Ferguson Enterprises Inc. - FERG STOCK NEWS

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.

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.

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.

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.

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.

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.

Ferguson, a leading distributor of plumbing and HVAC products, reported its Q4 and full-year results for fiscal 2024, along with guidance for FY2025. Q4 highlights include sales of $7.9 billion (up 1.4%) and an operating margin of 10.2%. Full-year results showed sales of $29.6 billion (down 0.3%), with a gross margin of 30.5% and operating margin of 8.9%. The company generated $1.9 billion in net cash from operations and invested $260 million in ten acquisitions.

For FY2025, Ferguson projects low single-digit net sales growth and an adjusted operating margin of 9.0% - 9.5%. The company expects challenging near-term market conditions but remains confident in its ability to outperform as markets return to growth, citing structural tailwinds such as underbuilt and aging U.S. housing and non-residential large capital projects.

Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity as part of its $4.0 billion share repurchase program. From September 3 to September 6, 2024, the company purchased a total of 104,213 shares of its common stock across various trading venues. The daily weighted average purchase prices ranged from $191.7301 to $202.9114 per share. Following these purchases, Ferguson holds 394,206 shares in treasury, with 200,949,047 remaining shares of common stock in issue. This figure may be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

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.