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. (NYSE: FERG; LSE: FERG) generates a steady stream of news tied to its role as the largest value-added distributor serving the water and air specialized professional in the North American residential and non-residential construction market. News coverage for FERG frequently centers on its financial performance, capital allocation decisions and activities that support its specialized professional customer base.
Investors and market watchers can expect regular earnings and results announcements, including quarterly updates and transition-period reporting as the company moves its fiscal year end to December 31. These releases typically discuss net sales, margins, segment performance in the United States and Canada, and commentary on residential versus non-residential end markets.
Ferguson’s news flow also includes SEC filing notices, such as Form 10-Q and Form 8-K filings, which are highlighted in press releases that direct readers to full documents on the SEC’s website and the company’s own filings page. In addition, the company issues announcements regarding dividends, share repurchases and debt offerings, including public offerings of senior notes and related underwriting agreements.
Another important category of FERG news involves director and executive share transactions and equity awards under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. These updates, often labeled as Director/PDMR Shareholding notices, provide detail on restricted stock unit grants, vesting events and dividend reinvestment purchases.
Ferguson also publishes news about strategic initiatives and partnerships, such as investments made through Ferguson Ventures, its corporate venture capital arm. For example, a recent release describes a strategic funding round in Ply, an inventory and purchasing platform built for the trades, aimed at advancing automated inventory replenishment and real-time visibility for contractors and suppliers.
By following the FERG news page, readers can track how Ferguson communicates its financial results, governance developments, capital structure changes and collaborations that support the water and air specialized professional in North American construction.
Ferguson plc announced the purchase of 67,651 ordinary shares at a price of £100.71 each on April 28, 2022, as part of its $2 billion share repurchase program. This transaction brings the total shares held in Treasury to 16,001,878, with 216,169,304 ordinary shares remaining in issue. The repurchased shares will be held in Treasury and can affect shareholders' interest calculations under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 135,631 ordinary shares for Treasury at a price of £100.301575 each, totaling approximately £13.6 million. This transaction is part of its ongoing $2 billion share repurchase program. Following this purchase, Ferguson now holds 15,934,633 shares in Treasury, and the total number of ordinary shares in issue is reduced to 216,236,549. Shareholders may use this figure to assess their interest notifications under the Disclosure and Transparency Rules.
Ferguson plc has announced the repurchase of 120,000 ordinary shares at a price of £100.90 per share as part of its $2 billion share repurchase program. The transaction occurred on April 26, 2022, through Barclays Capital Securities Limited. After this repurchase, Ferguson holds a total of 15,799,002 shares in Treasury, and the total number of ordinary shares in issue is now 216,372,180. This figure will assist shareholders in determining any required notifications under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 82,177 ordinary shares at a price of £102.05 each on April 25, 2022, as part of its £2 billion share repurchase program. The company now holds a total of 15,679,002 shares in treasury. Following this transaction, the remaining ordinary shares in circulation will be 216,492,180. This number is essential for shareholders to determine their reporting obligations under the Disclosure and Transparency Rules. Full details regarding the repurchase are available in the attached announcement.
Ferguson plc has announced the repurchase of 32,851 ordinary shares at a price of £105.40 per share as part of its $2 billion share buyback program on April 22, 2022. The total shares held in treasury is now 15,596,825, while the remaining shares in issue stand at 216,574,357. This transaction will aid shareholders in calculating their interests under the Disclosure and Transparency Rules. Further details on individual purchases are outlined in the attached announcement.
Ferguson PLC successfully closed a $1.0 billion bond offering on April 20, 2022. This includes $300 million in 4.25% notes due in 2027 and $700 million in 4.65% notes due in 2032. The proceeds will be utilized for general corporate purposes, including debt repayment. CFO Bill Brundage highlighted the offering as a sign of investor confidence in Ferguson’s business model and cash generation capabilities. Ferguson operates as a leading North American distributor across various sectors, with a market valuation of $23 billion.
Ferguson PLC has declared an interim dividend of US$0.84 per share, set to be paid on May 6, 2022. Shareholders had until April 8, 2022 to elect to receive dividends in GBP instead of USD. The dividend amount converts to 64.46 pence per share based on an exchange rate of 1.3031 GBP/USD. Shareholders on the register as of March 25, 2022 at 8:00 PM ET will be eligible for this payment.
Ferguson plc announced the repurchase of 80,000 ordinary shares for Treasury on April 19, 2022, as part of its $2 billion share repurchase program.
The shares were purchased at a price of £102.206628 each, through Barclays Capital Securities Limited. Following this transaction, Ferguson holds a total of 15,564,280 shares in Treasury, with 216,606,902 ordinary shares remaining in circulation.
This repurchase is a strategic move to manage the company’s capital structure and enhance shareholder value.
Ferguson plc announced the repurchase of 90,000 ordinary shares as part of its $2 billion share repurchase program on April 14, 2022. Each share was purchased at a price of £99.70743, executed through Barclays Capital Securities Limited. The total number of shares held in Treasury now amounts to 15,484,280, while the remaining shares in issue are 216,686,902. This transaction will aid shareholders in calculating their interests under the Disclosure and Transparency Rules.
Ferguson plc has announced transactions involving Victoria Morrissey, its Chief Marketing Officer, regarding the vesting and disposal of ordinary shares. On April 12, 2022, Morrissey vested 1,345 shares at a price of £0.00, representing conditional shares granted in June 2021 under the Ferguson Group Performance Ordinary Share Plan 2019. Additionally, 600 shares were disposed of at £97.30 each, totaling £58,380. Another transaction involved the vesting of 572 shares, with a subsequent disposal of 255 shares at the same price per share. This notification complies with the EU Market Abuse Regulation.