Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc has initiated a share buyback program aiming to repurchase up to US$1,000 million of its shares over the next 12 months. The first phase involves purchasing up to £290 million of shares, starting from September 30, 2021, until January 13, 2022, through an independent broker, Barclays Capital Securities Limited. This program, authorized by shareholders, aims to reduce the company’s capital and potentially satisfy employee share options. The program adheres to regulations and company policies, ensuring compliance throughout.

WOKINGHAM, UK / ACCESSWIRE / September 29, 2021 / Ferguson plc has filed its Annual Report on Form 20-F for the fiscal year ended July 31, 2021, with the US SEC on September 28, 2021. The report indicates a revenue of $22.8 billion and a trading profit of $2.2 billion. The report is available on Ferguson's website and the SEC's website, with hard copies of audited financial statements available upon request. Ferguson plc is a prominent distributor of plumbing and heating products in North America and is listed on both the London and New York Stock Exchanges under the ticker FERG.

Ferguson plc (LSE:FERG)(NYSE:FERG) announced its financial results for the year ending July 31, 2021, showcasing a robust 14.3% revenue growth to US$22.8 billion. Profit before tax surged 46.4% to US$1.89 billion, while earnings per share increased by 57.8% to 674.7c. The dividend rose 15% to 239.4c, with strong cash generation and a low debt-to-EBITDA ratio of 0.6x. Ferguson made significant investments in acquisitions, totaling US$335 million, and announced a new US$1 billion share buyback program.

Ferguson plc will release its full year results for the period ending July 31, 2021, on September 28, 2021, available on its website from 0700hrs UK time. A live video webcast for analysts and investors will take place on the same day at 1200hrs UK time (0700hrs ET), with registration accessible via the company's website. Ferguson is a major distributor of plumbing and heating products in North America, reporting a revenue of $19.9 billion and a trading profit of $1.6 billion for the previous year.

Ferguson PLC (LSE:FERG)(NYSE:FERG) has announced its total voting rights and capital structure as of August 31, 2021. The company issued 232,171,182 ordinary shares of 10 pence each, with 9,861,263 shares held in treasury. Consequently, the total voting rights available to shareholders stand at 222,309,919. This figure is crucial for shareholders to determine their notification requirements regarding any changes in their interests as mandated by the FCA's Disclosure Guidance and Transparency Rules.

Ferguson plc announces the appointment of Nadia Shouraboura as an independent non-executive director of Ocado Group plc, effective September 1, 2021. This decision is in accordance with Listing Rule 9.6.14R. Ferguson is a prominent distributor of plumbing and heating products for professional contractors in North America, reporting a revenue of $19.9 billion and a trading profit of $1.6 billion for the year ending July 31, 2020. The company trades on the London and New York Stock Exchanges under the ticker FERG.

Ferguson PLC announced its total voting rights and capital as of July 31, 2021. The company has issued 232,171,182 ordinary shares with a nominal value of 10 pence each. Out of these, 9,862,816 shares are held in treasury, resulting in total voting rights of 222,308,366. This information is crucial for shareholders for determining their notification obligations under FCA regulations. The announcement was made in compliance with DTR 5.6.1 regulations.

Ferguson plc (LSE:FERG)(NYSE:FERG) has announced the purchase of 30,861 ordinary shares at £101.061695 each on July 28, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The shares will be held in Treasury, increasing the total Treasury shares to 9,865,292. Post-transaction, the total number of ordinary shares in issue is 222,305,890. This information is critical for shareholder notifications under the Disclosure and Transparency Rules.

Ferguson plc announced on July 27, 2021, the repurchase of 19,806 ordinary shares at a price of £101.65 each as part of its $400 million share repurchase program initiated on March 16, 2021. With this transaction, the company intends to hold these shares in Treasury, raising the total number of shares held in Treasury to 9,834,431. Following this buyback, the number of ordinary shares in circulation will be 222,336,751, which shareholders can use to assess their interest notifications under Disclosure and Transparency Rules.