Ferguson is a plumbing and heating product supplier operating in the repair, maintenance, and home improvement markets. FERG is investing in automated distribution centers and using robots to fulfill customer orders, reducing manual handling and energy consumption. While the residential housing market is currently slowing, government initiatives and aging infrastructure present long-term growth...
Ferguson is a high-quality business, owing to its sticky margins, high market share, and market-leading business model. We believe the company is facing near-term material headwinds, as Residential and Commercial market weakness will lead to reduced demand. The robust nature of the industry and M&A will act to offset the impact of this. Nevertheless, we expect FY24 will be difficult.
Ferguson is a North American market leader in plumbing and HVAC product distribution. Ferguson's management has been very effective at deploying capital in order to drive shareholder value. The firm's recent listing change from LSE to NYSE and possible inclusion in the Russell 1000 and S&P 500 indexes could increase investor interest and demand.
Ferguson plc (NYSE:FERG ) Q3 2023 Earnings Call Transcript June 6, 2023 8:30 AM ET Company Participants Brian Lantz - VP of IR and Communications Kevin Murphy - CEO Bill Brundage - CFO Conference Call Participants Matthew Bouley - Barclays Philip Ng - Jefferies Brian Biros - Thompson Research Group Patrick Baumann - JP Morgan John Lovallo - UBS McClaran Hayes - Zelman & Associates Keith Hughes ...
BLOCK LISTING SIX MONTHLY RETURN WOKINGHAM, UK / ACCESSWIRE / May 2, 2023 / Name of applicant: Ferguson plc Name of scheme: Ferguson Group International Sharesave Plan 2011 Period of return: From: November 1, 2022 To: April 30, 2023 Balance of unallotted securities under scheme(s) from previous return: 181,430 ordinary 10p shares Plus: The amount by which the block scheme(s) has been increased ...
Ferguson Share Repurchase Program - Weekly Report WOKINGHAM, UK / ACCESSWIRE / May 2, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 104,871 of its ordinary shares in the period from April 24, 2023 up to and including April 28, 2023 in connection with its $2.5 billion share repurchase program. Aggregated information about the purchases car...
Ferguson Share Repurchase Program - Weekly Report WOKINGHAM, UK / ACCESSWIRE / April 25, 2023 / Ferguson plc (NYSE:FERG)(LSE:FERG) (the "Company") announces today that it purchased a total of 61,560 of its ordinary shares in the period from April 17, 2023 up to and including April 21, 2023 in connection with its $2.5 billion share repurchase program. Aggregated information about the purchases c...
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