Ferguson Enterprises Stock Price, News & Analysis

Ferguson PLC reported impressive Q2 and H1 results for the period ending January 31, 2022. Net sales reached $6,508 million, marking a 31.8% increase compared to the previous year. Operating profit surged 74% to $555 million with a gross margin of 30.6%. Adjusted earnings per share rose 60.2% to $1.97. In the first half, net sales climbed 29.1% to $13,311 million. The company executed six acquisitions, boosting annualized revenues by $235 million. A 15% increase in interim dividends and an expansion of share buyback programs reflect strong financial health.

Ferguson plc announced the repurchase of 129,666 ordinary shares at a price of £106.95 each on March 10, 2022, as part of its ongoing $1,000 million share buyback program commenced on September 28, 2021. The company now holds a total of 14,167,256 shares in treasury. Following this transaction, the total number of ordinary shares in issue is reduced to 218,003,926. This share repurchase is expected to benefit shareholders by potentially increasing earnings per share.

Ferguson announces that at its General Meeting on March 10, 2022, shareholders passed a resolution by 95.49% to transition its London Stock Exchange listing from a premium to a standard listing, effective May 12, 2022. This move aligns with Ferguson's strategy to establish its primary listing on the New York Stock Exchange, which began trading on March 8, 2021. Ferguson reported $23 billion in revenue for fiscal year 2021 and aims to capitalize on a $300 billion market opportunity in the North American distribution sector.

Ferguson plc (LSE:FERG)(NYSE:FERG) announced on March 8, 2022, the repurchase of 272,178 ordinary shares at a price of £105.15 each as part of its $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, the company holds a total of 14,037,590 shares in Treasury. The remaining number of ordinary shares in circulation will be 218,133,592. This figure will assist shareholders in notifying any changes in their interests in the company according to the Disclosure and Transparency Rules.

Ferguson plc announced the repurchase of 165,991 ordinary shares at a price of £110.45 on March 4, 2022, under its $1,000 million share repurchase program initiated on September 28, 2021. Following this transaction, the total shares held in Treasury will be 13,765,412, leaving 218,405,770 shares outstanding. This buyback aims to optimize shareholder value by reducing the number of shares in circulation. The company will use this repurchased stock for Treasury purposes, and shareholders should consider this when calculating voting rights and notifications under the Disclosure and Transparency Rules.

Ferguson plc has announced a share repurchase transaction on March 3, 2022, acquiring 72,521 ordinary shares at a price of £112.95 each as part of its $1 billion share repurchase program initiated on September 28, 2021. As of this transaction, the company holds a total of 13,599,421 shares in treasury, with the total number of ordinary shares remaining in circulation at 218,571,761. This repurchase is in line with regulatory requirements for shareholder interest notifications.

Ferguson plc (LSE:FERG, NYSE:FERG) announced the repurchase of 29,232 ordinary shares at a price of £113.55 each on March 2, 2022, as part of its ongoing $1,000 million share repurchase program initiated on September 28, 2021. The company plans to hold these shares in treasury. With this transaction, Ferguson now holds 13,526,900 shares in treasury, leaving 218,644,282 ordinary shares outstanding. This number will be essential for shareholders to determine their obligations under the Disclosure and Transparency Rules.

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 7,411 ordinary shares at a price of £113.54 each on March 1, 2022, as part of its $1 billion share repurchase program initiated on September 28, 2021. The company now holds 13,497,668 shares in Treasury, leaving 218,673,514 shares in circulation. This repurchase aligns with Ferguson's strategy to enhance shareholder value. Detailed purchase information is available as per regulatory requirements.

Ferguson plc will release its second quarter and half year results for the periods ending January 31, 2022, on March 15, 2022. The results will be accessible on the Company's website at 0700hrs GMT/0300hrs ET following the announcement to the London Stock Exchange. An analyst and investor presentation will be webcast at 1100hrs GMT/0700hrs ET on the same day, with registration available on the website. Ferguson, valued at $23B, is a major distributor in North America, offering solutions across various sectors including plumbing and HVAC.