Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc filed a Form 8-K with the U.S. SEC on October 13, 2022. The filing is accessible on the SEC's website and Ferguson's investor page. The company, a leading distributor in North America, specializes in infrastructure, plumbing, HVAC, and more, aiming to simplify complex projects for customers. Headquartered in the U.K. with operations in North America, Ferguson continues to focus on providing sustainable solutions. For more information, visit their official website.

Ferguson plc (NYSE:FERG) announced an $800 million liquidity increase through various financing transactions. Key components include a $500 million syndicated three-year term loan maturing in October 2025, a $300 million increase in the receivables securitization facility to $1.1 billion, and a $250 million increase in the revolving credit facility to $1.35 billion. These measures aim to support general corporate purposes and reflect confidence in Ferguson's business model.

Ferguson plc (NYSE:FERG) announced the purchase of 97,013 ordinary shares on October 3, 2022, as part of its $2.5 billion share repurchase program. The trades included 80,041 shares at a daily weighted average price of 9,346.3538 on the XLON trading venue, and an additional 16,972 shares at the same price on the BATE trading venue. Following these purchases, Ferguson holds 23,670,512 shares in treasury, reducing the total active shares to 208,500,670. This amount serves as a denominator for shareholders to assess their notification obligations under regulatory rules.

Ferguson plc has initiated a $2.5 billion share repurchase program, commencing October 5, 2022, with a tranche of up to £102 million. J.P. Morgan Securities will manage the execution of buybacks, independently conducting trades to minimize market exposure. Share buybacks are intended to decrease the Company's capital and may be used for employee share awards. Ferguson has shareholder authority to repurchase up to 22,186,462 shares and plans to seek further approval at its upcoming AGM in November 2022.

Ferguson PLC has reported a notification under the EU Market Abuse Regulation regarding a transaction by Nadia Shouraboura, a Non-Executive Director. The notification details an initial purchase of 1,000 Ordinary Shares at a price of $103.3057 each, completed on September 30, 2022, at the New York Stock Exchange. The total transaction value was approximately $103,305.70. The LEI for Ferguson PLC is 213800DU1LGY3R2S2X42.

Ferguson PLC has announced its total voting rights and issued share capital as of September 30, 2022. The company has a total of 232,171,182 ordinary shares of 10 pence each. However, 23,573,499 treasury shares are automatically suspended, leading to total voting rights of 208,597,683. Shareholders can use this figure to determine their notification requirements under FCA rules and the company's articles of association. This information is compliant with DTR 5.6.1.

Ferguson plc (NYSE: FERG) has filed its Annual Report on Form 10-K for the fiscal year ending July 31, 2022, with the SEC on September 27, 2022. The report is accessible on Ferguson's website and the SEC's website. Shareholders can request a hard copy of the audited financial statements at no cost. Ferguson is a prominent value-added distributor in North America, specializing in infrastructure, plumbing, HVAC, and more. The company aims to simplify complex projects for its customers, with headquarters in the UK.

Ferguson PLC reported robust financial results for Q4 2022 and the full year, showcasing a 21.4% sales growth in Q4 and a remarkable 25.3% for the full year, driven by acquisitions and organic growth. Operating profit surged 23.1% in Q4 and 44.6% for the year. A final dividend increase of 15% to $1.91 per share and a strong balance sheet with net debt to adjusted EBITDA of 1.0x were highlighted. The company anticipates low single-digit net sales growth for FY2023, maintaining a positive outlook amidst economic challenges.

Ferguson (NYSE: FERG) has partnered with Ford to pilot a F550 Fuel Cell Prototype Chassis Work Truck for six months as part of its sustainability initiative. This collaboration aims to address industry challenges like battery range and payload capacity. Ferguson will provide real-world usage data to Ford, enhancing fuel cell technology for commercial vehicles. Additionally, the program aligns with Ferguson's strategy to reduce Scope 1 emissions and complements its earlier initiative to introduce 30 all-electric delivery trucks in California.