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 Enterprises Inc. (NYSE: FERG; LSE: FERG) generates a steady stream of news tied to its role as the largest value-added distributor serving the water and air specialized professional in the North American residential and non-residential construction market. News coverage for FERG frequently centers on its financial performance, capital allocation decisions and activities that support its specialized professional customer base.
Investors and market watchers can expect regular earnings and results announcements, including quarterly updates and transition-period reporting as the company moves its fiscal year end to December 31. These releases typically discuss net sales, margins, segment performance in the United States and Canada, and commentary on residential versus non-residential end markets.
Ferguson’s news flow also includes SEC filing notices, such as Form 10-Q and Form 8-K filings, which are highlighted in press releases that direct readers to full documents on the SEC’s website and the company’s own filings page. In addition, the company issues announcements regarding dividends, share repurchases and debt offerings, including public offerings of senior notes and related underwriting agreements.
Another important category of FERG news involves director and executive share transactions and equity awards under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. These updates, often labeled as Director/PDMR Shareholding notices, provide detail on restricted stock unit grants, vesting events and dividend reinvestment purchases.
Ferguson also publishes news about strategic initiatives and partnerships, such as investments made through Ferguson Ventures, its corporate venture capital arm. For example, a recent release describes a strategic funding round in Ply, an inventory and purchasing platform built for the trades, aimed at advancing automated inventory replenishment and real-time visibility for contractors and suppliers.
By following the FERG news page, readers can track how Ferguson communicates its financial results, governance developments, capital structure changes and collaborations that support the water and air specialized professional in North American construction.
Ferguson plc has initiated a $2.5 billion share repurchase program, with a £110 million tranche commencing December 19, 2022. The independent broker Barclays will manage this non-discretionary arrangement until January 12, 2023. Shareholder approval allows for the purchase of up to 20,845,062 ordinary shares. This program aims to reduce company capital and may utilize repurchased shares for future awards. Transactions will occur on the London Stock Exchange and New York Stock Exchange, adhering to regulatory guidelines.
Ferguson plc filed its Form 10-Q with the SEC on December 8, 2022, which can be accessed on both the SEC's website and Ferguson's investor relations page. As a top distributor in North America, Ferguson focuses on providing solutions in various sectors including infrastructure, plumbing, and HVAC. The company aims to simplify customer projects while ensuring sustainability. For detailed information about the filing, interested parties can visit Ferguson's official site or the SEC's portal.
Ferguson plc announced the automatic vesting of conditional shares under its Long Term Incentive Plan (LTIP) on December 5, 2022. Key executives, including CEO Kevin Murphy, General Counsel Ian Graham, and Chief HR Officer Samantha Long, have vested a total of 46,760 shares, with the largest allocation being 43,625 shares to Murphy. These shares will be delivered to the executives in a forthcoming open period following the FY2023 Q1 results. This notification complies with the EU Market Abuse Regulation.
Ferguson plc filed a Form S-8 with the U.S. Securities and Exchange Commission on December 2, 2022. The filing is accessible via the SEC's website and Ferguson's investor page. This form pertains to the registration of employee benefit plans, a standard procedure for public companies intending to offer stock options or similar financial incentives. Ferguson is a leading distributor in North America, focusing on infrastructure, plumbing, HVAC, and more. For further inquiries, contact their investor relations team.
Ferguson plc filed a Form 8-K with the SEC on December 1, 2022. The filing, which is crucial for disclosing important corporate information, can be accessed via the SEC's website and Ferguson's investor relations page. Ferguson is a leading value-added distributor focusing on North America, offering a variety of solutions in infrastructure, plumbing, and HVAC, among others. The company aims to simplify complex projects for its customers. Further information on its operations can be found on the Ferguson website.
BlackRock, Inc. announced a reduction in its voting rights in Ferguson PLC as it fell below the 5% threshold. The notification was made following the threshold breach on November 30, 2022, with the notification submitted on December 1, 2022. Previously, BlackRock held 7.38% of voting rights, now totaling below 5%. The major holdings were indicated through both direct and indirect voting rights, which include financial instruments like securities lending and CFDs. This change in holdings could influence shareholder dynamics and market perceptions.
Ferguson PLC announced its total voting rights as of November 30, 2022. The company has an issued share capital of 232,171,182 ordinary shares of 10 pence each, with 24,516,283 shares held in treasury, resulting in total voting rights of 207,654,899. This number is crucial for shareholders to determine notification requirements under FCA’s rules. The voting rights of treasury shares are suspended.
Ferguson plc announced that it will release its first quarter results on December 6, 2022. The results will be available on its website at www.fergusonplc.com starting at 6:45 a.m. EST/11:45 a.m. GMT. A webcast for analysts and investors will take place at 8:30 a.m. EST/1:30 p.m. GMT on the same day, with a slide presentation available 15 minutes prior to the event. An archived version will be accessible for 12 months post-event. Ferguson, a key distributor in North America, focuses on various infrastructure solutions.
Ferguson plc announced the purchase of 124,977 ordinary shares between November 14 and November 18, 2022, as part of its $2.5 billion share repurchase program. The Company intended to hold these shares in treasury, increasing the total treasury shares to 24,305,732. After this transaction, the remaining ordinary shares in circulation will be 207,865,450. Shareholders can use this figure to determine notification obligations under the Disclosure Guidance and Transparency Rules.
Ferguson plc has released its block listing six-monthly return for the period from May 1, 2022 to October 31, 2022. During this time, the balance of unallotted securities under the Ferguson Group International Sharesave Plan 2011 remains unchanged at 181,430 ordinary 10p shares. There were no increases in the scheme, and no securities were issued or allotted during this period. This report confirms the stability of the scheme without any new allocations or changes.