Ferguson Enterprises Inc (FERG)

Ferguson Enterprises Inc.: Notice of Dividend Currency Exchange RateJune 19, 2026 6:45 AM
Business Wire NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE FOR HOLDERS OF DEPOSITARY INTERESTS On April 30, 2026, Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) announced its intention to pay a dividend of $0.89 per share. The dividend will be paid on July 8, 2026, to stockholders of record as of the close of business on May 15, 2026. Holders of Depositary Interests, being participants within CREST, will receive pounds sterling (“GBP”) as the default currency unless an election is made for payment in an alternative currency. Further details can be found at Ferguson - Investors - Shareholder Center - Dividends / Dividend History. Set out below is the currency exchange rate for holders of Depositary Interests who will receive the dividend in GBP: Dividend declared in USD Exchange rate (GBP/USD) $0.89 per share 1.3228   View source version on businesswire.com: https://www.businesswire.com/news/home/20260619389723/en/ Investor Inquiries:
Pete Kennedy, Vice President Investor Relations +1 757 603 0111
Christen Rusbarsky, Director Investor Relations +1 443 528 2533 Media Inquiries:
Christine Dwyer, Vice President Communications and PR +1 757 469 5813 Original: Ferguson Enterprises Inc.: Notice of Dividend Currency Exchange Rate

Ferguson Announces Intention to Cancel Secondary Listing on London Stock ExchangeJune 16, 2026 6:45 AM
Business Wire Ferguson Enterprises Inc. (“Ferguson” or the “Company”) (NYSE: FERG; LSE: FERG) today announced its intention to cancel: (i) the secondary listing of the Company’s common stock (“Common Stock”) on the Equity Shares (international commercial companies secondary listing) category of the Official List (the “Official List”) of the U.K. Financial Conduct Authority (“FCA”); and (ii) the admission to trading of its Common Stock on the London Stock Exchange’s (“LSE”) main market for listed securities (together, the “London Delisting”) with effect from July 20, 2026. Background to and reasons for the London Delisting Since 2019, the Company’s board of directors (the “Board”) has considered North America to be the best long-term location for Ferguson and has worked methodically and transparently with shareholders on this transformative journey. In moving the Company’s primary listing from the LSE to the New York Stock Exchange (“NYSE”) in 2022, the Board noted its intention to maintain the Company’s secondary listing in London for as long as it was considered to be in the best interests of Ferguson and its shareholders as a whole. On May 5, 2026, the Company announced its intention to undertake a review of its LSE secondary listing. Following completion of the review, the Board is satisfied that it is in the best interests of the Company and its shareholders to proceed with the London Delisting for the following reasons: Liquidity on the NYSE now far outweighs liquidity on the LSE; Our shareholding base is largely North American; Eliminates the cost and complexity of maintaining a secondary listing while also simplifying the Company’s corporate governance requirements; and Completes alignment with the Company’s pure North American business profile and operations, headquarters and leadership with its listing structure. Accordingly, the Company hereby gives notice that it has requested that: (i) the FCA cancel the listing of the Common Stock on the Equity Shares (international commercial companies secondary listing) category of the Official List of the FCA; and (ii) the LSE cancel the admission to trading of the Common Stock on the main market for listed securities of the LSE. Process for and principal effects of the London Delisting As the Company is assigned to the Equity Shares (international commercial companies secondary listing) category of the Official List, no shareholder approval is required for the London Delisting. In accordance with U.K. Listing Rule 21.2.17R, the Company is required to give at least 20 business days’ notice of the London Delisting. As such, it is intended that the London Delisting will become effective from 8:00 a.m. U.K. time on July 20, 2026, such that the last date of trading of the Common Stock on the LSE will be July 17, 2026. Following the London Delisting: (i) it will no longer be possible to trade Common Stock on the LSE; and (ii) the Company will maintain its listing of its Common Stock on the NYSE. The London Delisting is expected to have no impact for shareholders who are direct holders of Common Stock or who hold their interests in Common Stock through their nominated DTC broker or custodian. Holders of the Company’s U.K. issued Depositary Interests (“U.K. DIs”) are strongly encouraged to read the Appendix to this announcement, which contains further details of the arrangements that will apply to them following the London Delisting and the actions that they may wish to take in advance of the London Delisting (including the steps and actions required to convert their interests into holdings of Common Stock, directly or through a DTC broker or custodian, from which they can be traded directly on the NYSE). The Company currently expects the existing U.K. DI arrangements to remain in place until on or around January 29, 2027. To assist shareholders in preparing for the London Delisting, the Company has prepared answers to Frequently Asked Questions (“Shareholder FAQ”), which can be found on the Managing Your Shares page of the Investors tab on our website at corporate.ferguson.com. Cautionary note regarding forward-looking statements Certain information included in this announcement is forward-looking, including within the meaning of the Private Securities Litigation Reform Act of 1995, and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements. Forward-looking statements cover all matters which are not historical facts and include, without limitation, statements or guidance regarding our intentions with respect to the London Delisting and our expectation that it will become effective and the expected benefits of the London Delisting. Forward-looking statements can be identified by the use of forward-looking terminology, including terms such as “believes,” “estimates,” “anticipates,” “expects,” “forecasts,” “guidance,” “intends,” “continues,” “plans,” “projects,” “poised,” “goal,” “target,” “aim,” “may,” “will,” “would,” “could” or “should” or, in each case, their negative or other variations or comparable terminology and other similar references to future periods. Forward-looking statements speak only as of the date on which they are made. They are not assurances of future performance and are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Therefore, you should not place undue reliance on any of these forward-looking statements. Although we believe that the forward-looking statements contained in this announcement are based on reasonable assumptions, you should be aware that many factors could cause actual results to differ materially from those contained in such forward-looking statements, including but not limited to the risks and uncertainties set forth under the heading “Risk Factors” in our Transition Report on Form 10-KT for the five-month transition period ended December 31, 2025 filed with the Securities and Exchange Commission (“SEC”) on February 27, 2026 and in other filings we make with the SEC in the future. Additionally, forward-looking statements regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Other than in accordance with our legal or regulatory obligations, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. About Ferguson Ferguson (NYSE: FERG; LSE: FERG) is North America’s largest value-added distributor of essential water and air solutions, serving specialized professionals in our $340B residential and non-residential North American construction markets. We help make our customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $31.3 billion (CY’25) and approximately 35,000 associates in over 1,700 locations. For more information, please visit corporate.ferguson.com. Appendix: Additional Details for Holders of U.K. DIs Holders of U.K. DIs are advised to read this Appendix carefully to ensure that they understand the arrangements that will apply to them following the London Delisting and the actions that they may wish to take in advance of the London Delisting. If in doubt as to the action they should take, they are recommended to seek advice from their qualified financial advisor. U.K. DI Holders The Company’s existing U.K. DI arrangements will not immediately be impacted by the London Delisting. Accordingly, following the London Delisting, shareholders may continue to hold their interests in Common Stock in the form of U.K. DIs, that is through CREST. However, following the London Delisting it will only be possible to place on market trades in respect of Common Stock on the NYSE. Consequently, in order to trade their Common Stock on a recognised stock exchange following the London Delisting, U.K. DI holders will have to reposition their interests in Common Stock into a DTC broker or custodian account by: (i) canceling their U.K. DIs through the delivery of a cross-border instruction in respect of the underlying Common Stock through CREST to Computershare Investor Services PLC (“Computershare”, as the issuer of the U.K. DIs) in the form of a CREST stock withdrawal message (CREST system message type: STW); and (ii) instructing Computershare to deliver their interests in Common Stock into the account of their chosen bank, broker, custodian firm, financial institution and/or other person that is a participant in DTC. The cancelation of U.K. DIs is subject to a charge, depending on the value of the underlying Common Stock. For general inquiries, details of the current cancelation charges or for assistance in canceling U.K. DIs and lodging cross-border instructions, holders, or brokers, of U.K. DIs should contact Computershare by phone on +44 (0) 906 999 0000 (from inside or outside the U.K.). Lines are open 8:30 a.m. to 5:30 p.m. (U.K. time), Monday to Friday (excluding public holidays in England and Wales). If you hold your U.K. DIs through a broker or custodian (for example you are an investor through a retail nominee arrangement, and are not a CREST participant directly), please contact your broker or custodian for assistance. The Company currently expects the existing U.K. DI arrangements to remain in place until on or around January 29, 2027. Please refer to the Shareholder FAQ for further details. View source version on businesswire.com: https://www.businesswire.com/news/home/20260616635604/en/ Investor Inquiries:
Pete Kennedy
Vice President, Investor Relations
+1 757 603 0111 Christen Rusbarsky
Director, Investor Relations
+1 443 528 2533 Media Inquiries
Christine Dwyer
Vice President, Communications and PR
+1 757 469 5813 Original: Ferguson Announces Intention to Cancel Secondary Listing on London Stock Exchange

Ferguson Enterprises Inc. (“Company”): Execution of Rule 10b5-1 PlanJune 12, 2026 6:45 AM
Business Wire This is an initial notification of a transaction of a person discharging managerial responsibility (“PDMR”) in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018). The Company announces that Robert Camposano, Senior Vice President, entered into a Rule 10b5-1 plan in respect of common stock of par value $0.0001 each in the Company (“Shares”) (ISIN US31488V1070) that he will become beneficially entitled to receive, and beneficially own in connection with the vesting or settlement of certain of his Company equity awards, comprising: (i) his 2023 award granted under the Ferguson Enterprises Inc. Ordinary Share Plan 2019; (ii) his 2023 performance award granted under the Ferguson Enterprises Inc. Performance Ordinary Share Plan 2019; (iii) his 2024 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan; and (iv) his 2025 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan (the “Rule 10b5-1 Plan”). The Rule 10b5-1 Plan will expire on December 10, 2026, unless terminated earlier in accordance with its terms (including upon execution of all trades specified in the plan, at the election of the PDMR, or by the broker in specified circumstances). Under the terms of the Rule 10b5-1 Plan, up to 100% of the net Shares delivered under those awards (being the Shares received after deduction of any Shares withheld to satisfy applicable tax withholding obligations) may be sold in accordance with the terms specified in the Rule 10b5-1 Plan. The first trading date will be no earlier than 90 days after the publication of this announcement. The Rule 10b5-1 Plan is revocable and modifiable during an open period. The transaction took place outside a trading venue. View source version on businesswire.com: https://www.businesswire.com/news/home/20260612066626/en/ Investor Inquiries:
Pete Kennedy, Vice President Investor Relations +1 757 603 0111
Christen Rusbarsky, Director Investor Relations +1 443 528 2533 Media Inquiries:
Christine Dwyer, Vice President Communications and PR +1 757 469 5813 Original: Ferguson Enterprises Inc. (“Company”): Execution of Rule 10b5-1 Plan

Ferguson Enterprises Inc. (“Company”): Execution of Rule 10b5-1 PlanJune 9, 2026 6:45 AM
Business Wire This is an initial notification of a transaction of a person discharging managerial responsibility (“PDMR”) in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018). The Company announces that Kevin Murphy, President & Chief Executive Officer, entered into a Rule 10b5-1 plan in respect of common stock of par value $0.0001 each in the Company (“Shares”) (ISIN US31488V1070) that he will become beneficially entitled to receive, and beneficially own in connection with the vesting or settlement of certain of his Company equity awards, comprising: (i) his 2023 performance award granted under the Ferguson Enterprises Inc. Long Term Incentive Plan 2019; (ii) his 2023 performance award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan; (iii) his 2023 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan; (iv) his 2024 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan; and (v) his 2025 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan (the “Rule 10b5-1 Plan”). The Rule 10b5-1 Plan will expire on December 8, 2026, unless terminated earlier in accordance with its terms (including upon execution of all trades specified in the plan, at the election of the PDMR, or by the broker in specified circumstances). Under the terms of the Rule 10b5-1 Plan, up to 65% of the net Shares delivered under those awards (being the Shares received after deduction of any Shares withheld to satisfy applicable tax withholding obligations) may be sold in accordance with the terms specified in the Rule 10b5-1 Plan. The first trading date will be no earlier than 90 days after the publication of this announcement. The Rule 10b5-1 Plan is revocable and modifiable during an open period. The transaction took place outside a trading venue. View source version on businesswire.com: https://www.businesswire.com/news/home/20260609497048/en/ Investor Inquiries:
Pete Kennedy, Vice President Investor Relations +1 757 603 0111
Christen Rusbarsky, Director Investor Relations +1 443 528 2533
Media Inquiries:
Christine Dwyer, Vice President Communications and PR +1 757 469 5813 Original: Ferguson Enterprises Inc. (“Company”): Execution of Rule 10b5-1 Plan

