Ferguson Share Repurchase Program - Weekly Report

Rhea-AI Summary

Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity from August 26 to August 30, 2024, as part of its $4.0 billion share repurchase program. The company bought back a total of 60,300 shares across various trading venues. Daily purchase volumes ranged from 8,200 to 14,800 shares, with weighted average prices between $204.07 and $217.15 per share. Following these purchases, Ferguson holds 290,102 shares in treasury, with 201,053,151 remaining shares in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

Positive

• Ongoing execution of a substantial $4.0 billion share repurchase program
• Consistent weekly share buybacks demonstrating commitment to returning value to shareholders
• Potential for increased earnings per share due to reduction in outstanding shares

Negative

• Significant cash outflow for share repurchases may impact available funds for other investments or operations
• Declining share prices throughout the week, from $217.15 to $204.07, potentially indicating market concerns

NEWPORT NEWS, Va.--(BUSINESS WIRE)-- Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 60,300 of its shares of common stock in the period from August 26, 2024, up to and including August 30, 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 26, 2024	2,077	216.8795	INET
August 26, 2024	261	217.2517	CHX
August 26, 2024	4,200	217.1333	XDOT
August 26, 2024	725	217.4186	ARCA
August 26, 2024	407	216.9282	BATS
August 26, 2024	700	217.2714	EDGX
August 26, 2024	400	217.1250	EPRL
August 26, 2024	200	216.4050	MEMX
August 26, 2024	200	216.2200	NQPX
August 26, 2024	30	216.5000	IEX
August 27, 2024	6,256	210.2166	XDOT
August 27, 2024	2,086	210.1848	INET
August 27, 2024	1,063	210.4954	MEMX
August 27, 2024	1,495	209.9578	BATS
August 27, 2024	300	210.2867	ARCA
August 27, 2024	200	210.0850	EDGX
August 27, 2024	200	209.8100	EPRL
August 27, 2024	200	209.4800	NQPX
August 28, 2024	1,100	205.9073	EDGX
August 28, 2024	5,962	204.6322	XDOT
August 28, 2024	3,094	204.3194	INET
August 28, 2024	1,400	205.0743	ARCA
August 28, 2024	1,195	204.3983	BATS
August 28, 2024	549	204.4601	MEMX
August 28, 2024	100	203.8000	NQPX
August 28, 2024	100	203.5500	EPRL
August 29, 2024	2,500	205.2068	INET
August 29, 2024	7,270	204.7009	XDOT
August 29, 2024	700	203.8871	ARCA
August 29, 2024	1,130	204.8335	EDGX
August 29, 2024	700	204.0286	BATS
August 29, 2024	400	205.4825	MEMX
August 29, 2024	100	205.8700	XPER
August 30, 2024	1,000	204.7950	MEMX
August 30, 2024	6,005	204.0795	XDOT
August 30, 2024	200	205.1300	NQPX
August 30, 2024	300	203.2433	XPER
August 30, 2024	2,609	204.0694	INET
August 30, 2024	853	204.2496	EDGX
August 30, 2024	900	204.0811	ARCA
August 30, 2024	1,100	203.4827	BATS
August 30, 2024	33	203.6600	EPRL

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 290,102.

Following the purchase of these shares, the remaining number of shares of common stock in issue will be 201,053,151. The figure of 201,053,151 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/20240904627784/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 26 to August 30, 2024?

Ferguson repurchased a total of 60,300 shares of its common stock during the period from August 26 to August 30, 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 does Ferguson (FERG) hold in treasury after the recent buybacks?

After the recent share repurchases, Ferguson holds 290,102 shares in treasury.

What was the price range for Ferguson's (FERG) share repurchases from August 26 to August 30, 2024?

The daily weighted average purchase prices for Ferguson's shares ranged from approximately $204.07 to $217.15 during the reported period.