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 announced the repurchase of 42,434 ordinary shares at a price of £118.284036 each on November 24, 2021, as part of its $1,000 million share repurchase program launched on September 28, 2021.
Post-transaction, Ferguson holds a total of 11,027,062 shares in Treasury, with 221,144,120 ordinary shares remaining in circulation.
This buyback may affect shareholder equity and could signal confidence in the company's financial health.
Ferguson plc (LSE:FERG) announced a share repurchase of 75,110 ordinary shares at a price of £118.50 each on November 23, 2021, as part of its $1 billion buyback program initiated on September 28, 2021. Following this transaction, Ferguson holds a total of 10,984,628 shares in Treasury. The total number of ordinary shares in issue is now 221,186,554, which shareholders can use to determine their interest under the Disclosure and Transparency Rules. The broker for this transaction was Barclays Capital Securities Limited.
Ferguson plc will announce its financial results for the three months ending October 31, 2021, on December 7, 2021. The results will be accessible on their website from 0700hrs GMT (or 0200hrs ET) after being released to the London Stock Exchange. For the fiscal year ending July 31, 2021, Ferguson reported revenues of $22.8 billion. Ferguson is a prominent distributor in North America, offering a wide range of products and services across various sectors, including plumbing and HVAC.
Ferguson plc announced a share repurchase on November 22, 2021, purchasing 14,015 ordinary shares at a price of £121.095654 each, part of a $1,000 million program initiated on September 28, 2021.
The total shares held in treasury now stands at 10,909,518, while the remaining shares in issue are 221,261,664. This figure will be utilized by shareholders for interest notification as per regulations.
The broker for this transaction was Barclays Capital Securities Limited.
Ferguson PLC announced a final dividend of 166.5 US cents per share, pending shareholder approval at the AGM on December 2, 2021. Eligible shareholders can receive dividends in either US dollars or pounds sterling, with a currency election deadline of November 12, 2021. For those opting for GBP, the exchange rate is 1.3451, resulting in a dividend of 123.78 pence per share. If approved, the payment date is set for December 10, 2021.
Ferguson plc announced the purchase of 40,000 ordinary shares, valued at £120.20 each, on November 19, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The shares will be held in Treasury, increasing the total Treasury shares to 10,895,503. Following this purchase, the total number of ordinary shares in circulation will be 221,275,679. This figure is crucial for shareholders to evaluate their interest under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 6,452 ordinary shares on November 18, 2021, as part of its $1 billion share repurchase program initiated on September 28, 2021.
The shares were bought at a price of £120.54 each through Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 10,855,503 shares in Treasury, with 221,315,679 shares remaining in issue. This announcement includes information under the Market Abuse Regulation and may affect shareholders' notification obligations.
Trimble and Ferguson Waterworks have announced a collaboration to enhance utility services through Trimble's digital water solutions, available at over 1,600 Ferguson locations. This partnership enables municipal and utility customers to access advanced technologies for managing water and wastewater systems. Key offerings include IoT devices, handheld GNSS receivers, and asset management software. This collaboration aims to address challenges faced by utility owners, particularly aging infrastructure, and allows Ferguson to provide better support to its customers.
Ferguson plc announced the repurchase of 20,000 ordinary shares at £119.349026 each on November 17, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021.
The company now holds 10,849,051 shares in treasury out of a total of 221,322,131 shares in issue. This repurchase supports shareholder value by reducing the number of shares outstanding, enhancing earnings per share metrics.
Ferguson plc has announced a share repurchase of 41,273 ordinary shares at £118.068945 each, totaling approximately £4.87 million. This purchase is part of its $1,000 million share repurchase program initiated on September 28, 2021. As a result of this transaction, Ferguson holds a total of 10,829,051 shares in Treasury. The remaining ordinary shares in issue will be 221,342,131. This repurchase aligns with the company's strategy to enhance shareholder value.
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