Investors are always looking for stocks that are poised to beat at earnings season and Ferguson plc (FERG) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Ferguson is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicat ...

WOKINGHAM, England--(BUSINESS WIRE)--On March 1, 2024, Ferguson plc (the "Company") filed a Form 8-K with the U.S. Securities and Exchange Commission ("SEC"). It is available on the SEC's website at sec.gov and on the SEC Filings page of the Company's website corporate.ferguson.com/investor/financial-information/sec-filings. March 1, 2024 – Form 8-K About Ferguson Ferguson plc (NYSE: FERG; LSE: FERG) is a leading value-added distributor in North America providing expertise, solutions and products from in ...

WOKINGHAM, England--(BUSINESS WIRE)--Ferguson plc (NYSE: FERG; LSE: FERG) announces today that it will issue its second quarter results on Tuesday, March 5, 2024. The results will be available on Ferguson’s website at corporate.ferguson.com at 6:45 a.m. ET/11:45 a.m. GMT. A conference call and webcast of the analyst and investor presentation will be broadcast at 8:30 a.m. ET/1:30 p.m. GMT on the same day. Participants can register for the webcast at corporate.ferguson.com. A slide presentation that accomp ...

WOKINGHAM, England--(BUSINESS WIRE)--NOTIFICATION OF TOTAL VOTING RIGHTS AND CAPITAL IN THE COMPANY In accordance with DTR 5.6.1, the Company hereby notifies the following: The Company’s issued share capital as at January 31, 2024 consisted of 232,171,182 ordinary shares of 10 pence each (“Ordinary Shares”), of which 29,168,420 Ordinary Shares were held in treasury as at the date of this disclosure. The voting rights of treasury shares are automatically suspended. Therefore, the total voting rights in th ...

WOKINGHAM, England--(BUSINESS WIRE)--Ferguson plc (NYSE: FERG, LSE: FERG) (the “Company”) announces today that it purchased a total of 76,036 of its ordinary shares in the period from January 22, 2024, up to and including January 26, 2024, in connection with its $3.0 billion share repurchase program. Aggregated information about the purchases carried out during this period Trading Day Aggregate Daily Volume (in number of shares) Daily weighted average purchase price of the shares (USD) Trading ...

Burlington, ON, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Wolseley Canada is pleased to announce the appointment of Brad Rutledge as Vice President, Waterworks, effective February 1, 2024. Brad joined Wolseley in 2018 and led the National Quotations team. He's held progressive leadership roles since then, including Branch Area Manager in Alberta and eventually Director for Wolseley Industrial. He is extremely supportive of Diversity and Inclusion initiatives and is specifically focused on Indigenous Investment. "Br ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) For the transition period from to Commission File Number: 001-40066 Ferguson plc Jersey, Channel Islands 98-1499339 (State or other jurisdiction o ...

Ferguson plc (NYSE:FERG) Q1 2024 Earnings Conference Call December 5, 2023 8:30 AM ET Brian Lantz - Vice President of Investor Relations and Communications Bill Brundage - Chief Financial Officer Phil Ng - Jefferies Will Jones - Redburn Partners Brian Biros - Thompson Research Company Participants Kevin Murphy - Chief Executive Officer Conference Call Participants Ryan Merkel - William Blair Patrick Baumann - JPMorgan Sam Darkatsh - Raymond James Operator Hello, everyone, and welcome to Ferguson's First Qua ...

Financial Data and Key Metrics Changes - Revenue for the year was $29.7 billion, representing a 4.1% increase compared to the previous year, building on a 25% growth in fiscal year 2022 [15] - Adjusted operating profit was $2.9 billion, down 1% year-over-year, with adjusted diluted earnings per share increasing by 1% [15][26] - Gross margin for the year was 30.4%, a decrease of 30 basis points from the previous year [25] Performance by Business Lines - Residential revenues, which accounted for over half of U.S. revenue, declined by 4% during the quarter [17] - The commercial mechanical customer group saw a 1% decline, while industrial, fire, fabrication, and facility supply businesses delivered a combined 6% growth [18] - HVAC segment grew by 4%, with a two-year stack of 22%, driven by the execution of the HVAC growth strategy [34] Market Data and Key Metrics Changes - U.S. organic revenue growth for non-residential markets was 7%, outperforming a modestly growing market [36] - Canadian segment net sales declined by 5.1%, with organic revenue down 2.7% against a strong prior year comparable [42] - The overall residential market is expected to decline in the mid to high-single-digit range, while non-residential markets are anticipated to be down in the low-single-digit range [56] Company Strategy and Industry Competition - The company is focused on investing in organic growth, consolidating fragmented markets through acquisitions, and maintaining a strong balance sheet [66] - The strategy includes expanding HVAC capabilities and enhancing Waterworks business to capture a larger market share [89] - The company aims to leverage its scale and multi-customer group proposition to capture growth from significant megaprojects over the medium term [51][65] Management's Comments on Operating Environment and Future Outlook - Management anticipates a broadly flat revenue environment for fiscal year 2024, with expectations of mid-single-digit declines in end markets [46][56] - The company is seeing structural tailwinds from megaproject construction spend over the next five years, supported by on-shoring activity and aging infrastructure [65] - Management expressed confidence in the business's ability to adapt to changing market conditions, highlighting a balanced business mix and flexible cost base [52] Other Important Information - The company returned $1.6 billion to shareholders through dividends and share buybacks during the year [33] - The adjusted operating margin for the year is expected to be between 9.2% to 9.8%, reflecting modest normalization driven by strong first-half comparables [63] Q&A Session Summary Question: What does organic growth look like quarter-to-date? - Management indicated that organic decline is similar to Q4, with expectations for continued pressure in the first half of the fiscal year [55] Question: Can you elaborate on the margin guidance? - The guidance implies a 30 basis point decline in operating margin, driven by strong first-half comparables and expected organic decline [57] Question: How is the pricing environment expected to evolve? - Management expects a broadly neutral pricing environment for the fiscal year, with some pressure on prices due to commodity dynamics [61][85] Question: What is the focus for capital deployment? - The company remains committed to investing for organic growth, sustaining dividends, and pursuing bolt-on M&A opportunities [125] Question: How does the company view the non-residential market outlook? - Management noted softness in traditional non-residential areas but highlighted increased bidding activity for megaprojects [93][104]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended July 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40066 Ferguson plc (Exact name of registrant as specified in its charter) Jersey, Channel Islands 98-1499339 (State or other jurisdiction of incorpora ...