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 PLC has announced its total voting rights and issued share capital as of September 30, 2022. The company has a total of 232,171,182 ordinary shares of 10 pence each. However, 23,573,499 treasury shares are automatically suspended, leading to total voting rights of 208,597,683. Shareholders can use this figure to determine their notification requirements under FCA rules and the company's articles of association. This information is compliant with DTR 5.6.1.
Ferguson plc (NYSE: FERG) has filed its Annual Report on Form 10-K for the fiscal year ending July 31, 2022, with the SEC on September 27, 2022. The report is accessible on Ferguson's website and the SEC's website. Shareholders can request a hard copy of the audited financial statements at no cost. Ferguson is a prominent value-added distributor in North America, specializing in infrastructure, plumbing, HVAC, and more. The company aims to simplify complex projects for its customers, with headquarters in the UK.
Ferguson PLC reported robust financial results for Q4 2022 and the full year, showcasing a 21.4% sales growth in Q4 and a remarkable 25.3% for the full year, driven by acquisitions and organic growth. Operating profit surged 23.1% in Q4 and 44.6% for the year. A final dividend increase of 15% to $1.91 per share and a strong balance sheet with net debt to adjusted EBITDA of 1.0x were highlighted. The company anticipates low single-digit net sales growth for FY2023, maintaining a positive outlook amidst economic challenges.
Ferguson (NYSE: FERG) has partnered with Ford to pilot a F550 Fuel Cell Prototype Chassis Work Truck for six months as part of its sustainability initiative. This collaboration aims to address industry challenges like battery range and payload capacity. Ferguson will provide real-world usage data to Ford, enhancing fuel cell technology for commercial vehicles. Additionally, the program aligns with Ferguson's strategy to reduce Scope 1 emissions and complements its earlier initiative to introduce 30 all-electric delivery trucks in California.
Ferguson plc (NYSE:FERG) will announce its fourth quarter and year-end results on September 27, 2022, at 6:50 a.m. ET. The results will be accessible on Ferguson's website. A webcast for investors is scheduled at 7:30 a.m. ET, allowing participants to register via the website. Accompanying presentation slides will be available prior to the event. Ferguson is a premier distributor in North America, specializing in plumbing, HVAC, and other essential products, dedicated to simplifying complex projects for customers.
Ferguson plc (NYSE:FERG) reported the purchase of 166,282 ordinary shares from September 5 to September 9, 2022, as part of its $2 billion share repurchase program. The weighted average purchase price for these shares was approximately 9,835.43 per share. Following these transactions, Ferguson holds 22,415,160 shares in treasury, leaving 209,756,022 ordinary shares in circulation. These figures comply with the Market Abuse Regulation and serve as a reference for shareholders in reporting changes in their interests.
Ferguson PLC announced its total voting rights as of August 31, 2022, noting an issued share capital of 232,171,182 ordinary shares at 10 pence each. Out of these, 22,122,616 shares are suspended as treasury shares. Consequently, the total voting rights available to shareholders is 210,048,566. This figure serves as the basis for shareholders to notify any changes in their interest under the FCA's Disclosure Guidance and Transparency Rules.
Ferguson plc (NYSE:FERG) reported the purchase of 204,178 ordinary shares from August 8 to August 12, 2022, under its $2 billion share repurchase program. The shares were acquired at a weighted average price of approximately $102.45 per share. Following this transaction, the total number of shares held in treasury will be 21,464,244, reducing the number of ordinary shares in issue to 210,706,938. This reduction can impact shareholder calculations regarding interests under the Disclosure Guidance and Transparency Rules.
The City of Miamisburg, Ohio, has partnered with Ferguson Waterworks to replace 8,500 water meters, enhancing customer service and operational efficiency. This advanced metering infrastructure (AMI) system enables real-time water usage monitoring and leak notifications via an app. Residents will be notified of the meter exchange schedule, which may cause brief service interruptions. Ferguson, listed on NYSE under the ticker FERG, specializes in providing infrastructure and plumbing solutions across North America.
Ferguson plc (NYSE:FERG) announced a total buyback of 223,021 ordinary shares from July 25 to 29, 2022, as part of its $2 billion share repurchase program. The average purchase price varied, with notable values like 9,925.45 on July 25 and 10,209.80 on July 29. Post-purchase, the company holds 21,078,577 shares in treasury, reducing the number of ordinary shares in circulation to 211,092,605. The company now has a treasury share percentage of 10.01% of voting rights. Further purchase details are available through official investor channels.