Ferguson Enterprises Inc. ("Company"): Execution of Rule 10b5-1 PlanJune 5, 2026 6:45 AM
Business Wire This is an initial notification of a transaction of a person discharging managerial responsibility (“PDMR”) in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018). The Company announces that Allison Stirrup, Chief Human Resources Officer, entered into a Rule 10b5-1 plan in respect of common stock of par value $0.0001 each in the Company (“Shares”) (ISIN US31488V1070) that she will become beneficially entitled to receive, and beneficially own in connection with the vesting or settlement of certain of her Company equity awards, comprising: (i) her 2023 award granted under the Ferguson Enterprises Inc. Ordinary Share Plan 2019; (ii) her 2023 performance award granted under the Ferguson Enterprises Inc. Performance Ordinary Share Plan 2019, (iii) her 2024 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan and (iv) her 2025 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan (the “Rule 10b5-1 Plan”). The Rule 10b5-1 Plan will expire on December 8, 2026, unless terminated earlier in accordance with its terms (including upon execution of all trades specified in the plan, at the election of the PDMR, or by the broker in specified circumstances). Under the terms of the Rule 10b5-1 Plan, up to 100% of the net Shares delivered under those awards (being the Shares received after deduction of any Shares withheld to satisfy applicable tax withholding obligations) may be sold in accordance with the terms specified in the Rule 10b5-1 Plan. The first trading date will be no earlier than 90 days after the publication of this announcement. The Rule 10b5-1 Plan is revocable and modifiable during an open period. The transaction took place outside a trading venue. View source version on businesswire.com: https://www.businesswire.com/news/home/20260605584776/en/ Investor Inquiries:
Pete Kennedy, Vice President Investor Relations +1 757 603 0111
Christen Rusbarsky, Director Investor Relations +1 443 528 2533 Media Inquiries:
Christine Dwyer, Vice President Communications and PR +1 757 469 5813 Original: Ferguson Enterprises Inc. ("Company"): Execution of Rule 10b5-1 Plan

Ferguson Enterprises Inc. (“Company”): Director/PDMR ShareholdingJune 3, 2026 6:45 AM
Business Wire NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN COMMON STOCK OF PAR VALUE $0.0001 EACH IN THE COMPANY (“Shares”) The attached notifications, which have been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provide further detail. 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Kevin Murphy 2 Reason for the notification a) Position/status President & Chief Executive Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The exercise of share options granted in April 2025 under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)         Volume(s) $132.276       68   USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,994.76 e) Date of the transaction 2026-05-28; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name William Brundage 2 Reason for the notification a) Position/status Chief Financial Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The exercise of share options granted in April 2025 under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)         Volume(s) $132.276       68   USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,994.76 e) Date of the transaction 2026-05-28; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Robert Camposano 2 Reason for the notification a) Position/status Senior Vice President b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The exercise of share options granted in April 2025 under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)         Volume(s) $132.276       68   USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,994.76 e) Date of the transaction 2026-05-28; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Jake Schlicher 2 Reason for the notification a) Position/status Chief Strategy Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The exercise of share options granted in April 2025 under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)         Volume(s) $132.276       68   USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,994.76 e) Date of the transaction 2026-05-28; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Allison Stirrup 2 Reason for the notification a) Position/status Chief Human Resources Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The exercise of share options granted in April 2025 under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)         Volume(s) $132.276       68   USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,994.76 e) Date of the transaction 2026-05-28; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Matthew Stirrup 2 Reason for the notification a) Position/status This notification concerns a person closely associated with a person discharging managerial responsibilities. The relevant person discharging managerial responsibilities being Allison Stirrup, Chief Human Resources Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The exercise of share options granted in April 2025 under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)         Volume(s) $132.276       68   USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,994.76 e) Date of the transaction 2026-05-28; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name William Thees 2 Reason for the notification a) Position/status Chief Operating Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The exercise of share options granted in April 2025 under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)         Volume(s) $132.276       68   USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,994.76 e) Date of the transaction 2026-05-28; UTC time f) Place of the transaction Outside a Trading Venue   View source version on businesswire.com: https://www.businesswire.com/news/home/20260603722646/en/ Investor Inquiries:
Pete Kennedy, Vice President of Investor Relations +1 757 603 0111
Christen Rusbarsky, Director, Investor Relations +1 443 528 2533 Media Inquiries:
Christine Dwyer, Vice President Communications and PR +1 757 469 5813 Original: Ferguson Enterprises Inc. (“Company”): Director/PDMR Shareholding

Ferguson Enterprises Inc. (“Company”): Director/PDMR ShareholdingJune 1, 2026 6:45 AM
Business Wire NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN COMMON STOCK OF PAR VALUE $0.0001 EACH IN THE COMPANY (“Shares”) The attached notifications, which have been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provide further detail. 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Kevin Murphy 2 Reason for the notification a) Position/status President & Chief Executive Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The grant of share options under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)                                              Volume(s) 46 $193.205   or, if lower, eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     or, if higher, such volume that can be acquired for the total amount of savings using an exercise price at eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,887.43   assuming price and volume as at the date of grant e) Date of the transaction 2026-05-26; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name William Brundage 2 Reason for the notification a) Position/status Chief Financial Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The grant of share options under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)                                                                     Volume(s) $193.205                                                                   46   or, if lower, eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     or, if higher, such volume that can be acquired for the total amount of savings using an exercise price at eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,887.43   assuming price and volume as at the date of grant e) Date of the transaction 2026-05-26; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Robert Camposano 2 Reason for the notification a) Position/status Senior Vice President b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The grant of share options under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)                                                                  Volume(s) $193.205                                                                46   or, if lower, eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     or, if higher, such volume that can be acquired for the total amount of savings using an exercise price at eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,887.43   assuming price and volume as at the date of grant e) Date of the transaction 2026-05-26; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Ian Graham 2 Reason for the notification a) Position/status Chief Legal Officer & Corporate Secretary b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The grant of share options under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)                                               Volume(s) $193.205                                             46   or, if lower, eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     or, if higher, such volume that can be acquired for the total amount of savings using an exercise price at eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,887.43   assuming price and volume as at the date of grant e) Date of the transaction 2026-05-26; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Jake Schlicher 2 Reason for the notification a) Position/status Chief Strategy Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The grant of share options under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)                                         Volume(s) $193.205                                       46   or, if lower, eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     or, if higher, such volume that can be acquired for the total amount of savings using an exercise price at eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,887.43   assuming price and volume as at the date of grant e) Date of the transaction 2026-05-26; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Allison Stirrup 2 Reason for the notification a) Position/status Chief Human Resources Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The grant of share options under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)                                         Volume(s) $193.205                                       46   or, if lower, eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     or, if higher, such volume that can be acquired for the total amount of savings using an exercise price at eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,887.43   assuming price and volume as at the date of grant e) Date of the transaction 2026-05-26; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Matthew Stirrup 2 Reason for the notification a) Position/status This notification concerns a person closely associated with a person discharging managerial responsibilities. The relevant person discharging managerial responsibilities being Allison Stirrup, Chief Human Resources Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The grant of share options under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)                                            Volume(s) $193.205                                         46   or, if lower, eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     or, if higher, such volume that can be acquired for the total amount of savings using an exercise price at eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,887.43   assuming price and volume as at the date of grant e) Date of the transaction 2026-05-26; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name William Thees 2 Reason for the notification a) Position/status Chief Operating Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share     ISIN: US31488V1070 b) Nature of the transaction The grant of share options under the Ferguson Enterprises Inc. Employee Share Purchase Plan 2021 c) Price(s) and volume(s)   Price(s)                                        Volume(s) $193.205                                      46   or, if lower, eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     or, if higher, such volume that can be acquired for the total amount of savings using an exercise price at eighty-five percent (85%) of the closing price of a share of the Company’s common stock on the New York Stock Exchange on the date of exercise     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $8,887.43   assuming price and volume as at the date of grant e) Date of the transaction 2026-05-26; UTC time f) Place of the transaction Outside a Trading Venue   View source version on businesswire.com: https://www.businesswire.com/news/home/20260601396030/en/ Investor Inquiries: Pete Kennedy, Vice President of Investor Relations +1 757 603 0111 Christen Rusbarsky, Director, Investor Relations +1 443 528 2533 Media Inquiries: Christine Dwyer, Vice President Communications and PR +1 757 469 5813 Original: Ferguson Enterprises Inc. (“Company”): Director/PDMR Shareholding

Ferguson Enterprises Inc. (“Company”): Execution of Rule 10b5-1 PlansJune 1, 2026 6:45 AM
Business Wire This is an initial notification of transactions of persons discharging managerial responsibility (“PDMRs”) in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018). The Company announces that: (1) Ian Graham, Chief Legal Officer & Corporate Secretary, entered into a Rule 10b5-1 plan in respect of common stock of par value $0.0001 each in the Company (“Shares”) (ISIN US31488V1070) that he will become beneficially entitled to receive, and beneficially own in connection with the vesting or settlement of certain of his Company equity awards, comprising: (i) his 2023 award granted under the Ferguson Enterprises Inc. Ordinary Share Plan 2019; (ii) his 2023 performance award granted under the Ferguson Enterprises Inc. Performance Ordinary Share Plan 2019, (iii) his 2024 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan and (iv) his 2025 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. The Rule 10b5-1 plan will expire on November 30, 2026, unless terminated earlier in accordance with its terms (including upon execution of all trades specified in the plan, at the election of the PDMR, or by the broker in specified circumstances). (2) William Thees, Chief Operating Officer, entered into a Rule 10b5-1 plan in respect of common stock of par value $0.0001 each in the Company (“Shares”) (ISIN US31488V1070) that he will become beneficially entitled to receive, and beneficially own in connection with the vesting or settlement of certain of his Company equity awards, comprising: (i) his 2023 award granted under the Ferguson Enterprises Inc. Ordinary Share Plan 2019; (ii) his 2023 performance award granted under the Ferguson Enterprises Inc. Performance Ordinary Share Plan 2019, (iii) his 2024 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan and (iv) his 2025 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. The Rule 10b5-1 plan will expire on November 23, 2026, unless terminated earlier in accordance with its terms (including upon execution of all trades specified in the plan, at the election of the PDMR, or by the broker in specified circumstances). (together, “Rule 10b5-1 Plans”) Under the terms of the Rule 10b5-1 Plans, up to 100% of the net Shares delivered under those awards (being the Shares received after deduction of any Shares withheld to satisfy applicable tax withholding obligations) may be sold in accordance with the terms specified in the Rule 10b5-1 Plans. The first trading date will be no earlier than 90 days after the publication of this announcement. The Rule 10b5-1 Plans are revocable and modifiable during an open period. The transactions took place outside a trading venue. View source version on businesswire.com: https://www.businesswire.com/news/home/20260601842067/en/ Investor Inquiries:
Pete Kennedy, Vice President Investor Relations +1 757 603 0111
Christen Rusbarsky, Director Investor Relations +1 443 528 2533 Media Inquiries:
Christine Dwyer, Vice President Communications and PR +1 757 469 5813 Original: Ferguson Enterprises Inc. (“Company”): Execution of Rule 10b5-1 Plans

