Ferguson plc's Stock Analysis

Ferguson plc Completes $750 Million Senior Notes Offering

Ferguson Enterprises Inc. has successfully completed a public offering of $750 million in 4.350% Senior Notes due in 2031. The obligations under these Notes are fully guaranteed by Ferguson UK Holdings Limited, an indirect subsidiary of the Company. The offering was conducted under an effective shelf registration statement and includes covenants that restrict the Company’s ability to incur additional secured debt and impose conditions for mergers or consolidations.

The Notes were sold under an underwriting agreement involving several financial institutions, including J.P. Morgan Securities LLC and Barclays Capital Inc. The terms of the underwriting agreement and the associated documents, including the Indenture, are available for reference. Investors are advised that the representations made in the underwriting agreement are not intended for their benefit and may not reflect the current state of the Company.

Sep 22, 2025 16:16:32

Ferguson Reports Q4 and Full Year Financial Results

Ferguson plc reported fourth quarter sales of $8.5 billion, marking a 6.9% increase from the previous year, with a gross margin of 31.7%. The operating margin improved to 10.9%, and diluted earnings per share rose by 59% to $3.55. The company declared a quarterly dividend of $0.83 per share and completed four acquisitions during the quarter. For the full fiscal year, sales reached $30.8 billion, a 3.8% increase, with a gross margin of 30.7% and diluted earnings per share of $9.32, up 9.3% from the prior year.

Ferguson also announced a change in its fiscal year-end from July 31 to December 31, effective January 1, 2026, to better align with its operational priorities. This transition will include a five-month reporting period from August 1, 2025, to December 31, 2025. The company expects mid-single digit revenue growth for the 2025 calendar year, with an adjusted operating margin anticipated between 9.2% and 9.6%. Ferguson has maintained a strong balance sheet with a net debt to adjusted EBITDA ratio of 1.1x and plans to continue its share repurchase program.

Sep 16, 2025 06:50:14

Ferguson Reports Q3 Sales Growth and Increased Dividend

Ferguson Enterprises Inc. reported third-quarter sales of $7.6 billion, reflecting a 4.3% increase compared to the previous year, driven by organic revenue growth and acquisitions. The gross margin improved to 31.0%, a 50 basis point increase from last year, while the operating margin was reported at 8.0%. The company declared a quarterly dividend of $0.83, marking a 5% increase over the prior year. Additionally, Ferguson completed three acquisitions during the quarter and executed share repurchases totaling $251 million.

The company’s financial position remains strong, with a net debt to adjusted EBITDA ratio of 1.2x. Adjusted diluted earnings per share rose to $2.50, a 7.8% increase year-over-year. However, reported diluted earnings per share decreased by 5.0% to $2.07 due to non-recurring charges related to business restructuring. Ferguson's updated guidance for the full year indicates low to mid-single digit revenue growth and an adjusted operating margin range of 8.5% to 9.0%.

Jun 03, 2025 06:50:17

Ferguson Enterprises Secures $1.5 Billion Revolving Credit Facility

Ferguson Enterprises Inc. has entered into a revolving credit agreement providing a total committed amount of $1.5 billion, which is unsecured and set to mature on April 2, 2030. The company can request an increase of up to $500 million under certain conditions, and borrowings will incur interest based on the company's debt rating. The agreement includes various covenants and requires the company to maintain a maximum net leverage ratio of 3.50 to 1.00, with a temporary increase allowed after specific acquisitions.

In conjunction with this new agreement, Ferguson terminated its previous $1.35 billion Multicurrency Revolving Facility Agreement, with no outstanding borrowings at the time of termination. The new credit facility replaces the existing one and includes customary representations, warranties, and covenants typical for such agreements.

Apr 03, 2025 16:15:54

Ferguson Reports 3% Sales Growth and Margin Decline in Q2

Ferguson Enterprises reported second quarter sales of $6.9 billion, reflecting a 3.0% increase from the previous year, driven by a 5% growth in sales volume. The company declared a quarterly dividend of $0.83, marking a 5% increase over the prior year, and completed one acquisition during the quarter, with plans for another. Share repurchases totaled $252 million, supported by a strong balance sheet with net debt to adjusted EBITDA at 1.2x.

