206.2121	XDOT
August 19, 2024	753	206.0395	BATS
August 19, 2024	701	206.1744	EDGX
August 19, 2024	105	206.3267	EPRL
August 19, 2024	1,053	205.9191	ARCA
August 19, 2024	305	206.0043	MEMX
August 19, 2024	100	205.6200	NQPX
August 19, 2024	491	206.1544	CHX
August 19, 2024	20	206.4200	BYXX
August 20, 2024	6,801	207.1363	XDOT
August 20, 2024	1,900	206.9137	BATS
August 20, 2024	500	207.0300	EDGX
August 20, 2024	1,302	206.8625	INET
August 20, 2024	100	208.0500	NQPX
August 20, 2024	706	206.9746	ARCA
August 20, 2024	900	206.8978	MEMX
August 21, 2024	5,902	209.7124	XDOT
August 21, 2024	1,710	210.1177	BATS
August 21, 2024	2,030	209.7930	INET
August 21, 2024	700	209.5657	MEMX
August 21, 2024	257	210.5573	CHX
August 21, 2024	100	209.3200	XPER
August 21, 2024	100	210.5500	EPRL
August 21, 2024	100	210.3700	ARCA
August 21, 2024	1	211.2900	IEX
August 21, 2024	100	210.4800	EDGX
August 22, 2024	5,128	210.1282	XDOT
August 22, 2024	1,436	209.8435	ARCA
August 22, 2024	2,123	209.9875	INET
August 22, 2024	200	210.0800	EPRL
August 22, 2024	1,400	209.9257	BATS
August 22, 2024	100	209.0400	NQPX
August 22, 2024	310	209.5171	MEMX
August 22, 2024	1,200	209.5383	EDGX
August 22, 2024	89	209.5344	IEX
August 22, 2024	32	209.6000	CHX
August 23, 2024	4,435	212.1704	XDOT
August 23, 2024	3,106	213.2692	INET
August 23, 2024	400	212.4000	MEMX
August 23, 2024	400	212.6525	EDGX
August 23, 2024	94	213.4100	CHX
August 23, 2024	700	212.9371	BATS
August 23, 2024	700	213.2571	ARCA
August 23, 2024	100	212.8300	XPER
August 23, 2024	211	213.2700	EPRL
August 23, 2024	154	213.5100	NQPX

The Company intends to hold these shares in treasury. Following the purchase of these shares (including those purchased but not yet settled), the number of shares held by the Company in treasury will be 230,146.

Following the purchase of these shares, the remaining number of shares of common stock in issue will be 201,113,107. The figure of 201,113,107 may be used by shareholders (and others with notification obligations) as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure Guidance and Transparency Rules.

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, and the Commission Delegated Regulation (EU) 2016/1052, detailed information about the individual purchases can be found at Ferguson - Investors - Shareholder Center - Share Buy-Back Details - 2024 Share Buy-Back.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240828606253/en/

For further information please contact:



Investor Inquiries

Brian Lantz, Vice President IR and Communications, +1 224 285 2410

Pete Kennedy, Director of Investor Relations, +1 757 603 0111



Media Inquiries

Christine Dwyer, Senior Director Communications and Public Relations, +1 757 469 5813

Source: Ferguson Enterprises Inc.

FAQ

How many shares did Ferguson (FERG) repurchase from August 19 to August 23, 2024?

Ferguson repurchased a total of 58,527 shares of its common stock from August 19 to August 23, 2024.

What is the total value of Ferguson's (FERG) current share repurchase program?

Ferguson's current share repurchase program has a total value of $4.0 billion.

How many shares of Ferguson (FERG) remain in issue after the recent repurchases?

After the recent repurchases, 201,113,107 shares of Ferguson remain in issue.

What was the price range for Ferguson's (FERG) share repurchases from August 19 to August 23, 2024?

The daily weighted average purchase prices for Ferguson's share repurchases ranged from $205.9191 to $213.5100 per share during the period.