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 Enterprises Inc. distributes essential water and air products to specialized professionals in North American residential and non-residential construction markets. Its product categories include plumbing, HVAC, appliances, lighting, PVF, and water and wastewater solutions, supported by branch, showroom, phone, and digital customer channels.
Recurring Ferguson news covers operating results, organic and acquisition-driven growth, non-residential project demand, cash returns through dividends, and acquisitions used to consolidate fragmented distribution markets. Company updates also include strategic alliances for contractor e-commerce, SEC filing notices, annual-meeting matters, and Director/PDMR shareholding notifications tied to restricted stock units under the 2023 Omnibus Equity Incentive Plan.
Ferguson announces the continuation of its $4.0 billion share repurchase program. A new non-discretionary agreement with J.P. Morgan Securities will oversee the repurchase of up to $235 million in shares from June 10, 2024, to September 26, 2024. This arrangement is part of a broader initiative authorized by shareholders to buy back up to 20,398,372 ordinary shares. The repurchased shares will be transferred into treasury, reducing the company's capital. Following a merger effective August 1, 2024, Ferguson Enterprises Inc. will assume the repurchase program's obligations. Purchases will be executed on the NYSE in compliance with regulatory requirements.
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 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) 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) 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.