Ferguson Enterprises Inc. (“Company”): Execution of Rule 10b5-1 PlansMay 22, 2026 6:45 AM
Business Wire This is an initial notification of transactions of persons discharging managerial responsibility (“PDMRs”) in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018). The Company announces that: (1) William Brundage, Chief Financial Officer, entered into a Rule 10b5-1 plan in respect of common stock of par value $0.0001 each in the Company (“Shares”) (ISIN US31488V1070) that he will become beneficially entitled to receive, and beneficially own in connection with the vesting or settlement of certain of his Company equity awards, comprising: (i) one 2023 performance award granted under the Ferguson Enterprises Inc. Long Term Incentive Plan 2019; and (ii) one 2023 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. The Rule 10b5-1 plan will expire on November 23, 2026, unless terminated earlier in accordance with its terms (including upon execution of all trades specified in the plan, at the election of the PDMR, or by the broker in specified circumstances); (2) Jake Schlicher, Chief Strategy Officer, entered into a Rule 10b5-1 plan in respect of common stock of par value $0.0001 each in the Company (“Shares”) (ISIN US31488V1070) that he will become beneficially entitled to receive, and beneficially own in connection with the vesting or settlement of certain of his Company equity awards, comprising: (i) one 2023 award granted under the Ferguson Enterprises Inc. Ordinary Share Plan 2019; (ii) one 2023 performance award granted under the Ferguson Enterprises Inc. Performance Ordinary Share Plan 2019, (iii) one 2024 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan and (iv) one 2025 RSU award granted under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan. The Rule 10b5-1 plan will expire on December 31, 2026, unless terminated earlier in accordance with its terms (including upon execution of all trades specified in the plan, at the election of the PDMR, or by the broker in specified circumstances). (together, “Rule 10b5-1 Plans”) Under the terms of the Rule 10b5-1 Plans, up to 100% of the net Shares delivered under those awards (being the Shares received after deduction of any Shares withheld to satisfy applicable tax withholding obligations) may be sold in accordance with the terms specified in the Rule 10b5-1 Plans. The first trading date will be no earlier than 90 days after the publication of this announcement. The Rule 10b5-1 Plans are revocable and modifiable during an open period. The transactions took place outside a trading venue. View source version on businesswire.com: https://www.businesswire.com/news/home/20260522432037/en/ Investor Inquiries:
Pete Kennedy, Vice President Investor Relations, +1 757 603 0111
Christen Rusbarsky, Director Investor Relations, +1 443 528 2533 Media Inquiries:
Christine Dwyer, Vice President Communications and PR, +1 757 469 5813 Original: Ferguson Enterprises Inc. (“Company”): Execution of Rule 10b5-1 Plans

Ferguson Files Form SDMay 15, 2026 6:45 AM
Business Wire On May 14, 2026, Ferguson Enterprises Inc. (the "Company") filed a Form SD 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 at corporate.ferguson.com/investor/financial-information/sec-filings. May 14, 2026 – Form SD About Ferguson Ferguson (NYSE: FERG; LSE: FERG) is North America’s largest value-added distributor of essential water and air solutions, serving specialized professionals in our $340B residential and non-residential construction markets. We help make our customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $31.3 billion (CY’25) and approximately 35,000 associates in over 1,700 locations. For more information, please visit corporate.ferguson.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260515008036/en/ For further information please contact:
Investor Inquiries
Pete Kennedy
Vice President, Investor Relations
+1 757 603 0111
Christen Rusbarsky
Director, Investor Relations
+1 443 528 2533
Media Inquiries
Christine Dwyer
Vice President, Communications and PR
+1 757 469 5813 Original: Ferguson Files Form SD

Ferguson Enterprises Inc. (“Company”): Director/PDMR ShareholdingMay 11, 2026 6:45 AM
Business Wire NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN COMMON STOCK OF PAR VALUE $0.0001 EACH IN THE COMPANY (“Shares”) Award of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan (“Omnibus Plan”) On May 6, 2026, the Company issued restricted stock units to nine Directors under the Omnibus Plan as set out in the table below: Director Number of Restricted Stock Units     G Drabble 742 R Agrawal 751 K Baker 751 R Beckwitt 751 C Halligan 751 B May 742 J Metcalf 751 A Murray 751 S Wood 751 No consideration is payable at allocation or on vesting. The awards have no performance conditions and will vest, subject to continued service to the Company, at the next annual meeting of stockholders. The attached notifications, which have been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provide further detail. 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Geoff Drabble 2 Reason for the notification a) Position/status Board Chair b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction A grant of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan c) Price(s) and volume(s)   Price(s)    Volume(s) £0.00       742     GBP – British Pound d) Aggregated information   - Aggregated volume   - Price     Not applicable   £0.00 e) Date of the transaction 2026-05-06; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Rekha Agrawal 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction A grant of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan c) Price(s) and volume(s)   Price(s)     Volume(s) $0.00        751     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-05-06; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Kelly Baker 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction A grant of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan c) Price(s) and volume(s)   Price(s)      Volume(s) $0.00         751     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-05-06; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Richard Beckwitt 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction A grant of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan c) Price(s) and volume(s)   Price(s)      Volume(s) $0.00         751     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-05-06; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Catherine Halligan 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction A grant of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan c) Price(s) and volume(s)   Price(s)      Volume(s) $0.00         751     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-05-06; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Brian May 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction A grant of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan c) Price(s) and volume(s)   Price(s)      Volume(s) £0.00         742     GBP – British Pound d) Aggregated information   - Aggregated volume   - Price     Not applicable   £0.00 e) Date of the transaction 2026-05-06; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name James S. Metcalf 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction A grant of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan c) Price(s) and volume(s)   Price(s)      Volume(s) $0.00         751     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-05-06; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Alan Murray 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction A grant of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan c) Price(s) and volume(s)   Price(s)      Volume(s) $0.00         751     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-05-06; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Suzanne Wood 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction A grant of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan c) Price(s) and volume(s)   Price(s)      Volume(s) $0.00         751     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-05-06; UTC time f) Place of the transaction Outside a Trading Venue   View source version on businesswire.com: https://www.businesswire.com/news/home/20260511164929/en/ Investor Inquiries:
Pete Kennedy, Vice President Investor Relations +1 757 603 0111
Christen Rusbarsky, Director, Investor Relations +1 443-528-2533 Media Inquiries:
Christine Dwyer, Vice President Communications and PR +1 757 469 5813 Original: Ferguson Enterprises Inc. (“Company”): Director/PDMR Shareholding

Ferguson Enterprises Inc. (“Company”): Director/PDMR ShareholdingMay 6, 2026 6:45 AM
Business Wire NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN COMMON STOCK OF PAR VALUE $0.0001 EACH IN THE COMPANY (“Shares”) 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Kelly Baker 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction Purchase of common stock of par value $0.0001 per share pursuant to independent dividend reinvestment arrangements c) Price(s) and volume(s)      1.           Price(s)           Volume(s)           $255.517         3.502      2.           Price(s)           Volume(s)           $263.1845       1.22682   USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price      1.           Volume(s)           Price(s)           Not applicable     $894.82      2.           Volume(s)           Price(s)           Not applicable     $322.88   e) Date of the transaction 2026-04-29; UTC time 2026-04-30; UTC time f) Place of the transaction New York Stock Exchange New York Stock Exchange 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Catherine Halligan 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction Purchase of common stock of par value $0.0001 per share pursuant to independent dividend reinvestment arrangements c) Price(s) and volume(s)      1.           Price(s)           Volume(s)           $255.474         5.236      2.           Price(s)           Volume(s)           $263.5078       3.1316   USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price      1.           Volume(s)           Price(s)           Not applicable     $1,337.66      2.           Volume(s)           Price(s)           Not applicable     $825.20   e) Date of the transaction 2026-04-29; UTC time 2026-04-30; UTC time f) Place of the transaction New York Stock Exchange New York Stock Exchange 1 Details of the person discharging managerial responsibilities / person closely associated a) Name James S. Metcalf 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction Purchase of common stock of par value $0.0001 per share pursuant to independent dividend reinvestment arrangements c) Price(s) and volume(s)      1.           Price(s)           Volume(s)           $255.472         5.249      2.           Price(s)           Volume(s)           $266.81227     14.4854   USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price      1.           Volume(s)           Price(s)           Not applicable     $1,340.97      2.           Volume(s)           Price(s)           Not applicable     $3,864.88   e) Date of the transaction 2026-04-29; UTC time 2026-05-01; UTC time f) Place of the transaction New York Stock Exchange New York Stock Exchange 1 Details of the person discharging managerial responsibilities / person closely associated a) Name James Paisley 2 Reason for the notification a) Position/status Chief Digital & Information Officer b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction Purchase of common stock of par value $0.0001 per share pursuant to independent dividend reinvestment arrangements c) Price(s) and volume(s)             Price(s)           Volume(s)           $255.510         2.499   USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price             Volume(s)           Price(s)           Not applicable     $638.52   e) Date of the transaction 2026-04-29; UTC time f) Place of the transaction New York Stock Exchange   View source version on businesswire.com: https://www.businesswire.com/news/home/20260506502033/en/ Investor Inquiries:
Pete Kennedy, Vice President, Investor Relations +1 757 603 0111
Christen Rusbarsky, Director, Investor Relations +1 443 528 2533
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Christine Dwyer, Vice President, Communications and PR +1 757 469 5813 Original: Ferguson Enterprises Inc. (“Company”): Director/PDMR Shareholding

Ferguson Files Form 10-QMay 6, 2026 6:45 AM
Business Wire On May 5, 2026, Ferguson Enterprises Inc. (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 at corporate.ferguson.com/investor/financial-information/sec-filings. May 5, 2026 – Form 10-Q About Ferguson Ferguson (NYSE: FERG; LSE: FERG) is North America’s largest value-added distributor of essential water and air solutions, serving specialized professionals in our $340B residential and non-residential construction markets. We help make our customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $31.3 billion (CY’25) and approximately 35,000 associates in over 1,700 locations. For more information, please visit corporate.ferguson.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506767025/en/ For further information please contact: Investor Inquiries
Pete Kennedy
Vice President, Investor Relations
+1 757 603 0111 Christen Rusbarsky
Director, Investor Relations
+1 443 528 2533 Media Inquiries
Christine Dwyer
Vice President, Communications and PR
+1 757 469 5813 Original: Ferguson Files Form 10-Q

Contractor Commerce, Ferguson form strategic alliance to modernize buying experience for contractorsMay 5, 2026 9:39 AM
PR Newswire (US) Alliance enables contractors to turn websites into revenue-generating, AI-discoverable sales channelsLEBANON, Ohio, May 5, 2026 /PRNewswire/ -- Contractor Commerce, a leading e-commerce and online sales platform built specifically for home service contractors, has announced a new strategic alliance with Ferguson, a trusted supplier of high-quality materials for the contracting industry. The collaboration is designed to support Ferguson's contractor customers in modernizing how they sell services and how they're found online, enabling contractors to meet the expectations of today's homeowners while unlocking new revenue opportunities. Through this relationship, contractors can offer modern, self-service buying experiences directly on their websites, allowing customers to get quotes, book services, purchase equipment and enroll in memberships at any time. These capabilities help turn website traffic into booked jobs and recurring revenue, without adding operational complexity.By enabling contractors to sell directly from their websites, Contractor Commerce's platform makes it possible for contractors to maintain control over pricing, product offerings and customer relationships."For contactors, a website should be more than just an online placeholder; it's an asset that should be generating real revenue," said Paul Redman, president of Contractor Commerce. "Our strategic collaboration with Ferguson provides contractors a new avenue to drive sales and profitability online, all while providing the end customer with a smoother experience."Contractor Commerce also makes contractor websites more discoverable with AI-powered search optimization, as homeowners increasingly turning AI-driven tools to find and evaluate service providers. Visibility within these platforms is becoming essential to strengthening contractors' competitive position in the buying journey."Contractor success is at the center of everything we do, and success today means continuing to anticipate and meet changing consumer expectations," said Scott Hager, vice president of HVAC at Ferguson. "That's why it's critical that contractors have access to tools that are both powerful and practical. Contractor Commerce supports that evolution with capabilities designed for real-world application."For more information about Contractor Commerce, visit ContractorCommerce.com.About Contractor CommerceContractor Commerce is the pioneer and industry leader in providing e-commerce services for contractors, offering plug-and-play online stores for home service companies so they can grow their sales and serve customers with convenience and transparent pricing. To learn more about Contractor Commerce and its innovative solutions, visit ContractorCommerce.com.About FergusonFerguson (NYSE: FERG; LSE: FERG) is the largest value-added distributor serving the specialized professional in our $340B residential and non-residential North American construction market. We help make our customers' complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $29.6 billion (FY'24) and approximately 35,000 associates in nearly 1,800 locations. For more information, please visit corporate.ferguson.com. View original content to download multimedia:https://www.prnewswire.com/news-releases/contractor-commerce-ferguson-form-strategic-alliance-to-modernize-buying-experience-for-contractors-302762748.htmlSOURCE Contractor Commerce Original: Contractor Commerce, Ferguson form strategic alliance to modernize buying experience for contractors

