Ferguson Enterprises Stock Price, News & Analysis

Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity from September 9-13, 2024, as part of its $4.0 billion share repurchase program. The company bought back a total of 167,825 shares during this period. Daily purchase volumes ranged from 33,800 to 38,000 shares, with weighted average prices between $186.94 and $192.39. Following these purchases, Ferguson holds 562,031 shares in treasury, with 200,781,222 shares remaining in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

Ferguson, a leading distributor of plumbing and HVAC products, reported its Q4 and full-year results for fiscal 2024, along with guidance for FY2025. Q4 highlights include sales of $7.9 billion (up 1.4%) and an operating margin of 10.2%. Full-year results showed sales of $29.6 billion (down 0.3%), with a gross margin of 30.5% and operating margin of 8.9%. The company generated $1.9 billion in net cash from operations and invested $260 million in ten acquisitions.

For FY2025, Ferguson projects low single-digit net sales growth and an adjusted operating margin of 9.0% - 9.5%. The company expects challenging near-term market conditions but remains confident in its ability to outperform as markets return to growth, citing structural tailwinds such as underbuilt and aging U.S. housing and non-residential large capital projects.

Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity as part of its $4.0 billion share repurchase program. From September 3 to September 6, 2024, the company purchased a total of 104,213 shares of its common stock across various trading venues. The daily weighted average purchase prices ranged from $191.7301 to $202.9114 per share. Following these purchases, Ferguson holds 394,206 shares in treasury, with 200,949,047 remaining shares of common stock in issue. This figure may be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity from August 26 to August 30, 2024, as part of its $4.0 billion share repurchase program. The company bought back a total of 60,300 shares across various trading venues. Daily purchase volumes ranged from 8,200 to 14,800 shares, with weighted average prices between $204.07 and $217.15 per share. Following these purchases, Ferguson holds 290,102 shares in treasury, with 201,053,151 remaining shares in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

ServiceTitan, a software platform for the trades, has launched a strategic collaboration with Ferguson, a leading distributor of commercial and residential supplies. This partnership aims to empower contractors by providing access to ServiceTitan's comprehensive platform, which includes tools for scheduling, dispatching, invoicing, and more.

The collaboration addresses procurement challenges by integrating Ferguson's product catalog with real-time pricing and availability. Key benefits include:

• Real-time pricebook updates
• In-app procurement
• Simplified reconciliation
• Increased profitability
• Enhanced end-customer satisfaction

This partnership is designed to help contractors win more business, increase profitability, and maximize customer lifetime value in today's competitive market.

Ferguson (NYSE: FERG; LSE: FERG) has announced that it will release its fourth quarter and year-end results on Tuesday, September 17, 2024. The results will be available on Ferguson's website at 6:45 a.m. ET/11:45 a.m. BST. A conference call and webcast for analysts and investors will be held at 8:30 a.m. ET/1:30 p.m. BST on the same day.

Interested parties can register for the webcast on Ferguson's corporate website. A slide presentation accompanying the event will be accessible 15 minutes before the start time. An archived version of both the webcast and slide presentation will remain available for 12 months following the live event.

Ferguson Enterprises (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity as part of its $4.0 billion share repurchase program. From August 19 to August 23, 2024, the company purchased a total of 58,527 shares of its common stock. The daily weighted average purchase prices ranged from $205.9191 to $213.5100 per share across various trading venues. Following these purchases, Ferguson now holds 230,146 shares in treasury, with 201,113,107 shares remaining in issue. This figure may be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has announced the repurchase of 67,900 shares of its common stock from August 12-16, 2024, as part of its $4.0 billion share repurchase program. The company provided a detailed breakdown of daily purchases across various trading venues, with prices ranging from $196.15 to $210.54 per share. Following these purchases, Ferguson holds 171,619 shares in treasury, with 201,171,634 remaining shares in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.

Ferguson Enterprises Inc. (NYSE: FERG, LSE: FERG) has reported its weekly share repurchase activity from August 5 to August 9, 2024. The company bought back 82,300 shares as part of its $4.0 billion share repurchase program. Daily purchases ranged from 17,200 to 18,000 shares, with weighted average prices between $197.42 and $200.26 per share. After these transactions, Ferguson holds 103,719 shares in treasury, with 201,239,534 shares remaining in issue. This figure can be used by shareholders for calculating notification obligations under the Disclosure Guidance and Transparency Rules.