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 on April 7, 2021, the repurchase of 33,984 ordinary shares at a price of £91.224647 each, totaling a portion of its $400 million share repurchase program initiated on March 16, 2021. Following this transaction, Ferguson holds 7,620,233 shares in Treasury, with a total of 224,550,949 ordinary shares remaining in circulation. This buyback aims to enhance shareholder value and will serve as a basis for interest notifications under Disclosure and Transparency Rules.
Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 30,000 ordinary shares at £90.04 each on April 6, 2021, as part of a $400 million share repurchase program initiated on March 16, 2021. The company now holds a total of 7,586,249 shares in treasury, with 224,584,933 ordinary shares remaining in circulation. The repurchased shares will be held in treasury. This transaction complies with the Market Abuse Regulation, and details are attached to the announcement.
Ferguson plc announced the purchase of 37,157 ordinary shares of 10 pence each on April 1, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares were bought at £88.741875 each through Barclays Capital Securities Limited. After this transaction, Ferguson holds a total of 7,556,249 shares in Treasury, with the total number of ordinary shares in circulation now at 224,614,933. This figure is crucial for shareholders for compliance with the Disclosure and Transparency Rules.
Ferguson PLC announces its issued share capital as of March 31, 2021, consists of 232,171,182 ordinary shares of 10 pence each. Out of these, 7,520,565 ordinary shares are held in treasury, resulting in 224,650,617 total voting rights. This value is vital for shareholders to determine their notification obligations regarding any interest changes under the FCA's Disclosure Guidance and Transparency Rules. The information serves as an essential update for shareholders regarding their voting rights.
Ferguson plc announces the repurchase of 50,000 ordinary shares at £86.68 each on March 31, 2021, as part of its $400 million share buyback program initiated on March 16, 2021. Following this transaction, Ferguson holds a total of 7,520,565 shares in treasury, with 224,650,617 ordinary shares remaining in circulation. This information is critical for shareholders to assess their interests under the Disclosure and Transparency Rules. For more details, refer to the attached announcement.
Ferguson plc (LSE:FERG, NYSE:FERG) announced the purchase of 39,996 ordinary shares on March 30, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares were bought at a price of £87.804305 each, with Barclays Capital Securities Limited as the broker. Following this transaction, Ferguson holds a total of 7,470,565 shares in Treasury. The total number of ordinary shares in issue will now be 224,700,617, which shareholders can use to assess their interest under the Disclosure and Transparency Rules.
Ferguson has partnered with VODA.ai to utilize AI software for enhancing decision-making in utility infrastructure. VODA.ai's daVinci ML engine aids Ferguson Waterworks in predicting pipe failures, allowing utilities to prioritize replacement projects based on risk assessment. This collaboration aims to streamline capital investment and resource allocation, enhancing operational efficiency for water utilities. Ferguson, a major player in plumbing supplies, continues to strengthen its innovative offerings with this integration of advanced machine learning technology.
Ferguson plc has announced the repurchase of 39,998 ordinary shares at £88.20 each on March 29, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares will be held in Treasury, increasing the total shares held by the company to 7,430,569. After this transaction, the total number of ordinary shares in issue will be 224,740,613. This new figure helps shareholders understand their notification obligations under the Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 50,000 ordinary shares on March 26, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares were bought at a price of £86.792231 each. After this transaction, the company holds a total of 7,390,571 shares in treasury, with 224,780,611 ordinary shares remaining in circulation. This transaction aligns with regulatory standards under the Market Abuse Regulation and affects shareholder calculations regarding interest notifications.
Ferguson plc (NYSE:FERG) announced on March 25, 2021, that it repurchased 70,000 ordinary shares at a price of £85.65 each as part of its ongoing $400 million share repurchase program initiated on March 16, 2021. Following this transaction, Ferguson holds a total of 7,340,571 shares in Treasury, while the remaining number of ordinary shares in issue is 224,830,611. This information is crucial for shareholders and other stakeholders for compliance with the Disclosure and Transparency Rules.
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