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.
Overview
Ferguson Enterprises is a prominent North American distributor specializing in plumbing, HVAC, and related construction supplies. As part of a historically multinational company with British-American roots, Ferguson has honed its focus on delivering value-added distribution services that make complex projects simple and successful for professionals in the repair, maintenance, new construction, and infrastructure sectors. The company leverages extensive expertise and a wide-ranging portfolio of products to meet the diverse needs of its customers.
Core Business and Market Position
Operating in a multifaceted industry, Ferguson Enterprises is recognized as the largest plumbing distributor and a leading HVAC distributor in North America. Its core business model relies on connecting over a vast network of suppliers with specialized repair and construction professionals. By emphasizing technical proficiency and a comprehensive range of product categories—including plumbing, HVAC systems, waterworks, and related accessories—Ferguson establishes itself as a critical partner in the construction and maintenance industries.
Distribution Channels and Operational Excellence
The company’s operational excellence is underpinned by a well-organized, omnichannel distribution strategy. Ferguson operates an extensive branch network across North America, bolstered by robust online and telephone service platforms. This multi-touch approach ensures that professionals—from contractors to facility managers—receive timely, expert support and a seamless product sourcing experience. Efficient supply chain management and technical support are at the heart of its operational strategy, enabling the company to address complex project requirements and ensure customer satisfaction even in dynamic market conditions.
Product Portfolio and Value-Added Services
Ferguson offers a broad range of products tailored to both residential and non-residential markets. The product portfolio spans plumbing, HVAC systems, appliances, lighting, water and wastewater solutions, and specialized construction products. This diversity allows Ferguson to serve a wide spectrum of client needs, from routine repairs to large-scale infrastructure projects. By integrating value-added services such as technical advice, supply chain integration, and solution-driven customer engagement, the firm enhances the overall customer experience and builds lasting relationships with industry professionals.
Technology and Supply Chain Integration
Recognizing the importance of technological innovation in modern distribution, Ferguson has embraced advanced solutions to streamline its operations. The company collaborates with technology partners to incorporate cutting-edge systems, such as water management and leak-detection solutions, into its distribution network. These integrations not only improve operational efficiency but also empower customers with tools that enhance project sustainability and safety. Ferguson’s commitment to technology demonstrates its ability to evolve with industry demands and maintain its competitive edge in a complex market environment.
Competitive Landscape and Differentiation
Within an industry populated by various distributors and supply chain specialists, Ferguson distinguishes itself through a combination of scale, depth of expertise, and a comprehensive service model. The firm’s strategic investments in technology, expansive supplier networks, and value-added distribution channels create a robust platform that differentiates it from competitors. By consistently delivering expert advice, reliable supply chain management, and tailored solutions, Ferguson maintains its position as a trusted partner for professionals navigating the challenges of the residential and non-residential construction markets.
Community Engagement and Social Impact
Beyond its core operations, Ferguson is actively involved in community and educational initiatives, underscoring its broader role in societal development. The company’s participation in workforce development programs and partnerships with educational foundations demonstrates its commitment to nurturing the next generation of professionals. These initiatives not only foster community growth but also enhance the company’s reputation as a well-rounded and socially responsible enterprise, dedicated to supporting sustainable development in the regions it serves.
Industry Expertise and Authoritativeness
Ferguson Enterprises exemplifies industry expertise through a deep understanding of the North American construction market and its evolving demands. Its integration of traditional distribution models with modern technology-driven solutions provides a clear example of how companies can adapt and thrive in competitive industries. Expert insights into supply chain management, customer engagement, and technical innovation underscore the company’s capacity to simplify complex projects while maintaining high efficiency, safety, and reliability standards.
Conclusion
The comprehensive approach of Ferguson Enterprises, encompassing robust distribution channels, extensive product offerings, technological advancement, and community engagement, positions it as a cornerstone in the North American construction market. Its ability to merge traditional supply chain logistics with modern, technology-enhanced solutions makes it an integral part of the ecosystem for plumbing, HVAC, and construction professionals. This rich tapestry of capabilities and market insights ensures that Ferguson remains a pivotal resource for stakeholders seeking dependable and expert business solutions in a complex, ever-evolving industry.
