Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc has initiated a $2 billion share repurchase program, entering a non-discretionary agreement with J.P. Morgan Securities starting June 24, 2022, and ending by October 10, 2022. The maximum allocated for this tranche is £375 million. Authorized at its December 2021 AGM, the company plans to seek further authority in late 2022. The repurchase aims to reduce capital and may support employee share awards. All transactions will comply with applicable regulations and market practices.

Ferguson plc has announced the repurchase of 110,000 ordinary shares as part of its $2 billion share repurchase program on June 22, 2022. The shares were acquired at a price of £87.92 each. Following this transaction, Ferguson holds 19,844,176 shares in Treasury and the total number of ordinary shares in issue stands at 212,327,006. This information will assist shareholders in determining their interest notifications under the Disclosure and Transparency Rules.

Ferguson plc announced the repurchase of 153,000 ordinary shares at a price of £90.046913 per share on June 21, 2022, as part of its $2 billion share repurchase program. The shares will be held in Treasury, increasing the total treasury shares to 19,734,176. After this transaction, the total number of shares in issue will be 212,437,006. Investors may use this figure for determining interest notifications under the Disclosure and Transparency Rules.

Ferguson plc announced the purchase of 158,000 of its ordinary shares at a price of £89.596422 each on June 20, 2022, as part of its $2 billion share repurchase program. This transaction increases the total number of shares held in Treasury to 19,581,176, with 212,590,006 ordinary shares remaining in issue post-transaction. The company intends to hold the repurchased shares in Treasury, and this number is relevant for shareholders to determine their notification obligations under the Disclosure and Transparency Rules.

WOKINGHAM, UK / ACCESSWIRE / June 19, 2022 - Ferguson plc has confirmed the purchase of 152,000 ordinary shares at £89.17 each on June 17, 2022, as part of its $2 billion share repurchase initiative. The shares will be held in Treasury, increasing the total held to 19,423,176. Post-transaction, the Company will have 212,748,006 ordinary shares remaining in circulation, a figure crucial for shareholders to determine their notification obligations under the Disclosure and Transparency Rules.

Ferguson announced a repurchase of 153,000 ordinary shares at £86.80 each on June 16, 2022, as part of its $2 billion share repurchase program. The shares will be held in Treasury, increasing the total treasury shares to 19,271,176. After this transaction, the number of ordinary shares in issue will be 212,900,006, which shareholders can use to assess their interests under the Disclosure and Transparency Rules. Detailed information about individual purchases is included in the announcement.

Ferguson plc announced the repurchase of 99,161 ordinary shares at a price of £91.30 each on June 15, 2022. This transaction is part of Ferguson's $2 billion share repurchase program. Following this purchase, the company holds a total of 19,118,709 shares in treasury, with 213,052,473 ordinary shares remaining in circulation. Shareholders can use this number to calculate any required notifications under the Disclosure and Transparency Rules. The shares are intended to be held in treasury.

Ferguson plc has announced the purchase of 72,784 ordinary shares for treasury on June 14, 2022, as part of its $2 billion share repurchase program. The shares, priced at £90.787183 each, will be held in treasury, increasing the total treasury shares to 19,019,548. Following this transaction, the total number of ordinary shares in issue will be 213,151,634, serving as the denominator for shareholder interest calculations under transparency rules. This reflects Ferguson's ongoing commitment to returning value to shareholders.

Ferguson PLC reported robust financial results for the third quarter ending April 30, 2022. Net sales surged by 23.1% to $7,284 million, aided by strong residential and non-residential demand. Operating profit increased by 36.9% to $712 million, while diluted earnings per share rose 51.5% to $2.50, driven by effective cost control and share buybacks. The company executed four acquisitions during the quarter, enhancing its market position and projecting adjusted operating profit for the full year between $2.85 billion and $2.95 billion.