Ferguson Files Form 8-KMay 5, 2026 6:45 AM
Business Wire On May 4, 2026, Ferguson Enterprises Inc. (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 at corporate.ferguson.com/investor/financial-information/sec-filings. All business conducted at the 2026 annual meeting of stockholders and referenced in the Form 8-K constitutes ordinary business for the purpose of the UK Listing Rules. May 4, 2026 – Form 8-K About Ferguson Ferguson (NYSE: FERG; LSE: FERG) is North America’s largest value-added distributor of essential water and air solutions, serving specialized professionals in our $340B residential and non-residential construction markets. We help make our customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $31.3 billion (CY’25) and approximately 35,000 associates in over 1,700 locations. For more information, please visit corporate.ferguson.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260505609302/en/ For further information please contact: Investor Inquiries
Pete Kennedy
Vice President, Investor Relations
+1 757 603 0111 Christen Rusbarsky
Director, Investor Relations
+1 443 528 2533 Media Inquiries
Christine Dwyer
Vice President, Communications and PR
+1 757 469 5813 Original: Ferguson Files Form 8-K

Ferguson Reports First Quarter Ended March 31, 2026May 5, 2026 6:45 AM
Business Wire Solid Start to the Year; Full Year Guidance Unchanged First quarter highlights Sales of $7.5 billion, increased 3.6%. Gross margin of 31.0%, up 30 bps from prior year. Operating margin of 8.2%, up 120 bps on prior year (8.7%, up 40 bps on an adjusted basis). Diluted earnings per share of $2.13, up 23.1% on prior year ($2.28 on an adjusted basis, up 9.1%). Completed two acquisitions during the quarter, one subsequent to quarter-end and signed definitive purchase agreements on another three. Declared quarterly dividend of $0.89. Share repurchases of $236 million during the quarter; and new $2 billion share repurchase program authorization. Balance sheet remains strong with net debt to adjusted EBITDA of 1.0x. Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG). Kevin Murphy, Ferguson CEO, commented, “Our associates delivered another quarter of solid results in a challenging market. We are particularly pleased with another quarter of strong non-residential revenue growth, driven by our ability to serve large capital projects. Our scale-advantaged business model and consistent cash generation enable us to invest in organic growth, consolidate our markets through acquisitions and return capital to shareholders, all while maintaining a strong balance sheet. “While the economic environment remains uncertain, we expect to continue to outperform the market by deploying scale locally while leveraging the long term growth drivers of water infrastructure, large capital projects, climate and comfort and aging and underbuilt housing. We are confident in our ability to capitalize on these growth drivers as we provide essential water and air solutions for the complex project needs of the specialized professional.” Calendar 2026 Guidance (unchanged)   2026 Guidance January 1 - December 31, 2026 Net sales Low to mid-single digit growth Adjusted operating margin* 9.4% - 9.8% Interest expense ~$200 million Capital expenditures $350 - $400 million Adjusted effective tax rate* ~26% * The Company does not reconcile forward-looking non-GAAP measures. See “Non-GAAP Reconciliations and Supplementary information”.   Three months ended March 31, Change US$ (In millions, except per share amounts) 2026 2025   Reported Adjusted(1) Reported Adjusted(1) Reported Adjusted Net sales 7,472 7,472 7,213 7,213 +3.6 % +3.6 % Gross margin 31.0 % 31.0 % 30.7 % 30.7 % +30 bps +30 bps Operating profit 612 647 507 597 +20.7 % +8.4 % Operating margin 8.2 % 8.7 % 7.0 % 8.3 % +120 bps +40 bps Earnings per share - diluted 2.13 2.28 1.73 2.09 +23.1 % +9.1 % Adjusted EBITDA   711   651   +9.2 % Net debt(1) : Adjusted EBITDA   1.0x   1.1x     (1) The Company uses certain non-GAAP measures, which are not defined or specified under U.S. GAAP. See the section titled “Non-GAAP Reconciliations and Supplementary Information.” Summary of financial results Quarter ended March 31, 2026 Net sales of $7.5 billion were 3.6% ahead of last year driven by organic revenue growth of 2.8% and acquisition growth of 0.8%. Price inflation was in the mid-single digits. Gross margin of 31.0% was 30 basis points above last year reflecting solid execution across the business. In addition, we continued to drive productivity and diligently manage the cost base. Reported operating profit was $612 million (8.2% operating margin), 20.7% ahead of last year. Adjusted operating profit of $647 million (8.7% adjusted operating margin) was 8.4% above last year. Reported diluted earnings per share was $2.13, an increase of 23.1% compared to last year, while adjusted diluted earnings per share of $2.28 increased 9.1% due to the higher adjusted operating profit and the impact of share repurchases. US - quarter ended March 31, 2026 Net sales in the US business increased by 3.5%, with organic revenue growth of 2.9% and a further 0.6% contribution from acquisitions. Residential end markets, representing approximately half of US revenue, remained challenged. New residential construction activity has been weak and repair, maintenance and improvement (“RMI”) work remains soft. We continue to outperform weak markets with residential revenue down 1% in the quarter. Although the overall non-residential market remains mixed, our scale, expertise, multi-customer group approach and value-added solutions drove strong share gains with non-residential revenue up 8% this quarter. We are pleased with the on-going large capital project activity and continue to see solid shipments with growth in open order volumes and bidding activity. Adjusted operating profit of $656 million was 7.4% or $45 million above last year. We completed two acquisitions within our Waterworks customer group during the first quarter, including: Technology Sales Associates, Inc. and Chesapeake Environmental Equipment, LLC. Subsequent to quarter-end, we acquired Carrier Great Lakes in our HVAC customer group. We also signed definitive purchase agreements for two additional HVAC acquisitions, Dealers Supply Company and New England Applied Products, as well as PRD Technologies Group within our Industrial customer group. We anticipate closing these three acquisitions during the second quarter. Collectively, these acquisitions will expand and enhance our capabilities across water and wastewater treatment, residential, commercial and applied HVAC, and industrial valves and flow control. The aggregate annualized revenue impact of these six acquisitions is approximately $350 million. Canada - quarter ended March 31, 2026 Net sales increased by 5.5%, with a 5.8% contribution from acquisitions offset by an organic decline of 0.3%. A favorable 4.6% impact from foreign exchange rates was fully offset by 4.6% from a non-core business divestment. Markets have remained subdued in Canada, particularly in residential. Adjusted operating profit of $5 million was $1 million below last year. Segment overview   Three months ended March 31,   US$ (In millions) 2026 2025 Change Net sales:       US 7,146 6,904 +3.5 % Canada 326 309 +5.5 % Total net sales 7,472 7,213 +3.6 %         Adjusted operating profit:       US 656 611 +7.4 % Canada 5 6 (16.7) % Central and other costs (14) (20)   Total adjusted operating profit 647 597 +8.4 % Financial position Net debt to adjusted EBITDA at March 31, 2026 was 1.0x and during the quarter we completed share repurchases of $236 million. Taking into account our strong financial position, the Board authorized the repurchase of up to $2.0 billion of Ferguson's outstanding common stock, replacing the company's existing repurchase program. The authorization has no expiration date. We declared a quarterly dividend of $0.89. The dividend will be paid on July 8, 2026 to stockholders of record as of May 15, 2026. London Stock Exchange listing review Ferguson is undertaking a review of its London Stock Exchange (LSE) secondary listing, the outcome of which may result in the cancellation of the Company's LSE listing. The Company anticipates completing this review during the second quarter of 2026 and will provide an update to shareholders at that time. Investor conference call and webcast A call with Kevin Murphy, CEO and Bill Brundage, CFO will commence at 8:30 a.m. ET (1:30 p.m. BST) today. The call will be recorded and available on our website after the event at corporate.ferguson.com. Dial in number US: +1 646 664 1960   UK: +44 (0) 20 3936 2999 Ask for the Ferguson call quoting 570963. To access the call via your laptop, tablet or mobile device please go to corporate.ferguson.com. If you have technical difficulties, please click the “Listen by Phone” button on the webcast player and dial the number provided. About Ferguson Ferguson (NYSE: FERG; LSE: FERG) is North America’s largest value-added distributor of essential water and air solutions, serving specialized professionals in our $340B residential and non-residential construction markets. We help make our customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $31.3 billion (CY’25) and approximately 35,000 associates in over 1,700 locations. For more information, please visit corporate.ferguson.com. Provisional financial calendar Results for period ending June 30, 2026 August 10, 2026 with call from 8:30 a.m. ET Cautionary note on forward-looking statements Certain information included in this announcement is forward-looking, including within the meaning of the Private Securities Litigation Reform Act of 1995, and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements. Forward-looking statements cover all matters which are not historical facts and include, without limitation, statements or guidance regarding or relating to our future financial position, results of operations and growth, plans and objectives for the future including our capabilities and priorities, expectations regarding global and regional economic, market and political conditions, ability to manage supply chain challenges, ability to manage the impact of product price fluctuations, the overall performance of, including demand levels for, the markets in which we operate, our acquisition pipeline and ability to achieve potential benefits from future acquisitions, capital deployment strategy, including the amount and timing of our dividends and share repurchases, investments and capital expenditures, plans regarding stock exchange listings and other statements concerning the success of our business and strategies. Forward-looking statements can be identified by the use of forward-looking terminology, including terms such as “believes,” “estimates,” “anticipates,” “expects,” “forecasts,” “guidance,” “intends,” “continues,” “plans,” “projects,” “poised,” “goal,” “target,” “aim,” “may,” “will,” “would,” “could” or “should” or, in each case, their negative or other variations or comparable terminology and other similar references to future periods. Forward-looking statements speak only as of the date on which they are made. They are not assurances of future performance and are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Therefore, you should not place undue reliance on any of these forward-looking statements. Although we believe that the forward-looking statements contained in this announcement are based on reasonable assumptions, you should be aware that many factors could cause actual results to differ materially from those contained in such forward-looking statements, including but not limited to: weakness in the economy, market trends, uncertainty and other conditions in the markets in which we operate and the macroeconomic impact of factors beyond our control (including, among others, inflation/deflation, recession, labor and wage pressures, trade restrictions such as tariffs, sanctions and retaliatory countermeasures, interest rates, and geopolitical conditions); failure to rapidly identify or effectively respond to direct and/or end customers’ wants, expectations or trends, including costs and potential problems associated with new or upgraded information technology systems or our ability to timely deploy new omni-channel capabilities; decreased demand for our products as a result of operating in highly competitive industries and the impact of declines in the residential and non-residential markets and our ability to effectively manage inventory as a result; changes in competition, including as a result of market consolidation, new entrants, vertical integration or competitors responding more quickly to emerging technologies (such as generative or agentic artificial intelligence (“AI”)); failure of a key information technology system or process as well as payment-related risks, including exposure to fraud or theft; privacy and protection of sensitive data failures, including failures due to data corruption, cybersecurity incidents, network security breaches or the use of AI; ineffectiveness of or disruption in our domestic or international supply chain or our fulfillment network, including delays in inventory availability at our distribution facilities and branches, increased delivery costs or lack of availability due to loss of key suppliers; failure to effectively manage and protect our facilities and inventory or to prevent personal injury to customers, suppliers or associates, including as a result of workplace violence; unsuccessful execution of our operational strategies, including the failure to quickly adapt our strategy to emerging technologies; failure to attract, retain and motivate key