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 repurchase of 80,000 ordinary shares at £103.846891 each as part of its $2 billion share repurchase program on March 28, 2022. Following this transaction, the Company holds 14,450,299 shares in Treasury, with a total of 217,720,883 shares remaining in circulation. This figure will assist shareholders in determining their notification obligations under the Disclosure and Transparency Rules. Detailed information regarding the individual purchases is included in the announcement.
Ferguson plc has launched a new share repurchase program, continuing its previous $1 billion initiative, now totaling $2 billion. Starting March 28, 2022, the Company will buy back up to £90 million of its shares, facilitated by Barclays Capital Securities Limited. This repurchase aims to reduce capital and potentially satisfy employee share awards. Shareholders approved the purchase of a maximum of 22,186,462 shares at the December 2, 2021 Annual General Meeting, with further authorizations expected in late 2022.
Ferguson plc has announced the repurchase of 57,176 ordinary shares of 10 pence each as part of its $1 billion share repurchase program initiated on September 28, 2021. The shares were bought on March 24, 2022, at a price of £108.60 per share, through J.P. Morgan Securities plc. Post-transaction, the company holds a total of 14,370,299 shares in treasury, with 217,800,883 ordinary shares remaining in circulation. This repurchase aligns with Ferguson's strategy to enhance shareholder value.
Ferguson plc announced the repurchase of 17,959 ordinary shares at a price of £109.556940 each on March 18, 2022, as part of its $1,000 million share buyback program initiated on September 28, 2021. The shares acquired will be held in Treasury, increasing the total in Treasury to 14,313,123 shares. Post-repurchase, the total ordinary shares in issue will amount to 217,858,059, which shareholders can use to determine reporting obligations under the Disclosure and Transparency Rules.
Ferguson plc announced a notification regarding transactions by its Non-Executive Director, Catherine Halligan, on March 17, 2022. The notification complies with the EU Market Abuse Regulation as part of UK law. Halligan purchased 300 ordinary shares at a price of $142.2272 each, totaling $42,668.16. The transaction occurred on the New York Stock Exchange. This initial notification aims to ensure transparency concerning the trading activities of the company's management.
Ferguson plc (LSE:FERG)(NYSE:FERG) announced a share repurchase of 104,489 ordinary shares at a price of £108.39 each on March 17, 2022, under its $1,000 million buyback program initiated on September 28, 2021. After this transaction, Ferguson holds a total of 14,295,164 shares in Treasury, with 217,876,018 ordinary shares remaining in issue. This repurchase may impact shareholders' calculations under the Disclosure and Transparency Rules, as detailed in the announcement.
Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 23,419 ordinary shares at a price of £109.975740 each on March 16, 2022. This action is part of the company's $1 billion share repurchase program initiated on September 28, 2021. Following this transaction, Ferguson plc will hold a total of 14,190,675 shares in Treasury, with the total number of ordinary shares in issue now being 217,980,507. This repurchase may influence shareholder interests and transparency disclosures.
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.