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 a share repurchase on November 1, 2021, buying 370 ordinary shares for £111.01 each. This purchase is part of a $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, Ferguson holds 10,558,263 shares in Treasury, with 221,612,919 ordinary shares remaining in issue. This figure is significant for shareholders as it serves as the denominator for interest calculations under the Disclosure and Transparency Rules.
Ferguson plc announced its block listing interim return as of November 1, 2021. For the period from May 1, 2021 to October 31, 2021, the company reported a balance of 91,063 ordinary 10p shares under the Ferguson Group Long Term Incentive Plan 2015, with no increase since the last return and no securities issued during the period. Additionally, under the Ferguson Group International Sharesave Plan 2011, the balance at the end of the period remained 181,430 ordinary 10p shares, also with no changes or issuances reported.
Ferguson plc has announced the purchase of 47,595 ordinary shares under its $1,000 million share repurchase program on October 29, 2021. This acquisition at a price of £109.26 per share will be held in Treasury. Post-transaction, Ferguson will have a total of 10,557,893 shares in Treasury, reducing the ordinary shares outstanding to 221,613,289. This figure will serve as the denominator for shareholder notification obligations under the Disclosure and Transparency Rules.
Ferguson PLC announced its total voting rights as of October 31, 2021, in compliance with DTR 5.6.1 regulations. The company has an issued share capital of 232,171,182 ordinary shares of 10 pence each, with 10,557,893 shares held in treasury. Consequently, the total voting rights available to shareholders is 221,613,289. This figure serves as a denominator for shareholders when determining notification requirements under the FCA's Disclosure Guidance and Transparency Rules.
On October 29, 2021, Ferguson PLC published its Annual Report and Accounts 2021, following its full-year results announcement on September 28, 2021. The report is available on the company's website, and shareholders have received the Notice for the Annual General Meeting scheduled for December 2, 2021. The dividend timetable includes key dates such as the ex-entitlement date on October 28 and payment on December 10. The report highlights principal risks including market conditions, competition, and regulatory changes, alongside strategies to manage these risks.
Ferguson plc announced on October 29, 2021, the repurchase of 23,876 ordinary shares for Treasury as part of its $1,000 million share buyback program initiated on September 28, 2021. The shares were acquired at a price of £109.284853 each, facilitated by Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 10,510,298 shares in Treasury. The total ordinary shares in issue reduced to 221,660,884. This buyback program aims to enhance shareholder value and improve capital returns.
Ferguson plc announced the repurchase of 20,000 ordinary shares on October 27, 2021, as part of its $1,000 million share repurchase program. The shares were bought at a price of £109.403798 each through Barclays Capital Securities Limited. Following this transaction, the company holds a total of 10,486,422 shares in treasury, with 221,684,760 ordinary shares remaining in issue. This repurchase may influence shareholders' interest calculations under the Disclosure and Transparency Rules.
Ferguson plc has announced the repurchase of 40,000 ordinary shares at a price of £108.81 each on October 26, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The repurchased shares will be held in Treasury, increasing the total treasury shares to 10,466,422. Following this transaction, 221,704,760 ordinary shares remain in circulation. This figure will guide shareholders in their notification obligations under the Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 40,000 ordinary shares for Treasury on October 25, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021.
The shares were acquired at a price of £107.50 each through broker Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 10,426,422 Treasury shares, with 221,744,760 shares remaining in circulation.
Ferguson plc announced a share repurchase of 20,005 ordinary shares at £108.25 each on October 22, 2021, as part of its $1 billion buyback program initiated on September 28, 2021. This purchase increases Ferguson's treasury shares to 10,386,422, with total ordinary shares outstanding reduced to 221,784,760. The repurchased shares will be held in treasury, impacting future share calculations under the Disclosure and Transparency Rules. For detailed purchase information, refer to the attached documentation.
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