associates; exposure of associates, contractors, customers, suppliers and other individuals to health and safety risks and fleet incidents; risks associated with acquisitions, partnerships, joint ventures and other business combinations, dispositions or strategic transactions; risks associated with sales of private label products, including regulatory, product liability and reputational risks and the adverse impact such sales may have on supplier relationships and rebates; the failure to achieve and maintain a high level of product and service quality or comply with responsible sourcing standards; inability to renew leases on favorable terms or at all, as well as any remaining obligations under a lease when we close a facility; changes in, interpretations of, or compliance with tax laws and accounting standards; our access to capital, indebtedness and changes in our credit ratings and outlook; fluctuations in product prices/costs (e.g., including as a result of the use of commodity-priced materials, inflation/deflation, trade restrictions and/or failure to qualify for or maintain supplier rebates) and foreign currency; funding risks related to our defined benefit pension plans; legal proceedings in the ordinary course of our business as well as any failure to comply with domestic and foreign laws, regulations and standards, as those laws, regulations and standards or interpretations and enforcement thereof may change; the occurrence of unforeseen developments such as litigation, investigations, governmental proceedings or enforcement actions; our failure to comply with the obligations associated with being a public company listed on the New York Stock Exchange and London Stock Exchange and the costs associated therewith; the costs and risk exposure relating to sustainability matters and disclosures, including regulatory or legal requirements and disparate stakeholder expectations; and other risks and uncertainties set forth under the heading “Risk Factors” in our Transition Report on Form 10-KT for the five-month transition period ended December 31, 2025 filed with the Securities and Exchange Commission (“SEC”) on February 27, 2026 and in other filings we make with the SEC in the future. Additionally, forward-looking statements regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Other than in accordance with our legal or regulatory obligations, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Ferguson Enterprises Inc.
Non-GAAP Reconciliations and Supplementary Information
(unaudited) Non-GAAP items This announcement contains certain financial information that is not presented in conformity with U.S. GAAP. These non-GAAP financial measures include adjusted operating profit, adjusted operating margin, adjusted net income, adjusted earnings per share - diluted, adjusted EBITDA, adjusted effective tax rate, net debt and net debt to adjusted EBITDA ratio. The Company believes that these non-GAAP financial measures provide users of the Company’s financial information with additional meaningful information to assist in understanding financial results and assessing the Company’s performance from period to period. Management believes these measures are important indicators of operations because they exclude items that may not be indicative of our core operating results and provide a better baseline for analyzing trends in our underlying businesses, and they are consistent with how business performance is planned, reported and assessed internally by management and the board of directors. Such non-GAAP adjustments include amortization of acquired intangible assets, discrete tax items, and any other items that are non-recurring. Non-recurring items may include various restructuring charges, gains or losses on the disposals of businesses which by their nature do not reflect primary operations, as well as certain other items deemed non-recurring in nature and/or that are not a result of the Company’s primary operations. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. These non-GAAP financial measures should not be considered in isolation or as a substitute for results reported under U.S. GAAP. These non-GAAP financial measures reflect an additional way of viewing aspects of operations that, when viewed with U.S. GAAP results, provide a more complete understanding of the business. The Company strongly encourages investors and shareholders to review the Company’s financial statements and publicly filed reports in their entirety and not to rely on any single financial measure. The Company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable U.S. GAAP financial measures on a forward-looking basis because it is unable to predict with reasonable certainty or without unreasonable effort non-recurring items, such as those described above, that may arise in the future. The variability of these items is unpredictable and may have a significant impact. Reconciliation of Net Income to Adjusted Operating Profit and Adjusted EBITDA     Three months ended   March 31, (In millions) 2026   2025 Net income $ 414   $ 345   Provision for income taxes   146     124   Interest expense, net   45     46   Other expense (income), net   7     (8 ) Operating profit   612     507   Corporate restructuring expenses(1)   2     —   Business restructuring expenses(2)   —     51   Amortization of acquired intangibles   33     39   Adjusted Operating Profit   647     597   Depreciation & impairment of PP&E   58     47   Amortization of non-acquired intangibles   6     7   Adjusted EBITDA $ 711   $ 651   (1) For the three months ended March 31, 2026, corporate restructuring expenses primarily related to incremental costs in connection with transition activities following the establishment of our parent company’s domicile in the United States. (2) For the three months ended March 31, 2025, business restructuring expenses primarily related to the Company’s implementation of targeted actions to streamline operations, enhancing speed and efficiency to better serve customers and drive further profitable growth. Net Debt : Adjusted EBITDA Reconciliation To assess the appropriateness of its capital structure, the Company’s principal measure of financial leverage is net debt to adjusted EBITDA. The Company aims to operate with investment grade credit metrics and keep this ratio within one to two times. Net debt Net debt comprises bank overdrafts, bank and other loans and derivative financial instruments, excluding lease liabilities, less cash and cash equivalents. Long-term debt is presented net of debt issuance costs.   As of March 31, (In millions) 2026   2025 Long-term debt $3,979   $3,500 Short-term debt 148   400 Bank overdrafts(1) —   4 Derivative liabilities 2   4 Cash and cash equivalents (820)   (596) Net debt $3,309   $3,312 (1) Bank overdrafts are included in other current liabilities in the Company’s Consolidated Balance Sheets. Adjusted EBITDA (Rolling 12-month) Adjusted EBITDA is net income before charges/credits relating to depreciation, amortization, impairment and certain non-GAAP adjustments. A rolling 12-month adjusted EBITDA is used in the net debt to adjusted EBITDA ratio to assess the appropriateness of the Company’s financial leverage.   Twelve months ended (In millions, except ratios) March 31,   2026   2025 Net income $ 2,075   $ 1,592   Provision for income taxes   600     691   Interest expense, net   189     184   Other expense (income), net   30     (5 ) Restructuring activities(1)   25     63   Depreciation and amortization   384     360   Adjusted EBITDA $ 3,303   $ 2,885   Net Debt: Adjusted EBITDA   1.0x   1.1x (1) For the rolling twelve months ended March 31, 2026 and 2025, restructuring expenses primarily related to the Company’s implementation of targeted actions to streamline operations, enhancing speed and efficiency to better serve customers and drive further profitable growth, including a gain on the sale of a closed distribution center in November 2025, as well as incremental costs in connection with transition activities following the establishment of our parent company’s domicile in the United States. Reconciliation of Net Income to Adjusted Net Income and Adjusted EPS - Diluted     Three months ended   March 31, (In millions, except per share amounts) 2026   2025       per share(1)       per share(1) Net income $ 414     $ 2.13     $ 345     $ 1.73   Corporate restructuring expenses(2)   2       0.01       —       —   Business restructuring expenses(3)   —       —       51       0.26   Amortization of acquired intangibles   33       0.17       39       0.20   Discrete tax adjustments(4)   4       0.02       3       0.02   Tax impact-non-GAAP adjustments(5)   (9 )     (0.05 )     (23 )     (0.12 ) Adjusted net income $ 444     $ 2.28     $ 415     $ 2.09                   Diluted weighted-average shares outstanding   194.8       199.0   (1) Per share on a dilutive basis. (2) For the three months ended March 31, 2026, corporate restructuring expenses primarily related to incremental costs in connection with transition activities following the establishment of our parent company’s domicile in the United States. (3) For the three months ended March 31, 2025, business restructuring expenses primarily related to the Company’s implementation of targeted actions to streamline operations, enhancing speed and efficiency to better serve customers and drive further profitable growth. (4) For the three months ended March 31, 2026 and 2025, discrete tax adjustments were mainly related to interest on uncertain tax positions. (5) For the three months ended March 31, 2026, the tax impact on non-GAAP adjustments primarily related to the amortization of acquired intangibles. For the three months ended March 31, 2025, the tax impact on non-GAAP adjustments related to the restructuring expenses and the amortization of acquired intangibles. Ferguson Enterprises Inc. Condensed Consolidated Statements of Earnings (unaudited)     Three months ended   March 31, (In millions, except per share amounts)   2026       2025   Net sales $ 7,472     $ 7,213   Cost of sales   (5,154 )     (4,997 ) Gross profit   2,318       2,216   Selling, general and administrative expenses   (1,607 )     (1,565 ) Restructuring expenses   (2 )     (51 ) Depreciation and amortization   (97 )     (93 ) Operating profit   612       507   Interest expense, net   (45 )     (46 ) Other (expense) income, net   (7 )     8   Income before income taxes   560       469   Provision for income taxes   (146 )     (124 ) Net income $ 414     $ 345           Earnings per share - Basic $ 2.13     $ 1.74           Earnings per share - Diluted $ 2.13     $ 1.73           Weighted average number of shares outstanding:       Basic   194.6       198.8   Diluted   194.8       199.0   Ferguson Enterprises Inc. Condensed Consolidated Balance Sheets (unaudited)     As of (In millions) March 31, 2026   December 31, 2025 Assets       Cash and cash equivalents $ 820   $ 557 Accounts receivable, net   3,669     3,312 Inventories   4,676     4,588 Prepaid and other current assets   961     1,031 Assets held for sale   39     48 Total current assets   10,165     9,536 Property, plant and equipment, net   1,931     1,911 Operating lease right-of-use assets   1,893     1,832 Deferred income taxes, net   125     165 Goodwill   2,481     2,470 Other non-current assets   1,194     1,238 Total assets $ 17,789   $ 17,152         Liabilities and stockholders’ equity       Accounts payable $ 3,677   $ 3,117 Other current liabilities   2,021     2,008 Total current liabilities   5,698     5,125 Long-term debt   3,979     3,978 Long-term portion of operating lease liabilities   1,489     1,436 Other long-term liabilities   749     756 Total liabilities   11,915     11,295 Total stockholders' equity   5,874     5,857 Total liabilities and stockholders' equity $ 17,789   $ 17,152 Ferguson Enterprises Inc. Condensed Consolidated Statements of Cash Flows (unaudited)   (In millions) Three months ended March 31,   2026       2025   Cash flows from operating activities:       Net income $ 414     $ 345   Depreciation and amortization   97       93   Share-based compensation   16       9   Changes in inventories   (92 )     (54 ) Changes in receivables and other assets   (275 )     (121 ) Changes in accounts payable and other liabilities   543       656   Other operating activities   69       (54 ) Net cash provided by operating activities   772       874   Cash flows from investing activities:       Purchase of businesses acquired, net of cash acquired   (10 )     (150 ) Capital expenditures   (92 )     (73 ) Other investing activities   8       12   Net cash used in investing activities   (94 )     (211 ) Cash flows from financing activities:       Purchase of treasury shares   (236 )     (207 ) Net change in debt and bank overdrafts   —       (419 ) Cash dividends   (174 )     (166 ) Other financing activities   (3 )     (22 ) Net cash used in financing activities   (413 )     (814 ) Change in cash, cash equivalents and restricted cash   265       (151 ) Effects of exchange rate changes   (2 )     9   Cash, cash equivalents and restricted cash, beginning of period   581       773   Cash, cash equivalents and restricted cash, end of period $ 844     $ 631     View source version on businesswire.com: https://www.businesswire.com/news/home/20260505616731/en/ For further information please contact Investor relations
Pete Kennedy, Vice President Investor Relations
Mobile: +1 757 603 0111 Christen Rusbarsky, Director of Investor Relations
Mobile: +1 443 528 2533 Media inquiries
Christine Dwyer, Vice President of Communications and PR
Mobile: +1 757 469 5813 Original: Ferguson Reports First Quarter Ended March 31, 2026

