Ferguson Enterprises Inc. Announces Director/PDMR Shareholding Changes
The industrial distributor has announced changes to the shareholdings of its directors and other persons discharging managerial responsibilities.
The industrial distributor has announced changes to the shareholdings of its directors and other persons discharging managerial responsibilities.
The industrial distributor has filed its definitive proxy statement and annual report ahead of the upcoming annual shareholder meeting.
The industrial distributor has priced a $750 million public offering of senior unsecured notes, providing the company with additional financial flexibility and liquidity.
The industrial distributor reported mixed full-year results with revenue growth of 3.8%, but faced profit declines and margin pressures amid challenging market conditions, particularly in residential markets.
The industrial distribution company has announced that several non-employee directors have purchased shares in the company through dividend reinvestment arrangements.
The industrial distributor has closed nine acquisitions in the past fiscal year, adding $300 million in annualized revenues and strengthening its capabilities in HVAC, water and wastewater treatment, and municipal markets.
The industrial distribution company has been named to the prestigious Fortune 500 list, reflecting its impact on the North American construction market.
The major industrial distributor reported robust Q3 results, with sales up 4.3% and adjusted operating margin expanding to 9.4%. The company also raised its full-year guidance, signaling confidence in its business outlook.
The major industrial distributor will report its third quarter results and host a conference call on June 3.