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.
On December 16, 2021, Ferguson announced the transactions relating to purchases of its ordinary shares by its managerial persons as per EU Market Abuse Regulation. Key transactions include:
- Group CFO William Brundage purchased 799.1242 shares at $166.31, totaling $1,517.52 on December 13.
- Senior VP Andrew Devine acquired 3,896 shares at £125.03, amounting to £12,003.24.
- Other executives also made significant purchases, reflecting confidence in the company's financial stability.
These share purchases demonstrate a strong commitment from Ferguson's leadership.
Ferguson plc announced the repurchase of 7,931 ordinary shares at a price of £125.800168 each on December 15, 2021, as part of its $1,000 million share buyback program initiated on September 28, 2021.
After this transaction, the total shares held in Treasury will be 11,392,685, with 220,778,497 ordinary shares remaining in circulation. This information will assist shareholders in determining their interests under Disclosure and Transparency Rules.
Ferguson plc announced the purchase of 40,000 ordinary shares at £124.15 each on December 14, 2021, as part of its $1 billion share buyback program initiated on September 28, 2021. After this transaction, Ferguson holds 11,384,754 shares in treasury, with 220,786,428 shares remaining in circulation. This action allows shareholders to determine their interests under the Disclosure and Transparency Rules. The company aims to enhance shareholder value through this repurchase strategy.
Ferguson plc announced the repurchase of 49,455 ordinary shares under its $1 billion share repurchase program. This transaction took place on December 6, 2021, at a price of £115.139394 per share, facilitated by Barclays Capital Securities Limited. Following this buyback, Ferguson holds 11,344,754 shares in treasury, with 220,826,428 ordinary shares remaining in circulation. This information is crucial for shareholders for compliance with disclosure obligations under UK regulations.
Ferguson plc reported strong first-quarter results for the period ending October 31, 2021, with net sales reaching $6,803 million, up 26.6% from the previous year. Adjusted operating profit increased by 64.2% to $767 million, driven by robust market demand and effective cost management.
Significantly, earnings per share rose 71.4% to $2.40, despite challenges from price inflation, which averaged in the low teens. The company also completed four acquisitions, contributing an annualized $125 million in revenue. The outlook remains positive, with revenue growth expected to continue.
Ferguson plc announces a share repurchase transaction on December 3, 2021. The Company repurchased 40,000 ordinary shares at a price of £116.15 each under its $1 billion share repurchase program initiated on September 28, 2021. Following this transaction, Ferguson holds a total of 11,295,299 shares in Treasury, while the total number of ordinary shares in circulation will be 220,875,883. This information is relevant for shareholders for calculating interests and obligations under the Disclosure and Transparency Rules.
Ferguson plc has announced the repurchase of 34,981 ordinary shares at £116.42 each on December 2, 2021, as part of its $1,000 million share repurchase program initiated on September 28, 2021. The company intends to hold these shares in Treasury, bringing the total shares held in Treasury to 11,255,299. Following this transaction, the remaining ordinary shares in issue will total 220,915,883. This figure serves as a reference for shareholders to determine if they need to notify their interest in the company as per the Disclosure and Transparency Rules.
Ferguson plc held its Annual General Meeting on December 2, 2021, where shareholders approved all resolutions with required majorities. Key resolutions included the approval of the Directors' Remuneration Report and a final dividend declaration, receiving 94.04% and 99.64% votes respectively. Notably, Kelly Baker and Brian May were elected with over 99% approval. The company also received authorization to purchase its own shares and to disapply pre-emption rights. The meeting witnessed a total of 169,885,670 shares voted, representing 76.89% of issued share capital.
Ferguson plc has repurchased 1,995 ordinary shares at £116.905014 each as part of its $1 billion share repurchase program initiated on September 28, 2021. The transaction occurred on December 1, 2021, through Barclays Capital Securities Limited. Following this buyback, Ferguson holds a total of 11,220,318 shares in Treasury, with 220,950,864 ordinary shares remaining in circulation. This repurchase is aimed at enhancing shareholder value and may affect the calculations for shareholder interests under the Disclosure and Transparency Rules.
Ferguson plc announced the repurchase of 38,267 ordinary shares at a price of £114.65 each on November 30, 2021. This transaction is part of its ongoing $1,000 million share repurchase program initiated on September 28, 2021. Following this buyback, Ferguson holds a total of 11,218,323 shares in Treasury, leaving 220,952,859 ordinary shares outstanding. The share repurchase program aims to enhance shareholder value.