Ferguson Enterprises Inc. (“Company”): Director/PDMR ShareholdingMay 5, 2026 6:45 AM
Business Wire NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN COMMON STOCK OF PAR VALUE $0.0001 EACH IN THE COMPANY (“Shares”) Vesting of restricted stock units under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan (“Omnibus Plan”) The restricted stock units granted under the Omnibus Plan on December 10, 2025, automatically vested on April 30, 2026, as set out in the table below: Director No. of Shares vesting No. of dividend equivalent Shares accrued Total no. of Shares vesting after any withholding for tax G Drabble 323 3 228 R Agrawal 331 2 333 K Baker 331 2 333 R Beckwitt 331 2 333 C Halligan 331 2 333 B May 323 3 228 J Metcalf 331 2 333 A Murray 331 2 333 S Wood 331 2 333   The restricted stock units were subject to a dividend equivalent accrual. All Shares were released for nil consideration. The attached notifications, which have been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provide further detail. 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Geoff Drabble 2 Reason for the notification a) Position/status Board Chair b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction The automatic vesting of restricted stock units granted in December 2025 under the Omnibus Plan (including dividend equivalents arising from the vesting and after withholding for tax) c) Price(s) and volume(s)   Price(s)  Volume(s) £0.00     228     GBP – British Pound d) Aggregated information   - Aggregated volume   - Price     Not applicable   £0.00 e) Date of the transaction 2026-04-30; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Rekha Agrawal 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction The automatic vesting of restricted stock units granted in December 2025 under the Omnibus Plan (including dividend equivalents arising from the vesting) c) Price(s) and volume(s)   Price(s)   Volume(s) $0.00      333     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-04-30; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Kelly Baker 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction The automatic vesting of restricted stock units granted in December 2025 under the Omnibus Plan (including dividend equivalents arising from the vesting) c) Price(s) and volume(s)   Price(s)   Volume(s) $0.00      333     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-04-30; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Richard Beckwitt 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction The automatic vesting of restricted stock units granted in December 2025 under the Omnibus Plan (including dividend equivalents arising from the vesting) c) Price(s) and volume(s)   Price(s)    Volume(s) $0.00       333     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-04-30; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Catherine Halligan 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction The automatic vesting of restricted stock units granted in December 2025 under the Omnibus Plan (including dividend equivalents arising from the vesting) c) Price(s) and volume(s)   Price(s)    Volume(s) $0.00       333     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-04-30; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Brian May 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction The automatic vesting of restricted stock units granted in December 2025 under the Omnibus Plan (including dividend equivalents arising from the vesting and after withholding for tax) c) Price(s) and volume(s)   Price(s)    Volume(s) £0.00       228     GBP – British Pound d) Aggregated information   - Aggregated volume   - Price     Not applicable   £0.00 e) Date of the transaction 2026-04-30; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name James S. Metcalf 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction The automatic vesting of restricted stock units granted in December 2025 under the Omnibus Plan (including dividend equivalents arising from the vesting) c) Price(s) and volume(s)   Price(s)    Volume(s) $0.00       333     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-04-30; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Alan Murray 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction The automatic vesting of restricted stock units granted in December 2025 under the Omnibus Plan (including dividend equivalents arising from the vesting) c) Price(s) and volume(s)   Price(s)    Volume(s) $0.00       333     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-04-30; UTC time f) Place of the transaction Outside a Trading Venue 1 Details of the person discharging managerial responsibilities / person closely associated a) Name Suzanne Wood 2 Reason for the notification a) Position/status Director b) Initial/Amendment notification Initial notification 3 Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor a) Name Ferguson Enterprises Inc. b) LEI 2138003JYQMRP3SLX189 4 Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted a) Description of the financial instrument, type of instrument   Identification code Common stock of par value $0.0001 per share       ISIN: US31488V1070 b) Nature of the transaction The automatic vesting of restricted stock units granted in December 2025 under the Omnibus Plan (including dividend equivalents arising from the vesting) c) Price(s) and volume(s)   Price(s)    Volume(s) $0.00       333     USD - United States Dollar d) Aggregated information   - Aggregated volume   - Price     Not applicable   $0.00 e) Date of the transaction 2026-04-30; UTC time f) Place of the transaction Outside a Trading Venue   View source version on businesswire.com: https://www.businesswire.com/news/home/20260505337377/en/ Investor Inquiries:
Pete Kennedy, Vice President Investor Relations +1 757 603 0111
Christen Rusbarsky, Director, Investor Relations +1 443 528 2533 Media Inquiries:
Christine Dwyer, Vice President Communications and PR +1 757 469 5813 Original: Ferguson Enterprises Inc. (“Company”): Director/PDMR Shareholding

Ferguson Declares DividendApril 30, 2026 4:15 PM
Business Wire
On April 30, 2026, the Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) board of directors declared a dividend of $0.89 per share. The timetable for payment of the dividend is as follows:




Ex-dividend date:







May 15, 2026








Record date:







May 15, 2026








Currency election deadline for Depositary Interest holders:







June 11, 2026








Payment date:







July 8, 2026







The completion of cross-border movements of shares between the U.K. and the U.S. is contingent upon the receiving broker identifying and acknowledging any such movements. Where a cross-border movement of shares has been initiated but not completed by the relevant dividend record date (being May 15, 2026 for this dividend), there is a risk that the dividend in respect of such shares will not be received on the dividend payment date. Accordingly, shareholders are advised not to initiate any cross-border movements of shares during the period from May 13, 2026 through May 15, 2026 inclusive.


The identification code (ISIN) for shares in Ferguson Enterprises Inc. is US31488V1070. Further details can be found on our website at Investors, Shareholder Center, Dividends / Dividend History.


About Ferguson


Ferguson (NYSE: FERG; LSE: FERG) is North America’s largest value-added distributor of essential water and air solutions, serving specialized professionals in our $340B residential and non-residential construction markets. We help make our customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $31.3 billion (CY’25) and approximately 35,000 associates in over 1,700 locations. For more information, please visit corporate.ferguson.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260430918927/en/
For further information please contact:

Investor Inquiries

Pete Kennedy

Vice President, Investor Relations

+1 757 603 0111




Christen Rusbarsky

Director, Investor Relations

+1 443 528 2533




Media Inquiries

Christine Dwyer

Vice President, Communications and PR

+1 757 469 5813


Original: Ferguson Declares Dividend

Ferguson to Issue First Quarter Results And Host Conference Call on May 5, 2026April 21, 2026 6:45 AM
Business Wire
Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) announces today that it will issue its first quarter results on Tuesday, May 5, 2026. The results will be available on Ferguson’s website at corporate.ferguson.com at 6:45 a.m. ET/11:45 a.m. BST.


A conference call and webcast of the analyst and investor presentation will be broadcast at 8:30 a.m. ET/1:30 p.m. BST on the same day. Participants can register for the webcast at corporate.ferguson.com.


A slide presentation that accompanies the event will be available 15 minutes prior to the start time at corporate.ferguson.com on the Events, Results and Reports page under the Investors tab. An archived version of the webcast and slide presentation will be available for 12 months after the live event.


About Ferguson


Ferguson (NYSE: FERG; LSE: FERG) is North America’s largest value-added distributor of essential water and air solutions, serving specialized professionals in our $340B residential and non-residential construction markets. We help make our customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $31.3 billion (CY’25) and approximately 35,000 associates in over 1,700 locations. For more information, please visit corporate.ferguson.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260421398727/en/
Investor Inquiries

Pete Kennedy

Vice President, Investor Relations

+1 757 603 0111

Christen Rusbarsky

Director, Investor Relations

+1 443 528 2533


Media Inquiries

Christine Dwyer

Vice President, Communications and Public Relations

+1 757 469 5813


Original: Ferguson to Issue First Quarter Results And Host Conference Call on May 5, 2026

Ferguson Enterprises Inc.: Notice of Dividend Currency Exchange RateApril 13, 2026 6:45 AM
Business Wire
NOTICE OF DIVIDEND CURRENCY EXCHANGE RATE FOR HOLDERS OF DEPOSITARY INTERESTS


On February 18, 2026, Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) announced its intention to pay a dividend of $0.89 per share. The dividend will be paid on April 30, 2026, to stockholders of record as of the close of business on March 6, 2026.


Holders of Depositary Interests, being participants within CREST, will receive pounds sterling (“GBP”) as the default currency unless an election is made for payment in an alternative currency. Further details can be found at Ferguson - Investors - Shareholder Center - Dividends / Dividend History. Set out below is the currency exchange rate for holders of Depositary Interests who will receive the dividend in GBP:




Dividend declared in USD






Exchange rate (GBP/USD)








$0.89 per share






1.3438







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413178252/en/
Investor Inquiries:

Brian Lantz, Vice President IR and Communications +1 224 285 2410

Pete Kennedy, Vice President Investor Relations +1 757 603 0111


Media Inquiries:

Christine Dwyer, Vice President Communications and PR +1 757 469 5813


Original: Ferguson Enterprises Inc.: Notice of Dividend Currency Exchange Rate

Teacher Retention Improves in Newport News Public Schools through Accelerating Change Together (ACT) GrantMarch 17, 2026 10:07 AM
PR Newswire (US)

NEWPORT NEWS, Va., March 17, 2026 /PRNewswire/ -- In classrooms across Newport News, new teachers are finding the support they need to thrive thanks to the Accelerating Change Together (ACT) Grant—a dynamic partnership between the BayPort Foundation, Ferguson, Newport News Shipbuilding (a division of HII), and Virginia Natural Gas. In December 2024, the $500,000 grant was awarded to the Newport News Education Foundation (NNEF) to strengthen the Newport News Public Schools (NNPS) New Teacher Institute (NTI), the division's expanded teacher support strategy.







With nearly 30% of NNPS classroom teachers in their first three years of service, the division is confronting nationwide education workforce trends, including increased retirements, declining enrollment in teacher preparation programs, and greater demand for alternative licensure pathways. In response, NNPS has strengthened and expanded its NTI program to better support and retain new educators. The NTI is a two-year program that welcomes new educators into the NNPS school division through mentorship, training, and community engagement. With ACT Grant support, the NTI set an ambitious goal to reduce turnover among novice teachers—those with five years of experience or less—by 20%. After just one year, the results were impressive. Baseline data from 2023–2024 showed a novice teacher turnover rate of 36%. By the 2024–2025 school year, that rate dropped dramatically to 16%, demonstrating the program's immediate and transformative impact on teacher retention."We are truly grateful to BayPort, Ferguson, Newport News Shipbuilding, and Virginia Natural Gas for their investment in our new teacher institute. The ACT Grant funds provide essential training, support, and resources for new educators, enhancing their effectiveness in the classroom and boosting retention," said Dr. Michele Mitchell, Superintendent of Newport News Public Schools.The ACT Grant contributions committee expressed that supporting this institute is vital for developing a strong and sustainable educational system. By investing in teachers, the program helps create better opportunities for students across Virginia's workforce.In the first year of a three-year, step-down grant, NNPS invested in professional development that delivers "just-in-time" support and job-embedded learning aligned to each teachers' grade levels and subject areas. The program's success is made possible by dedicated substitute coverage allowing teachers to engage in full-day training and coaching. The NTI also offers targeted professional development, including the innovative iTeach licensure pathway to support new educators' success.The ACT Grant initiative was launched in 2022, with the first recipient being the Virginia Beach Education Foundation and Virginia Beach City Public Schools (VBCPS), which received funding for a new two-year, half-day Advanced Technology Center Renewable Energy Technologies program. For additional information on the ACT Grant, please visit actgrant.org.About BayPort Foundation
BayPort Foundation is the charitable arm of BayPort Credit Union, headquartered in Newport News, Virginia and was established to extend the credit union's philosophy of "people helping people." The Foundation is an extension of the credit union's charitable giving. BayPort Credit Union commits more than half a million dollars in annual corporate donations and pays all the Foundation's overhead to ensure that 100% of the Foundation donations support its mission. For more information, visit bayportfoundation.org.About Ferguson
Ferguson (NYSE: FERG; LSE: FERG) is the largest value-added distributor serving the water and air specialized professional in our $340B residential and non-residential North American construction market. We help make our customers' complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $30.8 billion (FY25) and approximately 35,000 associates in over 1,700 locations. For more information, please visit corporate.ferguson.com. About HII
HII is America's largest shipbuilder, delivering the world's most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world. With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII's workforce is 44,000 strong. For more information, please visit HII.comAbout Virginia Natural Gas
Virginia Natural Gas is one of four natural gas distribution companies of Southern Company Gas, a wholly owned subsidiary of Southern Company (NYSE: SO). Virginia Natural Gas provides natural gas service to nearly 300,000 customers in southeast Virginia. Named a Top Workplace in 2024, Virginia Natural Gas also has been recognized as one of the safest, most reliable and customer-focused natural gas service providers and is consistently ranked in the top quartile for customer satisfaction by J.D. Power and Associates. For more information, visit virginianaturalgas.com. 



