Highest-materiality recent filing
Ferguson secures $1.6B in bridge and term loan facilities to fund FloWorks acquisition
On Aug 11, 2026, Ferguson entered a $700M unsecured 364-day bridge credit facility with JPMorgan as admin agent.
Ferguson Q2 sales up 4.6% to $8.75B, EPS $3.43, raises FY guidance
Q2 sales $8.75B, +4.6% YoY; organic +3.8%, acquisitions +1.0%.
Ferguson to acquire FloWorks for $1.6B, expanding TAM to $400B
Enterprise value of $1.6B; acquisition multiple ~10x LTM Adj. EBITDA including ~$45M expected synergies.
Ferguson Q1 revenue $7.5B (+3.6%), adj. EPS $2.28 (+9.1%); FY guidance unchanged
Sales $7,472M (+3.6%), organic growth 2.8%, acquisitions 0.8%.
Ferguson Enterprises shareholders elect all 11 directors, ratify auditor, approve say-on-pay
All 11 director nominees elected with majority support; Bill Brundage and Alan Murray received ~92% and ~93% votes for, respectively.
Ferguson reports CY2025 sales $31.3B (+5%), adj EPS $10.58 (+13.4%), and issues 2026 guidance
CY2025 net sales $31.3B (+5.0% YoY); gross margin 31.0% (+70 bps); reported EPS $10.16 (+24.2%).
Ferguson Q1 sales $8.2B (+5.1%), EPS $2.90 (+23.9%); raises FY adj. margin guidance
Gross margin 30.7% (+60 bps); adjusted operating margin 9.9% (+80 bps).
All 11 director nominees elected; 13.0M votes against Bill Brundage and 9.2M against Alan Murray were the highest opposition.
Ferguson Enterprises completes $750M offering of 4.350% Senior Notes due 2031
Aggregate principal $750M, 4.350% coupon, maturity 2031; redeemable at company's option on terms in indenture.
Q4 sales $8.5B (+6.9% YoY); adjusted EPS $3.48 (+16.8%); gross margin 31.7% (+70 bps).
Ferguson Q3 sales up 4.3% to $7.6B; adjusted EPS $2.50; guidance raised
Revenue $7.6B, +4.3% YoY; organic growth 5.0%; gross margin 31.0% (+50bps).
Ferguson enters new $1.5B revolver due 2030, replaces $1.35B facility
New unsecured revolving credit facility with aggregate commitments of $1.5 billion, maturing April 2, 2030.
Ferguson Q2 sales +3% to $6.9B; adjusted op margin misses; FY guide cut to 8.3%-8.8%
Sales $6.9B (+3%); volume up 5%, deflation ~2%; adjusted EPS $1.52 vs $1.74 last year.
Ferguson promotes Bill Thees to COO, expanding oversight to supply chain and facilities
Bill Thees, 58, title changes from SVP to COO effective February 1, 2025.
Ferguson Q1 revenue up 0.8%, EPS down 7.9%; FY guidance unchanged
Net sales $7.8B (+0.8% YoY); volume grew 3% offset by ~2% deflation.
Ferguson 2024 annual meeting: all 11 directors elected, say-on-pay approved annually
All 11 director nominees elected; Bill Brundage received lowest support at 93.85%.
Ferguson Enterprises amends receivables facility; extends maturity to Oct 2027
Extension of termination date to October 29, 2027 for all Purchase Groups except the TD Purchase Group.
Ferguson Enterprises closes $750M offering of 5.000% Senior Notes due 2034
Closed $750M offering of 5.000% Senior Notes due 2034; issued under Base Indenture and First Supplemental Indenture.
Ferguson Q4 sales +1.4% to $7.95B; FY2025 sees low-single-digit growth
Q4 adjusted EPS $2.98 (+7.6% YoY); revenue $7,946M (+1.4%) despite ~2% deflation.
Ferguson Enterprises completes US redomestication via merger; shares continue trading as FERG
Merger effective August 1, 2024; each Ferguson plc share converted into one share of new Delaware corporation.
the title of Bill Thees, age 58, will change from “Senior Vice President” to “Chief Operating Officer” to reflect an expansion of his oversight responsibilities over the coming months to include the Company’s supply chain and facilities functions.
Max materiality 0.85 · Median 0.65 · Most common event earnings