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 issued its latest interim return regarding its employee share schemes as of April 30, 2021. The report covers three schemes: the Ferguson Group Share Option Plan 2010, the Ferguson Group Long Term Incentive Plan 2015, and the Ferguson Group International Sharesave Plan 2011. Notably, the 2010 plan has expired, and no shares will be issued under it moving forward. For the Long Term Incentive Plan, there are 91,063 ordinary shares unallotted, while the International Sharesave Plan holds a balance of 181,430 unallotted shares. No new shares were issued during this period.
Ferguson plc announced a share repurchase of 36,204 ordinary shares at a price of £91.741039 each on April 29, 2021, as part of its $400 million repurchase program initiated on March 16, 2021. The company now holds 8,250,643 shares in Treasury, with the total number of ordinary shares in circulation reduced to 223,920,539. This purchase is significant as it may affect shareholder calculations under the Disclosure and Transparency Rules.
Ferguson plc has announced a share repurchase transaction, purchasing 30,000 ordinary shares at a price of £91.48 each on April 28, 2021, as part of its $400 million program initiated on March 16, 2021. Following this transaction, Ferguson holds 8,216,115 shares in treasury, with a remaining 223,955,067 ordinary shares in issue. This figure will assist shareholders in notifying changes in their interests under the Disclosure and Transparency Rules. Detailed information on the purchases is attached to the announcement.
Ferguson plc announced the repurchase of 1,764 ordinary shares at £91.851031 each on April 27, 2021. This transaction is part of its $400 million share repurchase program initiated on March 16, 2021. The company now holds a total of 8,186,115 shares in Treasury, with 223,985,067 ordinary shares remaining in circulation. These shares are held for future use and will help shareholders determine their interest in the company according to the Disclosure and Transparency Rules.
Ferguson plc (LSE:FERG, NYSE:FERG) announced on April 26, 2021, the repurchase of 27,426 ordinary shares at a price of £92.26 each under its $400 million share repurchase program initiated on March 16, 2021. The company now holds a total of 8,184,351 shares in Treasury. Following this transaction, the total number of ordinary shares in issue is 223,986,831. This information provides shareholders with a denominator for determining their interest under the Disclosure and Transparency Rules.
Ferguson PLC has announced an interim dividend of 72.9 US cents per share and a special dividend of 180.0 US cents per share, to be paid on May 11, 2021. Shareholders have the option to receive dividends in either US dollars or in pounds sterling, with an exchange rate set at 1.3888. For GBP recipients, the interim dividend amounts to 52.49 pence and the special dividend to 129.61 pence. The deadline for currency election was April 13, 2021, and eligible shareholders were registered by March 26, 2021.
Ferguson plc has announced the repurchase of 50,000 of its ordinary shares at a price of £92.82 per share on April 23, 2021. This transaction is part of its ongoing $400 million share buyback program initiated on March 16, 2021.
The company intends to hold these shares in Treasury, increasing its total Treasury shares to 8,156,925. Following this purchase, there will be 224,014,257 ordinary shares issued. This number will be used by shareholders for calculating notification obligations under Disclosure and Transparency Rules.
Ferguson plc has announced the repurchase of 30,000 ordinary shares at a price of £92.86 each, totaling approximately £2.78 million. This action is part of its $400 million share repurchase program initiated on March 16, 2021. Following this transaction, the company holds a total of 8,106,925 shares in treasury, with 224,064,257 ordinary shares remaining in circulation. This repurchase may serve to enhance shareholder value and reflects the company's strategy to optimize its capital structure.
Ferguson plc announced a share repurchase of 60,000 ordinary shares at a price of £92.12 each on April 21, 2021. This is part of a previously disclosed $400 million share repurchase program initiated on March 16, 2021. Following this transaction, Ferguson holds 8,078,177 shares in treasury, with the total ordinary shares outstanding reduced to 224,093,005. The purchase is conducted through Barclays Capital Securities Limited.
Ferguson plc announces a share repurchase of 50,000 ordinary shares at £92.08 each on April 20, 2021, as part of its $400 million program initiated on March 16, 2021. The company now holds a total of 8,018,177 shares in treasury, with 224,153,005 shares remaining in issue. This move allows shareholders to adjust their interest calculations under the Disclosure and Transparency Rules. The transaction was executed by Barclays Capital Securities Limited.
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