However, the gross margin decreased to 29.7%, down 70 basis points from the prior year, and operating profit fell to $410 million, a decline of 14.0%. Adjusted diluted earnings per share also dropped by 12.7% to $1.38. The company cited persistent commodity price deflation and subdued market demand as factors contributing to the decline in operating margins, and it adjusted its full-year operating margin guidance downward to a range of 8.3% to 8.8%.

Mar 11, 2025 06:50:17

Ferguson Reports $7.8 Billion in First Quarter Sales

Ferguson reported first quarter sales of $7.8 billion, marking a 0.8% increase from the previous year, attributed to a 3% growth in sales volume, despite a 2% deflation in pricing. The company maintained a gross margin of 30.1% and declared a quarterly dividend of $0.83, reflecting a 5% increase over the prior year. Additionally, Ferguson completed one acquisition during the quarter and repurchased shares worth $256 million, maintaining a strong balance sheet with a net debt to adjusted EBITDA ratio of 1.2x.

On the downside, the operating profit decreased by 10% to $665 million, leading to a reported diluted earnings per share of $2.34, down 7.9% from the previous year. The operating margin also saw a decline, dropping to 8.6%, with adjusted operating profit falling 8.7% to $706 million. The U.S. business experienced a slight sales increase of 0.5%, but organic revenue declined by 0.4%, indicating challenges in the residential market, which remained flat year-over-year.

Dec 10, 2024 06:51:12

Company Reports Filing Compliance Under Securities Exchange Act

The company has submitted the required documentation in accordance with the Securities Exchange Act of 1934. This filing indicates adherence to regulatory standards and confirms the authority of the undersigned to sign on behalf of the company.

There are no financial metrics or performance details provided in this press release, and it lacks any specific information regarding the company's financial status or future outlook.

Oct 31, 2024 16:15:58

Ferguson Reports Strong Results Despite Market Challenges

Ferguson reported a 1.4% increase in fourth-quarter sales to $7.9 billion, showing resilience despite a 2% price deflation. The company achieved a solid operating margin of 10.2%, and declared a quarterly dividend of $0.79 per share, reflecting a 5% growth in total dividends for the year. Notably, Ferguson completed four acquisitions in the quarter and repurchased shares worth $213 million, indicating strong cash flow and commitment to shareholder returns.

For the full year, sales declined slightly by 0.3% to $29.6 billion, but the company maintained market share and generated a gross margin of 30.5%. While diluted earnings per share dropped by 6.5% due to one-time tax charges, adjusted earnings per share showed a smaller decline of 1.5%. The company remains optimistic about fiscal 2025, anticipating modest growth and continued investment in acquisitions and core capabilities, despite acknowledging ongoing market challenges.

Sep 17, 2024 06:50:23

Ferguson's Q3 Results Show Volume Growth and Increased Earnings

Ferguson's Q3 saw a 2.4% sales growth driven by volume improvement despite a 2% deflation. Operating margin was 8.6%, with a 33.7% increase in diluted earnings per share. The company declared a 5% higher dividend and completed multiple acquisitions. Share repurchases totaled $171 million, with an additional $1.0 billion allocated. The balance sheet remains strong with a net debt to adjusted EBITDA of 1.0x. FY2024 guidance includes flat net sales, increased adjusted operating margin, and reduced interest expenses.

Jun 04, 2024 06:50:15

Ferguson Enterprises Inc. Announces New Directors and Meeting Details

Ferguson Enterprises Inc. appoints Rekha Agrawal and Richard Beckwitt to its board. Agrawal brings operational experience from Johnson Controls International and Tyco Fire Protection, while Beckwitt has a background in leading homebuilding companies. The company sets its first annual meeting for December 5, 2024. Shareholders have deadlines for proposal submissions. The merger with Ferguson plc is expected to finalize on August 1, 2024, with the company's common stock to trade under 'FERG' symbol on NYSE and LSE.

Jun 03, 2024 17:09:30