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.
Ferguson PLC reported robust financial results for the third quarter ending April 30, 2022. Net sales surged by 23.1% to $7,284 million, aided by strong residential and non-residential demand. Operating profit increased by 36.9% to $712 million, while diluted earnings per share rose 51.5% to $2.50, driven by effective cost control and share buybacks. The company executed four acquisitions during the quarter, enhancing its market position and projecting adjusted operating profit for the full year between $2.85 billion and $2.95 billion.
Ferguson plc announced on June 13, 2022, that it repurchased 150,000 ordinary shares at a price of £89.52 each as part of its $2 billion share repurchase program. Following this transaction, the company holds a total of 18,946,764 shares in treasury, while the total number of ordinary shares in issue will be 213,224,418. This buyback aims to enhance shareholder value and is in compliance with the Market Abuse Regulation. For further inquiries, investors can contact the company's investor relations representatives.
Ferguson plc announced a recent transaction involving the purchase of 200,000 ordinary shares at a price of £91.46 each as part of its $2 billion share repurchase program. The shares were acquired on June 10, 2022, and will be held in Treasury. Following this transaction, the total number of shares in issue will decrease to 213,374,418. Currently, the company holds 18,796,764 shares in Treasury. This transaction provides shareholders with a new denominator for their interest calculations under disclosure regulations.
Ferguson plc announced the purchase of 133,845 ordinary shares for £93.10 each on June 9, 2022, as part of its $2 billion share repurchase program. The company now holds 18,596,764 shares in treasury, with a total of 213,574,418 shares remaining in issue. This transaction is in line with Ferguson's strategy to return value to shareholders. Shareholders can use the total number of ordinary shares as the basis for any interest notifications under relevant regulations.
Ferguson plc has announced the repurchase of 156,208 ordinary shares for treasury as part of its $2 billion share repurchase program. The transaction occurred on June 08, 2022, at a price of £94.368177 per share. After this transaction, Ferguson holds 18,462,919 shares in treasury, with 213,708,263 ordinary shares remaining in issue. This total will aid shareholders in determining their notification obligations under the Disclosure and Transparency Rules.
Ferguson plc has announced the repurchase of 122,420 of its ordinary shares at a price of £94.870715 each as part of its $2 billion share repurchase program, executed on June 7, 2022. The shares will be held in Treasury, bringing the total number of treasury shares to 18,306,711. Post-repurchase, there are 213,864,471 ordinary shares in circulation. This repurchase is significant for shareholders as it may influence voting rights and ownership calculations under the Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 305,000 ordinary shares, each valued at 10 pence, on June 1, 2022, as part of its $2 billion share repurchase program. The shares were acquired at a price of £93.12 each, facilitated by Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 18,184,291 shares in Treasury, leaving 213,986,891 ordinary shares in circulation. This figure will assist shareholders in determining their notification obligations under the Disclosure and Transparency Rules.
Ferguson PLC has announced its total voting rights and issued share capital as of May 31, 2022. The Company's issued share capital amounts to 232,171,182 ordinary shares of 10 pence each, with 17,879,291 shares held in treasury.
The total voting rights are calculated at 214,291,891 shares, which shareholders should use to determine if they need to notify changes in their interest under regulatory guidelines.
Ferguson plc announced the repurchase of 135,000 ordinary shares at a price of £95.32 each on May 31, 2022, as part of its $2 billion share repurchase program. This purchase will be held in treasury, increasing the total treasury shares to 17,879,291. The total number of ordinary shares in circulation post-transaction will be 214,291,891, which the company advises shareholders to use for interest notification calculations. Detailed transaction information is available in compliance with the Market Abuse Regulation.
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