View original content to download multimedia:https://www.prnewswire.com/news-releases/teacher-retention-improves-in-newport-news-public-schools-through-accelerating-change-together-act-grant-302716106.htmlSOURCE BayPort Credit Union

Original: Teacher Retention Improves in Newport News Public Schools through Accelerating Change Together (ACT) Grant

Ferguson Enterprises Inc. (“Company”): Director/PDMR ShareholdingMarch 17, 2026 6:45 AM
Business Wire
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN COMMON STOCK OF PAR VALUE $0.0001 EACH IN THE COMPANY (“Shares”)


Awards made under the Ferguson Enterprises Inc. 2023 Omnibus Equity Incentive Plan (“Omnibus Plan”)


On March 12, 2026, the Company granted Performance Awards, Restricted Stock Unit Awards and Non-Qualified Stock Option Awards under the Omnibus Plan. Details of the vesting criteria and performance conditions attached to the awards will be disclosed at the appropriate time in the relevant public disclosures required to be made by the Company.


The attached notifications, which have been made in accordance with the requirements of the EU Market Abuse Regulation (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018), provide further details.




1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






Kevin Murphy








2






Reason for the notification








a)






Position/status






President & Chief Executive Officer








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




Identification code






Common stock of par value $0.0001 per share




 




 




ISIN: US31488V1070








b)






Nature of the transaction






1. A grant of Restricted Stock Units under the Omnibus Plan




2. A grant of Performance Stock Units under the Omnibus Plan




3. A grant of Non-Qualified Stock Options under the Omnibus Plan








c)






Price(s) and volume(s)






1. Grant of Restricted Stock Units




Price(s) Volume(s)




    $0.00     13,923




2. Grant of Performance Stock Units




    Price(s) Volume(s)




    $0.00    46,410




3. Grant of Non-Qualified Stock Options




    Price(s) Volume(s)




    $0.00     28,582




USD - US Dollars




 








d)






Aggregated information




 




- Aggregated volume




 




- Price






1. Grant of Restricted Stock Units




    Volume(s)        Price(s)




            Not applicable $0.00




2. Grant of Performance Stock Units




            Volume(s)        Price(s)




            Not applicable $0.00




3. Grant of Non-Qualified Stock Options




            Volume(s)       Price(s)




            Not applicable $0.00




 








e)






Date of the transaction






1. 2026-03-12; UTC time




2. 2026-03-12; UTC time




3. 2026-03-12; UTC time








f)






Place of the transaction






1. Outside a Trading Venue




2. Outside a Trading Venue




3. Outside a Trading Venue









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






William Brundage








2






Reason for the notification








a)






Position/status






Chief Financial Officer








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




Identification code






Common stock of par value $0.0001 per share




 




 




ISIN: US31488V1070








b)






Nature of the transaction






1. A grant of Restricted Stock Units under the Omnibus Plan




2. A grant of Performance Stock Units under the Omnibus Plan




3. A grant of Non-Qualified Stock Options under the Omnibus Plan








c)






Price(s) and volume(s)






1. Grant of Restricted Stock Units




    Price(s) Volume(s)




    $0.00     4,015




2. Grant of Performance Stock Units




    Price(s) Volume(s)




    $0.00    13,382




3. Grant of Non-Qualified Stock Options




    Price(s) Volume(s)




    $0.00     8,242




USD - US Dollars








d)






Aggregated information




 




- Aggregated volume




 




- Price






1. Grant of Restricted Stock Units




    Volume(s)       Price(s)




    Not applicable $0.00




2. Grant of Performance Stock Units




    Volume(s)       Price(s)




    Not applicable $0.00




3. Grant of Non-Qualified Stock Options




    Volume(s)       Price(s)




    Not applicable $0.00




 








e)






Date of the transaction






1. 2026-03-12; UTC time




2. 2026-03-12; UTC time




3. 2026-03-12; UTC time








f)






Place of the transaction






1. Outside a Trading Venue




2. Outside a Trading Venue




3. Outside a Trading Venue









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






Robert Camposano








2






Reason for the notification








a)






Position/status






Senior Vice President








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




Identification code






Common stock of par value $0.0001 per share




 




 




ISIN: US31488V1070








b)






Nature of the transaction






1. A grant of Restricted Stock Units under the Omnibus Plan




2. A grant of Performance Stock Units under the Omnibus Plan




3. A grant of Non-Qualified Stock Options under the Omnibus Plan








c)






Price(s) and volume(s)






1. Grant of Restricted Stock Units




     Price(s) Volume(s)




     $0.00    1,942




2. Grant of Performance Stock Units




     Price(s) Volume(s)




     $0.00     6,474




3. Grant of Non-Qualified Stock Options




     Price(s) Volume(s)




     $0.00     3,988




USD - US Dollars




 








d)






Aggregated information




 




- Aggregated volume




 




- Price






1. Grant of Restricted Stock Units




    Volume(s) Price(s)




    Not applicable $0.00




2. Grant of Performance Stock Units




    Volume(s) Price(s)




    Not applicable $0.00




3. Grant of Non-Qualified Stock Options




    Volume(s) Price(s)




Not applicable $0.00




 








e)






Date of the transaction






1. 2026-03-12; UTC time




2. 2026-03-12; UTC time




3. 2026-03-12; UTC time




 








f)






Place of the transaction






1. Outside a Trading Venue




2. Outside a Trading Venue




3. Outside a Trading Venue









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






Ian Graham








2






Reason for the notification








a)






Position/status






Chief Legal Officer & Corporate Secretary








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




Identification code






Common stock of par value $0.0001 per share




 




 




ISIN: US31488V1070








b)






Nature of the transaction






1. A grant of Restricted Stock Units under the Omnibus Plan




2. A grant of Performance Stock Units under the Omnibus Plan




3. A grant of Non-Qualified Stock Options under the Omnibus Plan








c)






Price(s) and volume(s)






1. Grant of Restricted Stock Units




    Price(s) Volume(s)




    $0.00     1,942




2. Grant of Performance Stock Units




    Price(s) Volume(s)




    $0.00     6,474




3. Grant of Non-Qualified Stock Options




     Price(s) Volume(s)




     $0.00     3,988




USD - US Dollars








d)






Aggregated information




 




- Aggregated volume




 




- Price






1. Grant of Restricted Stock Units




     Volume(s)       Price(s)




     Not applicable $0.00




2. Grant of Performance Stock Units




     Volume(s)       Price(s)




     Not applicable $0.00




3. Grant of Non-Qualified Stock Options




     Volume(s)       Price(s)




     Not applicable $0.00




 








e)






Date of the transaction






1. 2026-03-12; UTC time




2. 2026-03-12; UTC time




3. 2026-03-12; UTC time








f)






Place of the transaction






1. Outside a Trading Venue




2. Outside a Trading Venue




3. Outside a Trading Venue









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






James Paisley








2






Reason for the notification








a)






Position/status






Chief Digital & Information Officer








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




Identification code






Common stock of par value $0.0001 per share




 




 




ISIN: US31488V1070








b)






Nature of the transaction






1. A grant of Restricted Stock Units under the Omnibus Plan




2. A grant of Performance Stock Units under the Omnibus Plan




3. A grant of Non-Qualified Stock Options under the Omnibus Plan








c)






Price(s) and volume(s)






1. Grant of Restricted Stock Units




    Price(s) Volume(s)




    $0.00    1,780




2. Grant of Performance Stock Units




    Price(s) Volume(s)




    $0.00     5,936




3. Grant of Non-Qualified Stock Options




    Price(s) Volume(s)




    $0.00     3,655




USD - US Dollars








d)






Aggregated information




 




- Aggregated volume




 




- Price






1. Grant of Restricted Stock Units




    Volume(s)       Price(s)




    Not applicable $0.00




2. Grant of Performance Stock Units




    Volume(s)       Price(s)




    Not applicable $0.00




3. Grant of Non-Qualified Stock Options




     Volume(s)       Price(s)




     Not applicable $0.00




 








e)






Date of the transaction






1. 2026-03-12; UTC time




2. 2026-03-12; UTC time




3. 2026-03-12; UTC time








f)






Place of the transaction






1. Outside a Trading Venue




2. Outside a Trading Venue




3. Outside a Trading Venue









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






Jake Schlicher








2






Reason for the notification








a)






Position/status






Chief Strategy Officer








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




Identification code






Common stock of par value $0.0001 per share




 




 




ISIN: US31488V1070








b)






Nature of the transaction






1. A grant of Restricted Stock Units under the Omnibus Plan




2. A grant of Performance Stock Units under the Omnibus Plan




3. A grant of Non-Qualified Stock Options under the Omnibus Plan








c)






Price(s) and volume(s)






1. Grant of Restricted Stock Units




    Price(s) Volume(s)




    $0.00     2,266




2. Grant of Performance Stock Units




    Price(s) Volume(s)




    $0.00     7,554




3. Grant of Non-Qualified Stock Options




    Price(s) Volume(s)




    $0.00     4,653




USD - US Dollars








d)






Aggregated information




 




- Aggregated volume




 




- Price






1. Grant of Restricted Stock Units




    Volume(s)       Price(s)




    Not applicable $0.00




2. Grant of Performance Stock Units




    Volume(s)       Price(s)




    Not applicable $0.00




3. Grant of Non-Qualified Stock Options




    Volume(s)       Price(s)




    Not applicable $0.00




 








e)






Date of the transaction






1. 2026-03-12; UTC time




2. 2026-03-12; UTC time




3. 2026-03-12; UTC time








f)






Place of the transaction






1. Outside a Trading Venue




2. Outside a Trading Venue




3. Outside a Trading Venue









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






Allison Stirrup








2






Reason for the notification








a)






Position/status






Chief Human Resources Officer








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




Identification code






Common stock of par value $0.0001 per share




 




 




ISIN: US31488V1070








b)






Nature of the transaction






1. A grant of Restricted Stock Units under the Omnibus Plan




2. A grant of Performance Stock Units under the Omnibus Plan




3. A grant of Non-Qualified Stock Options under the Omnibus Plan








c)






Price(s) and volume(s)






1. Grant of Restricted Stock Units




    Price(s) Volume(s)




    $0.00     1,780




2. Grant of Performance Stock Units




    Price(s) Volume(s)




    $0.00     5,936




3.Grant of Non-Qualified Stock Options




    Price(s) Volume(s)




    $0.00     3,655




USD - US Dollars








d)






Aggregated information




 




- Aggregated volume




 




- Price






1. Grant of Restricted Stock Units




    Volume(s)       Price(s)




