Ferguson Enterprises Inc

Ferguson Plc engages in the supply of plumbing and heating products to professional contractors and consumers, repair, maintenance and improvement and new construction markets through its subsidiaries. The company was founded in 1887 and is headquartered in Wokingham, the United Kingdom.

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Ferguson PLC reports solid Q3 performance amidst deflation challenges

Ferguson PLC delivered a solid performance in Q3 with revenue growth, strong gross margin, and increased dividends and share repurchase.
While facing challenges from deflationary pressures and cost management, the company remains focused on growth opportunities through volume improvement and acquisitions.
The company's strategic capital allocation priorities and updated fiscal guidance reflect a balanced approach to navigating market challenges and seizing growth prospects.
Overall, Ferguson PLC's performance, strengths, and opportunities position it well for future growth and profitability amidst industry challenges.

FERG reports solid Q4 results, eyes growth through acquisitions

FERG's Q4 performance reflects resilience with sales growth and improved operating profit despite deflationary pressures.
The company's strategic focus on growth, acquisitions, and shareholder returns positions it for sustained success.
Challenges in managing margins and market dynamics underscore the need for agility and strategic decision-making.

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Ferguson Enterprises, Inc. engages in the supply of plumbing and heating products to professional contractors and consumers, repair, maintenance and improvement, and new construction markets through its subsidiaries. It operates through the United States and Canada geographical segments. The company was founded in 1953 and is headquartered in Newport News, VA.

The following amendment has been made to the 'Transaction in own shares' announcement released on March 29, 2022 at 7:00am. The original announcement included an incorrect link which is updated in this correction announcement.

CORRECTION - Ferguson PLC Announces Transaction in Own Shares

Ferguson PLC (FERG) CEO Kevin Murphy on Q2 2022 Results - Earnings Call Transcript

STRONG EXECUTION CONTINUES TO DRIVE PERFORMANCE WOKINGHAM, UK / ACCESSWIRE / March 15, 2022 / Ferguson PLC (LSE:FERG)(NYSE:FERG): Three months ended January 31, US$ (In millions, except per share amounts) 2022 2021 Change Reported(1) Adjusted(2) Reported(1) Adjusted(2) Reported Adjusted Net sales 6,508 6,508 4,937 4,937 +31.8% +31.8% Gross margin 30.6% 30.6% 30.4% 30.4% +20 bps +20 bps Operating profit 555 588 319 350 +74.0% +68.0% Operating margin 8.5% 9.0% 6.5% 7.1% +200 bps +190 bps Earnings per share - diluted 1.97 1.93 1.23 1.10 +60.2% +75.5% Adjusted EBITDA 648 391 +65.7% Net debt(2) : Adjusted EBITDA 0.8x 0.6 Second quarter highlights Strong sales growth as core strengths drove market share gains in supportive end markets. Price inflation increased to high teens driven largely by finished goods.

Ferguson PLC Announces Results for Q2 and H1 ended January 31, 2022

GENERAL MEETING: RESULT OF SHAREHOLDER VOTE ON US PRIMARY LISTING WOKINGHAM, ENGLAND / ACCESSWIRE / March 10, 2022 / The Company is pleased to announce that, at its General Meeting held earlier today, the special resolution was passed by 95.49% of the votes cast, and the full results of the poll are set out in the table below. Following the vote, Ferguson will transfer its listing category from a premium listing to a standard listing on the London Stock Exchange ("LSE") and its primary listing will be the New York Stock Exchange ("NYSE").

Ferguson PLC Announces Result of General Meeting

Ferguson's mid-term revenue growth target has been upgraded to an encouraging 7-12% per year.

Ferguson: Outlining The Path To Medium-Term Upside

WOKINGHAM, UK / ACCESSWIRE / February 8, 2022 / On January 13, 2022 Ferguson plc announced that it expected to hold a shareholder vote on or about March 10, 2022 to enable a primary US listing in line with the previously announced timeline. Today, the Company has published a Circular and Notice of General Meeting (the "Circular") outlining further details of the proposed relocation of the Company's primary listing to the US, which will be achieved by the transfer of its listing category from a premium listing to a standard listing on the London Stock Exchange.

Ferguson PLC Announces Publication of Circular and Notice of Meeting

Wolseley PLC (FERG) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Wolseley PLC (FERG) Could Find Support Soon, Here's Why You Should Buy the Stock Now

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WOKINGHAM, UK / ACCESSWIRE / January 13, 2022 / Ferguson plc is today hosting a Virtual Investor Day via www.fergusoninvestorday.com commencing at 0900hrs EST / 1400hrs GMT for analysts and investors. The event, hosted by Kevin Murphy, Group Chief Executive and Bill Brundage, Group Chief Financial Officer will provide a deeper understanding of Ferguson, a leading value-added distributor in North America, its core strengths and future growth opportunities including: i) Leading positions in large, growing and fragmented markets ii) Scale delivers sustainable market outperformance iii) Additional growth from bolt-on acquisitions iv) Long term track record of outperformance and cash generation In addition, Ferguson will set out its medium-term outlook.

Ferguson PLC Announces Investor Day and expected date for listing vote

FERG vs. GGG: Which Stock Is the Better Value Option?

Activism by Trian Partners is helping Ferguson attain a higher multiple. Shareholder vote early next year on primary listing is a key catalyst.