Ferguson plc announced the purchase of 30,000 ordinary shares at £102.00 each on October 4, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The company now holds 9,950,681 shares in treasury, reducing the total number of ordinary shares in issue to 222,220,501. This buyback is aimed at enhancing shareholder value and can be used for calculations regarding shareholder interest notifications under the Disclosure and Transparency Rules.
Ferguson has reported on a transaction involving Catherine Halligan, a Non-Executive Director, under the EU Market Abuse Regulation. Halligan purchased a total of 200 ordinary shares at an aggregated price of $27,823.10, with individual prices of $139.3043 and $138.6300. The transaction occurred on September 30, 2021, at the New York Stock Exchange. This is categorized as an initial notification, emphasizing compliance with market regulations.
Ferguson plc has repurchased 30,000 ordinary shares at £102.30 each as part of a $1,000 million share repurchase program initiated on September 28, 2021. This transaction occurred on October 1, 2021, resulting in a total of 9,920,681 shares held in treasury, leaving 222,250,501 ordinary shares in circulation. Shareholders can use this number for their interest calculations under the Disclosure and Transparency Rules. Detailed purchase information has been disclosed in compliance with market regulations.
Ferguson plc announces the repurchase of 30,000 ordinary shares at a price of £103.35 each as part of its $1,000 million share repurchase program initiated on September 28, 2021. The transaction occurred on September 30, 2021, and the shares will be held in Treasury. With this purchase, the total number of shares held in Treasury rises to 9,890,681, leaving 222,280,501 ordinary shares in circulation. This information is critical for shareholders and others regarding their notification obligations under the Disclosure and Transparency Rules.
Ferguson PLC announced its issued share capital as of September 30, 2021, consisting of 232,171,182 ordinary shares of 10 pence each. Out of these, 9,890,681 shares were held in treasury, rendering the total voting rights at 222,280,501. This figure is critical for shareholders as it serves as the denominator for determining notification requirements under the FCA's Disclosure Guidance and Transparency Rules.
This notification is crucial for shareholders' compliance with their obligations regarding interest changes in the Company.
Ferguson plc has initiated a share buyback program aiming to repurchase up to US$1,000 million of its shares over the next 12 months. The first phase involves purchasing up to £290 million of shares, starting from September 30, 2021, until January 13, 2022, through an independent broker, Barclays Capital Securities Limited. This program, authorized by shareholders, aims to reduce the company’s capital and potentially satisfy employee share options. The program adheres to regulations and company policies, ensuring compliance throughout.
WOKINGHAM, UK / ACCESSWIRE / September 29, 2021 / Ferguson plc has filed its Annual Report on Form 20-F for the fiscal year ended July 31, 2021, with the US SEC on September 28, 2021. The report indicates a revenue of $22.8 billion and a trading profit of $2.2 billion. The report is available on Ferguson's website and the SEC's website, with hard copies of audited financial statements available upon request. Ferguson plc is a prominent distributor of plumbing and heating products in North America and is listed on both the London and New York Stock Exchanges under the ticker FERG.
Ferguson plc (LSE:FERG)(NYSE:FERG) announced its financial results for the year ending July 31, 2021, showcasing a robust 14.3% revenue growth to US$22.8 billion. Profit before tax surged 46.4% to US$1.89 billion, while earnings per share increased by 57.8% to 674.7c. The dividend rose 15% to 239.4c, with strong cash generation and a low debt-to-EBITDA ratio of 0.6x. Ferguson made significant investments in acquisitions, totaling US$335 million, and announced a new US$1 billion share buyback program.
Ferguson plc will release its full year results for the period ending July 31, 2021, on September 28, 2021, available on its website from 0700hrs UK time. A live video webcast for analysts and investors will take place on the same day at 1200hrs UK time (0700hrs ET), with registration accessible via the company's website. Ferguson is a major distributor of plumbing and heating products in North America, reporting a revenue of $19.9 billion and a trading profit of $1.6 billion for the previous year.
Ferguson PLC (LSE:FERG)(NYSE:FERG) has announced its total voting rights and capital structure as of August 31, 2021. The company issued 232,171,182 ordinary shares of 10 pence each, with 9,861,263 shares held in treasury. Consequently, the total voting rights available to shareholders stand at 222,309,919. This figure is crucial for shareholders to determine their notification requirements regarding any changes in their interests as mandated by the FCA's Disclosure Guidance and Transparency Rules.
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