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 filed a Form 8-K on June 3, 2024, and a Form 10-Q on June 5, 2024, with the U.S. Securities and Exchange Commission (SEC). These filings are accessible on both the SEC's official website and Ferguson's corporate website under the SEC Filings section.
Ferguson plc (NYSE: FERG, LSE: FERG) announced the repurchase of 85,490 ordinary shares between May 28, 2024, and May 31, 2024, as part of its $4.0 billion share buyback program.
The repurchases were executed at various trading venues with prices ranging from $202.4500 to $206.8700 per share.
Post-repurchase, Ferguson holds 30,230,911 shares in treasury, leaving 201,940,271 ordinary shares in issue.
This figure will serve as the denominator for shareholders’ notifications under the Disclosure Guidance and Transparency Rules.
Ferguson plc has announced its total voting rights and issued share capital as of May 31, 2024. The company’s share capital comprises 232,171,182 ordinary shares, each valued at 10 pence. Of these, 30,230,911 shares are held in treasury and do not carry voting rights, leaving the total voting rights in the company at 201,940,271. This total will help shareholders determine if they need to disclose their interest in the company as per FCA's Disclosure Guidance and Transparency Rules.
Ferguson plc filed a Form 8-K with the U.S. SEC on May 31, 2024, which is now accessible on the SEC's website and the company's investor relations page. This filing includes details of the resolutions passed during the 2024 Special Meeting, addressing non-ordinary business matters. These resolutions are also available for review at the National Storage Mechanism. This step complies with Listing Rule 14.3.6, ensuring transparency and regulatory adherence.
Ferguson plc has announced the exercise of share options by multiple senior executives, including the CEO, CFO, CLO, CMO, and other senior VPs. This notification is in compliance with the EU Market Abuse Regulation, now part of UK law under the European Union (Withdrawal) Act 2018. Each executive exercised options for 84 ordinary shares at a price of $105.90 per share on May 29, 2024. This amounts to a total transaction value of $8,895.60 per executive. The transactions occurred outside a trading venue.
Ferguson plc (NYSE: FERG, LSE: FERG) announced the repurchase of 100,029 ordinary shares from May 20, 2024, to May 24, 2024, as part of its $3.0 billion share repurchase program.
The daily average purchase prices ranged from $207.56 to $212.13 across various trading venues like ARCX, XNAS, and XNYS. After these purchases, Ferguson plc holds 30,306,221 shares in treasury, with 201,864,961 ordinary shares remaining in issue.
These shares are intended to be held in treasury, and shareholders can use the new share count for notification obligations under the Disclosure Guidance and Transparency Rules.
Ferguson plc (NYSE: FERG; LSE: FERG) has announced the closure of four new acquisitions: Southwest Geo-Solutions, AVCO Supply, GAR Engineering, and Safe Step Tubs of Minnesota. This brings Ferguson's total acquisitions to eight for the fiscal year ending July 31, 2024, with a combined annualized revenue of approximately $350 million.
Southwest Geo-Solutions broadens Ferguson's Waterworks presence in the central and southwest regions. AVCO Supply strengthens Ferguson's position in the commercial pipe, valve, and fitting market in Philadelphia. GAR Engineering expands Ferguson's fire protection design services. Safe Step Tubs of Minnesota enhances Ferguson's offerings in the senior/aging-in-place market.
CEO Kevin Murphy highlights these acquisitions as a strategic fit, enhancing Ferguson's geographic footprint and product offerings while adding valuable talent and customer relationships to the organization.
Ferguson plc (NYSE: FERG, LSE: FERG) has announced the repurchase of 136,845 of its ordinary shares from May 13 to May 17, 2024, as part of its $3.0 billion share repurchase program.
The purchases occurred across various trading venues, with daily volumes ranging from 5 to 52,200 shares, and prices between $210.7368 and $221.7600.
Post-repurchase, Ferguson's treasury holds 30,206,245 shares, with 201,964,937 ordinary shares remaining in circulation.
Shareholders can use this figure for their notification obligations under the UK Disclosure Guidance and Transparency Rules.
Ferguson plc (NYSE: FERG; LSE: FERG) announced that it will release its third quarter results on June 4, 2024.
The financial results will be posted on the company's website at 6:45 a.m. ET/11:45 a.m. BST. A conference call and webcast for analysts and investors will follow at 8:30 a.m. ET/1:30 p.m. BST.
Participants can register for the webcast on Ferguson's website, and a slide presentation will be accessible 15 minutes before the event starts. The webcast and slides will be archived and available for one year after the event.
On May 15, 2024, Ferguson filed a Form SD with the U.S. Securities and Exchange Commission (SEC). This form, known as the Specialized Disclosure Report, is now available on the SEC's website and the company's SEC Filings page. Form SD is typically filed to address specific disclosure requirements, often related to conflict minerals or other key compliance areas.
FAQ
What is the current stock price of Ferguson Enterprises (FERG)?
What is the market cap of Ferguson Enterprises (FERG)?
What is Ferguson plc?
Where is Ferguson plc headquartered?
What brands operate under Ferguson plc?
What markets does Ferguson serve?
How many customers does Ferguson have?
How many suppliers does Ferguson source from?
How does Ferguson engage its customers?
What were Ferguson's sales figures for fiscal 2023?
What percentage of Ferguson's sales are generated in the United States?
What significant change did Ferguson make in 2021?