Ferguson: Maximizing Shareholder Returns

Ferguson PLC (FERG) CEO Kevin Murphy on Q1 2022 Results - Earnings Call Transcript

WOKINGHAM, UK / ACCESSWIRE / December 7, 2021 / Ferguson plc reports results for the first quarter. CORE STRENGTHS DRIVE STRONG PERFORMANCE US$ (In millions, except per share amounts) Q1 2022 Q1 2021 Change Reported1 Adjusted2 Reported1 Adjusted2 Reported Adjusted Net sales 6,803 6,803 5,372 5,372 +26.6% +26.6% Gross margin 31.3% 31.3% 29.6% 29.6% +1.7% +1.7% Operating profit 739 767 450 484 +64.2% +58.5% Operating margin 10.9% 11.3% 8.4% 9.0% +2.5% +2.3% Earnings per share - diluted 2.40 2.50 1.40 1.52 +71.4% +64.5% Adjusted EBITDA 814 524 +55.3% Net debt2 : Adjusted EBITDA 0.6x 0.5x First quarter highlights Supportive end markets and continued market share gains drove substantial sales growth.

Ferguson PLC Announces Results for the Three Months Ended October 31 2021

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People are spending more on goods than services, driving industrial output and helping stocks like Welbilt (WBT), Helios Technologies (HLIO), Ferguson (FERG) and Applied Industrial Technologies (AIT).

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SUNNYVALE, Calif., Nov. 18, 2021 /PRNewswire/ -- Trimble (NASDAQ: TRMB) and Ferguson Waterworks announced today a collaboration, which benefits utility customers throughout Ferguson's extensive network of over 1,600 locations.

Ferguson Waterworks Partners with Trimble to Offer Utilities Greater Access to Technology for Digitizing Water and Wastewater Assets

WOKINGHAM, UK / ACCESSWIRE / November 10, 2021 / Ferguson plc (NYSE:FERG)(LSE:FERG) Ferguson will now hold a Virtual Investor Day for analysts and investors on January 13, 2022. This date replaces December 9, 2021, as previously announced.

Ferguson PLC Announces Notice of Virtual Investor Day event

Publication Announcement: Annual Report and Accounts 2021 and Notice of Annual General Meeting 2021 WOKINGHAM, UK / ACCESSWIRE / October 29, 2021 / Ferguson PLC (LSE:FERG)(NYSE:FERG) Further to the release of the Company's full year results announcement on September 28, 2021, the Company announces that it has today published its Annual Report and Accounts 2021 ("Annual Report 2021"). The Company also announces that it is today posting to shareholders the Notice of Annual General Meeting to be held on Thursday, December 2, 2021 (the "Notice").

Ferguson PLC Announces Annual Financial Report

Ferguson PLC is in a prime position to benefit from rising material prices, says Barclays. The US-focused builders' merchant produced bumper numbers yesterday with annual sales up 14%, profits up 46% and a new US$1bn share buyback announced.

Ferguson positioned to be inflation winner according to Barclays

WOKINGHAM, UK / ACCESSWIRE / September 29, 2021 / Ferguson plc (the "Company") filed its Annual Report on Form 20-F for the year ended July 31, 2021 with the US Securities and Exchange Commission (the "SEC") on September 28, 2021. It is available in the "Investors & Media" section of our website at www.fergusonplc.com and also on the SEC's website at www.sec.gov.

Ferguson PLC Announces 2021 Annual Report on Form 20-F

Ferguson PLC (FERG) CEO Kevin Murphy on Q2 2021 Results - Earnings Call Transcript

Ferguson PLC (NYSE: FERG) reported an FY21 revenue increase of 14.3% year-over-year to $22.79 billion. Revenue growth by customer group: Residential Trade +14% Y/Y, Residential Building and Remodel +14%, Residential Digital Commerce +38%, HVAC +22%, Waterworks +17%, and Commercial / Mechanical +6%.

Ferguson Clocks 14.3% Revenue Growth In FY21; Plans $1B Stock Buyback

WOKINGHAM, UK / ACCESSWIRE / September 28, 2021 / Ferguson plc (LSE:FERG)(NYSE:FERG) Results for the year ended July 31, 2021 STRONG PROFIT GROWTH DEMONSTRATES THE AGILITY OF OUR BUSINESS MODEL US$ millions   2021     20201     Change   Statutory financial results                   Revenue   22,792     19,940     +14.3 % Profit before tax   1,891     1,292     +46.4 % Total basic earnings per share   674.7c     427.5c     +57.8 % Total ordinary dividend per share   239.4c     208.2c     +15.0 % Alternative performance measures2                   Gross margin   30.6%     30.0%     +0.6 % Trading profit   2,176     1,660     +31.1 % Less impact of IFRS 16   (77)     (68)         Underlying trading profit   2,099     1,592     +31.8 % Headline earnings per share   688.1c     508.0c     +35.5 % Adjusted EBITDA3   2,266     1,760     +28.8 % Net debt : adjusted EBITDA4   0.6x     0.6x                             Highlights Revenue 14.3% ahead of last year with accelerated market share gains. Gross margins of 30.6% were 60bps ahead of last year driven primarily by our ability to service our customers while managing price inflation.

Ferguson PLC Announces Results for the Year Ended July 31, 2021

FERG vs. GGG: Which Stock Should Value Investors Buy Now?

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Ferguson is expected to post high-teens organic revenue growth for the fiscal fourth quarter, but many of its peers/comps have exceeded revenue expectations by 10% or more. U.S. residential remodeling activity remains strong, though possibly with a transition from DIY projects to contractor-led projects; aging U.S. homes and strong property values should incentivize ongoing spending.

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