Ferguson Enterprises Stock Price, News & Analysis

Ferguson plc reported the repurchase of 40,000 ordinary shares at a price of £95.84 each on May 28, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. This brings the total shares held in treasury to 8,734,347. The remaining shares in circulation will be 223,436,835, which shareholders can use for calculations related to interest notifications under the Disclosure and Transparency Rules. For additional details on the transaction, refer to the attached information.

Ferguson PLC provided an update on its share capital as of May 31, 2021. The company has a total of 232,171,182 ordinary shares with a nominal value of 10 pence each. Out of these, 8,734,347 shares are held in treasury, leading to a total of 223,436,835 voting rights. This figure is essential for shareholders to determine their notification obligations under FCA regulations. The announcement highlights compliance with the Disclosure Guidance and Transparency Rules.

Ferguson plc has announced the repurchase of 46,926 ordinary shares for Treasury on May 27, 2021, at a price of £96.24 each, totaling £4.5 million as part of its $400 million share repurchase program initiated on March 16, 2021. The company now holds 8,860,978 shares in Treasury, with 223,310,204 shares remaining in issue. This repurchase may impact shareholders' calculations in relation to their interests under the Disclosure and Transparency Rules.

Ferguson plc announced the repurchase of 43,255 ordinary shares at a price of £96.24 per share on May 26, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. Following this transaction, Ferguson will hold a total of 8,816,835 shares in treasury, reducing the total number of ordinary shares in issue to 223,354,347. This figure will serve as the denominator for shareholders' notifications under the Disclosure and Transparency Rules.

Ferguson plc has announced a repurchase of 60,000 ordinary shares at a price of £97.22 each on May 25, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The company currently holds 8,773,580 shares in Treasury, with a total of 223,397,602 ordinary shares remaining in circulation. This repurchase will impact the calculation of shareholder interests under the Disclosure and Transparency Rules.

Ferguson plc (LSE:FERG)(NYSE:FERG) has announced the immediate appointment of Kelly Baker to both the Nominations Committee and Remuneration Committee, in compliance with Listing Rule 9.6.11R. This change aims to enhance governance structures within the company. The announcement was made on May 20, 2021, signaling ongoing efforts to strengthen leadership and decision-making processes. For further inquiries, contact Graham Middlemiss, Group Company Secretary, at (0118 927 3800).

Ferguson plc reported robust Q3 2021 results, revealing a 24.5% increase in revenue to $5.916 billion, and a 65.4% rise in trading profit to $579 million. This growth was driven by a 20.1% organic growth in the USA amid easing comparative pressures. Gross margins improved to 30.9% due to effective pricing strategies. With 0.4x net debt to adjusted EBITDA, the company is financially sound, having completed $140 million of its $400 million buyback program. Ferguson revised its FY2021 trading profit outlook upwards to between $2,000 million and $2,100 million.

Ferguson plc (LSE:FERG)(NYSE:FERG) announced on May 18, 2021, the repurchase of 30,000 ordinary shares at a price of £92.620856 per share as part of its $400 million share repurchase program initiated on March 16, 2021. After this transaction, the company holds a total of 8,716,827 shares in treasury, with a remaining 223,434,355 ordinary shares in circulation. This buyback is aimed at enhancing shareholder value. Detailed purchase information is available in compliance with Market Abuse Regulation.

Ferguson plc (LSE:FERG)(NYSE:FERG) announced the repurchase of 41,025 ordinary shares at a price of £91.96 each on May 17, 2021, as part of its $400 million share repurchase program initiated on March 16, 2021. The total number of shares held in Treasury now stands at 8,686,827, with 223,484,355 ordinary shares remaining in issue. This transaction provides shareholders with the denominator required under the Disclosure and Transparency Rules for determining interest notifications.