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 has announced the purchase of 47,241 ordinary shares at a price of £113.32 each as part of its $1 billion share repurchase program initiated on September 28, 2021. This transaction took place on January 25, 2022. After this purchase, Ferguson holds a total of 12,358,875 shares in Treasury, reducing the number of ordinary shares in issue to 219,812,307. This figure will assist shareholders in determining their notification obligations under the Disclosure and Transparency Rules.
Ferguson plc announced a share repurchase on January 24, 2022, under its $1,000 million program initiated in September 2021. The company bought back 66,539 ordinary shares at a price of £113.55 each, bringing total shares held in treasury to 12,311,634. Following this transaction, 219,859,548 shares remain in circulation. This share repurchase is part of a strategy to enhance shareholder value by reducing the number of shares outstanding, which could positively affect earnings per share.
Ferguson plc has announced the repurchase of 50,416 ordinary shares at £117.22 each on January 21, 2022, as part of its $1 billion share buyback program initiated on September 28, 2021. Following this transaction, Ferguson holds a total of 12,245,095 shares in Treasury. The total number of ordinary shares outstanding post-purchase is 219,926,087. This figure is essential for shareholders and those with notification obligations under the Disclosure and Transparency Rules. Further details on the transaction are available in the linked report.
Ferguson plc announced the repurchase of 31,558 ordinary shares at a price of £118.81 each on January 20, 2022, as part of its $1 billion share repurchase program initiated on September 28, 2021. The company now holds 12,194,679 shares in Treasury, leaving 219,976,503 shares in circulation. This buyback aligns with Ferguson's strategy to utilize excess cash for shareholder return. Further details and individual purchase information are available under the Market Abuse Regulation.
Ferguson plc announced the repurchase of 49,506 ordinary shares at a price of £119.000140 each on January 19, 2022, as part of its $1,000 million share buyback program initiated on September 28, 2021. The company now holds a total of 12,163,387 shares in Treasury, with 220,007,795 ordinary shares remaining in circulation. This information is significant for shareholders as it affects their interest notification obligations under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 48,469 ordinary shares at a price of £121.25 each on January 18, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The company now holds a total of 12,113,881 shares in treasury, with the remaining number of ordinary shares in issue at 220,057,301. This share buyback is intended to enhance shareholder value and may influence calculations related to shareholders' interest notifications under the Disclosure and Transparency Rules.
Ferguson plc has announced the purchase of 86,590 of its ordinary shares at £125.266417 each on January 17, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, the number of treasury shares held by the Company rose to 12,065,412, with a total of 220,105,770 ordinary shares remaining in circulation. This information is crucial for shareholders as they determine their disclosure obligations under the Disclosure and Transparency Rules.
Ferguson plc announced a share repurchase on January 14, 2022, as part of its $1 billion program initiated on September 28, 2021. The company repurchased 39,812 ordinary shares at a price of £124.55 each, bringing the total shares held in Treasury to 11,978,822. Following this transaction, the total number of ordinary shares in issue will be 220,192,360. This information is crucial for shareholders calculating their interests under the Disclosure and Transparency Rules.
Ferguson plc has initiated a share repurchase program, continuing from a previous announcement in September 2021. The new arrangement with J.P. Morgan Securities PLC will run from January 14, 2022, until April 6, 2022, with a maximum allocation of £275 million out of a total of up to $1 billion for the entire program. This initiative aims to reduce the company's capital and may help satisfy employee stock options. Ferguson received authorization to buy up to 22.2 million shares, supporting long-term shareholder value.
Ferguson plc announced the repurchase of 15,000 ordinary shares at a price of £127.211468 each on January 13, 2022. This transaction is part of the company's ongoing $1,000 million share repurchase program initiated on September 28, 2021. Following this purchase, Ferguson holds 11,939,010 shares in Treasury, leaving 220,232,172 ordinary shares in circulation. This number will help shareholders determine their interest notifications under the Disclosure and Transparency Rules.
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