Exhibit 99.1 Ferguson Reports Third Quarter Results Return to Volume Growth Driven by Continued Execution FY2024 Guidance | Prior | 2024 | Guidance | Updated | 2024 | Guidance | Net | sales* | Broadly | flat | Broadly | flat | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Adjusted | operating | margin** | 9.2% | - | 9.8% | 9.2% | - | 9.6% | Interest | expense | $190 | - | $210 | million | $175 | - | $185 | million | | Adju ...

JulPo Investment summary My recommendation for Ferguson (NYSE:FERG) is a buy rating, as I am optimistic about both the near-term and long-term growth outlook. In the near term, there are leading indicators that suggest growth recovery, and as for the long-term driver, mega projects, the backlog remains healthy. Notably, the investments that FERG is making should support margin expansion and growth as well. Business Overview FERG is a leading specialty distributor of HVAC and industrial supplies, offerin ...

BURLINGTON, Ontario, March 18, 2024 (GLOBE NEWSWIRE) -- Wolseley Canada is pleased to announce the appointment of Jeffrey Gallanty, as VP Supply Chain, effective March 18, 2024. Jeffrey joins us from Ferguson where he managed the distribution and logistics network in the Northeastern US region for the past five years. Jeffrey managed the flow of $8 billion in inventory and has an impressive track record of driving improvement and process efficiencies throughout supply chain operations. "I am personally look ...

WOKINGHAM, England--(BUSINESS WIRE)--Ferguson plc (the "Company") announces that, in continuation of its $3.0 billion share repurchase program (the "Program"), it has entered into a non-discretionary arrangement with its broker Barclays Capital Inc. ("Barclays") commencing from March 15, 2024 and ending no later than June 13, 2024. Barclays, an independent third party, will make trading decisions concerning the timing of the purchases of the Company's shares independently of the Company. Barclays will carry ...

WOKINGHAM, England--(BUSINESS WIRE)--NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN ORDINARY SHARES OF 10p EACH IN THE COMPANY (“Shares”) Effective March 7, 2024, the restricted stock units that were issued to the Company’s Non-Employee Directors on October 12, 2023 under the Ferguson Non-Employee Director Incentive Plan 2022 were cancelled (the “Cancelled Director Awards”) and a replacement grant of restricted stock units, for the same number of restricted sto ...

WOKINGHAM, England--(BUSINESS WIRE)--On March 6, 2024, Ferguson plc (the "Company") filed a Form 10-Q 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 6, 2024 – Form 10-Q About Ferguson Ferguson plc (NYSE: FERG; LSE: FERG) is a leading value-added distributor in North America providing expertise, solutions and products from ...

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 January 31, 2024 Jersey, Channel Islands 98-1499339 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1020 Eskdale Road, Winnersh Triangle, Wokingham, Berkshire, RG41 5TS, United Kingdom (Address of principal executive offices and zip code) +44 (0) 118 927 38 ...

Brian Lantz - Vice President, Investor Relations and Communications Operator Moving to our customer groups in the United States. Residential trade plumbing declined by 2%, an improvement from double-digit declines over the three quarters as we begin to lap easier comparables and new residential markets begin to stabilize. Any indicators such as new residential permits and starts have recently seen modest improvement, and we expect further improvement in future quarters. Interest and tax outflows were slight ...

| --- | --- | |--------------------------------------|-------| | | | | | | | | | | | | | FY2023 | | | | | | Second Quarter Results Presentation | | | Results to January 31, 2024 | | Cautionary note on forward-looking statements This presentation contains certain financial information that is not presented in conformity w ith U.S. generally accepted accounting principles ("U.S. GAAP"). These non-GAAP financial measures include, but are not limited to, adjusted operating profit, adjusted operating margin, adj ...

Exhibit 99.1 | Total Company | | 2024 | | Guidance | | | --- | --- | --- | --- | --- | --- | | Net sales* | | | Broadly | | flat | | Adjusted | operating margin** | 9.2% | | - | 9.8% | | Interest | expense | $190 | - | $210 | million | | Adjusted | effective tax rate** | | Approximately | | 25% | | Capital | expenditures | $400 | - | $450 | million | * Net sales guidance assumes mid-single digit market decline with continued Company market outperformance, contribution from completed acquisitions and one add ...