FERG Stock Recent News

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

WOKINGHAM, UK / ACCESSWIRE / October 18, 2021 / Ferguson plc (the "Company") announces that on October 15, 2021 it purchased for Treasury the following number of its ordinary shares of 10 pence each pursuant to its $1,000 million share repurchase program, details of which were announced on September 28, 2021. Description of shares: Ferguson plc - ordinary shares of 10 pence Number of shares repurchased: 40,000 Date of transaction: October 15, 2021 Price paid per share: £105.164879 Broker: Barclays Capital Securities Limited The Company intends to hold these Shares in Treasury.

NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("PDMRs") WOKINGHAM, UK / ACCESSWIRE / October 13, 2021 / The attached notification, which has been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provides further detail. 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Kelly Baker 2 Reason for the notification a) Position/status Non Executive Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson plc b) LEI 213800DU1LGY3R2S2X42 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrumen

WLK, MOV, OVV, PBR, and FERG have been added to the Zacks Rank #1 (Strong Buy) List on October 12, 2021.

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

WOKINGHAM, UK / ACCESSWIRE / September 30, 2021 / Further to the announcement of Ferguson's intention to buy back up to US$1,000 million of its shares over the next 12 months, the Company announces that it has instructed its broker Barclays Capital Securities Limited ("Barclays") to execute the first part of the program by way of a non-discretionary and irrevocable arrangement to buy back up to £290 million of its shares commencing from September 30, 2021 and ending no later than January 13, 2022. Under this arrangement, Barclays, an independent third party, will act as principal and will make decisions under the program independently from the Company.

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

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                   ?

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.