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 repurchase of 24,180 of its ordinary shares for treasury on January 12, 2022, as part of its $1 billion share repurchase program initiated on September 28, 2021. The shares were bought at a price of £125.901030 each through Barclays Capital Securities Limited. Post-transaction, Ferguson holds a total of 11,924,010 shares in treasury, with 220,247,172 shares remaining in circulation. This transaction complies with the Market Abuse Regulation and aims to manage shareholder interests.
Ferguson plc hosted a Virtual Investor Day on January 13, 2022, presenting insights into its strategic positioning and growth opportunities. Senior executives discussed Ferguson's leadership in large markets, sustainable outperformance through scale, and potential growth via acquisitions. A shareholder vote to facilitate a primary US listing is expected around March 10, 2022. Ferguson, focusing entirely on North America, anticipates enhancing its market presence, with revenue reported at $22.8 billion for the year ended July 31, 2021.
Ferguson plc announced a share buyback on January 11, 2022, purchasing 40,000 ordinary shares at a price of £124.50 each, part of a $1,000 million share repurchase program initiated on September 28, 2021. The total shares held in Treasury now amount to 11,899,830, with 220,271,352 ordinary shares remaining in circulation. Shareholders can use this figure for calculations related to their interests under the Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 40,000 ordinary shares at a price of £123.55 each on January 10, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. With this transaction, the total shares held in treasury now amount to 11,859,830. Following this repurchase, the total number of ordinary shares in issue will be 220,311,352. This figure is crucial for shareholders as it serves as a denominator for regulatory notifications under the Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 30,000 ordinary shares of 10 pence each on January 7, 2022, as part of its $1 billion share repurchase program initiated on September 28, 2021. The shares were acquired at a price of £128.40 each, executed by Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 11,819,830 shares in treasury, with the total number of ordinary shares in issue remaining at 220,351,352. These figures will assist shareholders in determining their notification obligations under the Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 70,000 ordinary shares at £129.65 each on January 6, 2022, as part of its ongoing $1,000 million share repurchase program initiated on September 28, 2021. With this transaction, Ferguson holds a total of 11,789,830 shares in Treasury, while the total number of ordinary shares in issue will now be 220,381,352. This share buyback aims to enhance shareholder value and provides a new denominator for interest notifications under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 60,000 ordinary shares of 10 pence each at a price of £132.90 per share on January 5, 2022. This action is part of its $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, Ferguson holds 11,719,830 shares in Treasury, reducing the number of ordinary shares in issue to 220,451,352.
Shareholders can use this figure for interest notification under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 19,797 ordinary shares on January 4, 2022, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares were bought at a price of £133.05 each through Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 11,659,830 shares in Treasury, with 220,511,352 ordinary shares remaining in circulation. This remaining figure is vital for shareholders regarding interest notifications under the Disclosure and Transparency Rules.
Ferguson PLC announced its total voting rights and capital as of December 31, 2021. The company has an issued share capital of 232,171,182 ordinary shares with 11,640,033 shares held in treasury, resulting in total voting rights of 220,531,149. This total can be used by shareholders to assess whether they need to notify changes in their interest in the company under the FCA's rules. The announcement is in compliance with DTR 5.6.1 regulations.
Ferguson plc has executed a share repurchase program, buying back 50,000 ordinary shares at a price of £132.20 per share on December 30, 2021. This transaction is part of a broader $1,000 million repurchase initiative announced on September 28, 2021. Following this purchase, Ferguson holds a total of 11,640,033 shares in Treasury, leaving 220,531,149 ordinary shares outstanding. This figure will assist shareholders in determining their notification obligations under the Disclosure and Transparency Rules.
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