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 Enterprises Inc. (FERG) has filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC) on August 1, 2024. This regulatory filing is a significant event for publicly traded companies, often used to report major corporate events or changes that shareholders should be aware of. The Form 8-K is now accessible on the SEC's official website at sec.gov and can also be found on Ferguson's corporate website under the SEC Filings section.
While the specific contents of the Form 8-K are not detailed in this announcement, such filings typically cover important information such as financial results, management changes, acquisitions, or other material events that could impact the company's stock price or investor decisions. Shareholders and potential investors are encouraged to review the filing for a comprehensive understanding of any significant developments at Ferguson Enterprises Inc.
Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) has completed its corporate reorganization and is now headquartered in Newport News, Virginia. This move aligns the company's North American operations and leadership with its headquarters and governance. Ferguson, with $29.7 billion in revenue for FY2023, is the largest value-added distributor serving the specialized professional in the $340 billion North American construction market.
The company employs 35,000 associates across more than 1,700 locations, offering expertise and a wide range of products and services including plumbing, HVAC, appliances, lighting, PVF, and water and wastewater solutions. Ferguson is included in the S&P Total Market Index, MSCI, CRSP indices, and Russell 1000.
Ferguson Enterprises Inc. has completed its transition to become the new parent company of the Ferguson plc group, establishing a new corporate structure in the United States. The merger, effective August 1, 2024, involved Ferguson (Jersey) 2 merging with Ferguson plc. Ferguson plc shareholders received one share of Ferguson Enterprises Inc. common stock for each Ferguson plc ordinary share.
As a result, Ferguson plc's listing on the London Stock Exchange was cancelled, and 201,343,253 shares of Ferguson Enterprises Inc. common stock were admitted to trading on the LSE. The company's stock will continue to trade under the symbol 'FERG' on both the NYSE and LSE. Ferguson plc has been re-registered as a private company in Jersey, Channel Islands, and renamed Ferguson (Jersey)
Ferguson plc has completed its transition to a new corporate structure, with Ferguson Enterprises Inc. (FERG) becoming the ultimate parent company domiciled in the United States. The merger, effective August 1, 2024, involved a 1:1 share exchange, with Ferguson plc shareholders receiving one share of Ferguson Enterprises Inc. common stock for each Ferguson plc ordinary share held.
As part of this restructuring, Ferguson plc's listing on the London Stock Exchange (LSE) was cancelled, and 201,343,253 shares of Ferguson Enterprises Inc. common stock were admitted to the LSE's main market. The company's shares will continue to trade under the symbol 'FERG' on both the NYSE and LSE. Ferguson plc has been re-registered as a private company in Jersey, Channel Islands, and renamed Ferguson (Jersey)
Ferguson plc (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity as part of its $4.0 billion buyback program. From July 22 to July 26, 2024, the company purchased a total of 56,000 ordinary shares across various trading venues. Daily purchase volumes ranged from 11,900 to 12,000 shares, with weighted average prices between $209.29 and $218.68 per share. Following these purchases, Ferguson holds 30,827,929 shares in treasury, with 201,343,253 ordinary shares remaining in issue. This figure may be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.
Ferguson plc (NYSE: FERG, LSE: FERG) has reported on its ongoing $4.0 billion share repurchase program. From July 15 to July 19, 2024, the company purchased 60,468 ordinary shares across various trading venues. The daily weighted average purchase prices ranged from $204.24 to $214.45 per share. Following these purchases, Ferguson now holds 30,772,125 shares in treasury, with 201,399,057 ordinary shares remaining in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules. The company intends to keep the repurchased shares in treasury, potentially impacting future share value and earnings per share.
Ferguson plc (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity from July 8 to July 12, 2024, as part of its $4.0 billion share repurchase program. The company bought back a total of 77,542 ordinary shares across various trading venues. Daily weighted average purchase prices ranged from $188.6235 to $203.5509 per share. Following these purchases, Ferguson now holds 30,711,657 shares in treasury, with 201,459,525 ordinary shares remaining in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.
Ferguson plc (NYSE: FERG; LSE: FERG) announced its Q3 2024 dividend of $0.79 per share, payable on July 31, 2024. Shareholders on record as of June 14, 2024, will receive dividends in USD unless they opted to receive GBP by the July 3, 2024 deadline. The exchange rate for GBP is set at 1.2876, translating the dividend to £0.61 per share. The GBP amount is rounded down to the nearest pence.
Ferguson plc (NYSE: FERG, LSE: FERG) announced the purchase of 65,006 ordinary shares from July 1 to July 5, 2024, as part of its $4.0 billion share repurchase program. The aggregate daily volume and daily weighted average purchase price per trading venue were detailed in the press release.
The company plans to hold these shares in treasury. Following these purchases, Ferguson holds 30,634,115 shares in treasury, reducing the total number of ordinary shares in issue to 201,537,067.
This updated figure serves as the denominator for shareholders to determine notification obligations under the Disclosure Guidance and Transparency Rules.
Detailed information can be found on Ferguson's Investor Share Buy-Back Details page.
Ferguson plc (NYSE: FERG, LSE: FERG) has completed the repurchase of 82,121 ordinary shares from June 24 to June 28, 2024, as part of its $4.0 billion share buyback program. The shares were bought at varying daily weighted average prices, with the highest purchase price being $196.3300 and the lowest being $190.2200. The company intends to hold these shares in treasury, raising the total to 30,569,109 treasury shares. After these transactions, Ferguson’s remaining ordinary shares count is 201,602,073. This figure is essential for shareholders and others in determining notification obligations under the Disclosure Guidance and Transparency Rules.
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