    Not applicable $0.00




2. Grant of Performance Stock Units




    Volume(s)        Price(s)




    Not applicable $0.00




3. Grant of Non-Qualified Stock Options




     Volume(s)       Price(s)




     Not applicable $0.00




 








e)






Date of the transaction






1. 2026-03-12; UTC time




2. 2026-03-12; UTC time




3. 2026-03-12; UTC time








f)






Place of the transaction






1. Outside a Trading Venue




2. Outside a Trading Venue




3. Outside a Trading Venue









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






Matthew Stirrup








2






Reason for the notification








a)






Position/status






This notification concerns a person closely associated with a person discharging managerial responsibilities. The relevant person discharging managerial responsibilities being Allison Stirrup, Chief Human Resources Officer








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




Identification code






Common stock of par value $0.0001 per share




 




 




ISIN: US31488V1070








b)






Nature of the transaction






A grant of Restricted Stock Units under the Omnibus Plan








c)






Price(s) and volume(s)






 




Price(s) Volume(s)




$0.00 189




USD - US Dollars








d)






Aggregated information




 




- Aggregated volume




 




- Price






 




Volume(s) Price(s)




Not applicable $0.00




 








e)






Date of the transaction






2026-03-12; UTC time








f)






Place of the transaction






Outside a Trading Venue









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






William Thees








2






Reason for the notification








a)






Position/status






Chief Operating Officer








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




Identification code






Common stock of par value $0.0001 per share




 




 




ISIN: US31488V1070








b)






Nature of the transaction






1. A grant of Restricted Stock Units under the Omnibus Plan




2. A grant of Performance Stock Units under the Omnibus Plan




3. A grant of Non-Qualified Stock Options under the Omnibus Plan








c)






Price(s) and volume(s)






1. Grant of Restricted Stock Units




     Price(s) Volume(s)




     $0.00     2,266




2. Grant of Performance Stock Units




     Price(s) Volume(s)




     $0.00     7,554




3. Grant of Non-Qualified Stock Options




     Price(s) Volume(s)




     $0.00     4,653




USD - US Dollars








d)






Aggregated information




 




- Aggregated volume




 




- Price






1. Grant of Restricted Stock Units




    Volume(s)       Price(s)




    Not applicable $0.00




2. Grant of Performance Stock Units




    Volume(s)       Price(s)




    Not applicable $0.00




3. Grant of Non-Qualified Stock Options




     Volume(s)       Price(s)




     Not applicable $0.00




 








e)






Date of the transaction






1. 2026-03-12; UTC time




2. 2026-03-12; UTC time




3. 2026-03-12; UTC time








f)






Place of the transaction






1. Outside a Trading Venue




2. Outside a Trading Venue




3. Outside a Trading Venue









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






Richard Winckler








2






Reason for the notification








a)






Position/status






Chief Accounting Officer








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




Identification code






Common stock of par value $0.0001 per share




 




 




ISIN: US31488V1070








b)






Nature of the transaction






1. A grant of Restricted Stock Units under the Omnibus Plan




2. A grant of Performance Stock Units under the Omnibus Plan








c)






Price(s) and volume(s)






1. Grant of Restricted Stock Units




    Price(s) Volume(s)




    $0.00     819




2. Grant of Performance Stock Units




    Price(s) Volume(s)




    $0.00     1,638




USD - US Dollars








d)






Aggregated information




 




- Aggregated volume




 




- Price






1. Grant of Restricted Stock Units




     Volume(s)       Price(s)




     Not applicable $0.00




2. Grant of Performance Stock Units




    Volume(s)       Price(s)




    Not applicable $0.00




 








e)






Date of the transaction






1. 2026-03-12; UTC time




2. 2026-03-12; UTC time








f)






Place of the transaction






1. Outside a Trading Venue




2. Outside a Trading Venue







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260317675908/en/
Investor Inquiries:

Brian Lantz, Vice President IR and Communications +1 224 285 2410

Pete Kennedy, Vice President of Investor Relations +1 757 603 0111


Media Inquiries:

Christine Dwyer, Vice President Communications and PR +1 757 469 5813


Original: Ferguson Enterprises Inc. (“Company”): Director/PDMR Shareholding

Ferguson Files Definitive Proxy Materials and Transition ReportMarch 16, 2026 7:30 AM
Business Wire
On March 16, 2026, Ferguson Enterprises Inc. (the "Company") filed a Definitive Proxy Statement, Definitive Additional Proxy Soliciting Material and Transition Report to Security Holders with the U.S. Securities and Exchange Commission ("SEC"). The filings are available on the SEC's website at sec.gov and on the SEC Filings page of the Company’s website at corporate.ferguson.com.


March 16, 2026 – Definitive Proxy Statement (DEF 14A)


March 16, 2026 – Definitive Additional Proxy Soliciting Material (DEFA14A)


March 16, 2026 - Transition Report to Security Holders (ARS)


Annual Meeting


The Company’s 2026 annual meeting of stockholders (“Annual Meeting”) will be a virtual meeting held at 4:00 p.m. Eastern Time on Thursday, April 30, 2026. Details on how to attend and participate in the Annual Meeting can be found in the Notice of Annual Meeting and Proxy Statement.


The Company has elected to utilize the SEC rules that allow us to provide shareholders access to our proxy materials over the internet. Beginning on March 16, 2026, we mailed to our shareholders a Notice of Internet Availability of Proxy Materials (the “Notice of Internet Availability”) containing instructions regarding how to access the Company’s Transition Report for the period August 1, 2025 to December 31, 2025 (the “Transition Report”) and Notice of Annual Meeting and Proxy Statement online. The Notice of Internet Availability also contains instructions regarding how shareholders can elect to receive these proxy materials in printed form by mail or electronically by email.


Copies of the Notice of Internet Availability, Transition Report, Notice of Annual Meeting and Proxy Statement and form of proxy have been submitted to the National Storage Mechanism and will be made available for inspection at data.fca.org.uk/#/nsm/nationalstoragemechanism.


The expected timetable for the Annual Meeting is set out below:




ANNUAL MEETING TIMETABLE






 






2026








Record date for shareholders and U.K. Depositary Interest Holders to attend and vote at the Annual Meeting






 






March 3








Latest time and date for receipt of votes by Form of Instruction (U.K. Depositary Interest Holders)






 






April 27 (3:00 p.m. BST)








Latest time and date for receipt of votes by proxy (registered shareholders)






 






April 29 (11:59 p.m. ET)








Annual Meeting






 






April 30 (4:00 p.m. ET)







If any of the above times and/or dates change, the revised times and/or dates will be notified by an announcement to a Regulatory Information Service.


About Ferguson


Ferguson (NYSE: FERG; LSE: FERG) is North America’s largest value-added distributor of essential water and air solutions, serving specialized professionals in our $340B residential and non-residential construction markets. We help make our customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $31.3 billion (CY’25) and approximately 35,000 associates in over 1,700 locations. For more information, please visit corporate.ferguson.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260316828829/en/
For further information please contact:

Investor Inquiries

Brian Lantz

Vice President, IR and Communications

+1 224 285 2410


Pete Kennedy

Vice President, Investor Relations

+1 757 603 0111


Media Inquiries

Christine Dwyer

Vice President, Communications and Public Relations

+1 757 469 5813


Original: Ferguson Files Definitive Proxy Materials and Transition Report

Ferguson Enterprises Inc. (“Company”): Director/PDMR ShareholdingMarch 4, 2026 6:45 AM
Business Wire
NOTIFICATION OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES (“PDMRs”) IN COMMON STOCK OF PAR VALUE $0.0001 EACH IN THE COMPANY (“Shares”)




1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






Kelly Baker








2






Reason for the notification








a)






Position/status






Director








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




 




Identification code






Common stock of par value $0.0001 per share




 




 




 




ISIN: US31488V1070








b)






Nature of the transaction






Purchase of common stock of par value $0.0001 per share pursuant to independent dividend reinvestment arrangements








c)






Price(s) and volume(s)






   1.




        Price(s)      Volume(s)




        $261.366    3.412


   2.




        Price(s)      Volume(s)




        $262.850   1.224234




 




USD - United States Dollar








d)






Aggregated information




 




- Aggregated volume




 




- Price






   1.




        Volume(s)           Price(s)




        Not applicable     $891.78


   2.




        Volume(s)           Price(s)




        Not applicable     $321.79




 








e)






Date of the transaction







2026-02-26; UTC time



2026-02-27; UTC time








f)






Place of the transaction







New York Stock Exchange



New York Stock Exchange









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






Catherine Halligan








2






Reason for the notification








a)






Position/status






Director








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




 




Identification code






Common stock of par value $0.0001 per share




 




 




 




ISIN: US31488V1070








b)






Nature of the transaction






Purchase of common stock of par value $0.0001 per share pursuant to independent dividend reinvestment arrangements








c)






Price(s) and volume(s)






   1.




        Price(s)      Volume(s)




        $261.345    5.101


   2.




        Price(s)      Volume(s)




        $259.18      3.1729




 




USD - United States Dollar








d)






Aggregated information




 




- Aggregated volume




 




- Price






   1.




        Volume(s)          Price(s)




        Not applicable    $1,333.12


   2.




        Volume(s)          Price(s)




        Not applicable    $822.35




 








e)






Date of the transaction







2026-02-26; UTC time



2026-02-27; UTC time








f)






Place of the transaction







New York Stock Exchange



New York Stock Exchange









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






James S. Metcalf








2






Reason for the notification








a)






Position/status






Director








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




 




Identification code






Common stock of par value $0.0001 per share




 




 




 




ISIN: US31488V1070








b)






Nature of the transaction






Purchase of common stock of par value $0.0001 per share pursuant to independent dividend reinvestment arrangements








c)






Price(s) and volume(s)






   1.




        Price(s)      Volume(s)




        $261.326    5.114


   2.




        Price(s)       Volume(s)




        $261.9338  14.7052




 




USD - United States Dollar








d)






Aggregated information




 




- Aggregated volume




 




- Price






   1.




        Volume(s)          Price(s)




        Not applicable    $1,336.42


   2.




        Volume(s)          Price(s)




        Not applicable    $3,851.79




 








e)






Date of the transaction







2026-02-26; UTC time



2026-02-27; UTC time








f)






Place of the transaction







New York Stock Exchange



New York Stock Exchange









1






Details of the person discharging managerial responsibilities / person closely associated








a)






Name






James Paisley








2






Reason for the notification








a)






Position/status






Chief Digital & Information Officer








b)






Initial/Amendment notification






Initial notification








3






Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor








a)






Name






Ferguson Enterprises Inc.








b)






LEI






2138003JYQMRP3SLX189








4






Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted








a)






Description of the financial instrument, type of instrument




 




Identification code






Common stock of par value $0.0001 per share




 




 




 




ISIN: US31488V1070








b)






Nature of the transaction






Purchase of common stock of par value $0.0001 per share pursuant to independent dividend reinvestment arrangements








c)






Price(s) and volume(s)






 




   Price(s)      Volume(s)




   $261.335   2.435




 




USD - United States Dollar








d)






Aggregated information




 




- Aggregated volume




 




- Price






 




   Volume(s)          Price(s)




   Not applicable    $636.35




 








e)






Date of the transaction






2026-02-26; UTC time








f)






Place of the transaction






New York Stock Exchange







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260304900689/en/
Investor Inquiries:

Brian Lantz, Vice President, IR and Communications +1 224 285 2410


Pete Kennedy, Vice President, Investor Relations +1 757 603 0111


Media Inquiries:

Christine Dwyer, Vice President, Communications and Public Relations +1 757 469 5813


Original: Ferguson Enterprises Inc. (“Company”): Director/PDMR Shareholding

Ferguson Files Form 10-KTMarch 2, 2026 6:45 AM
Business Wire
On February 27, 2026, Ferguson Enterprises Inc. (the "Company") filed a Form 10-KT 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 at corporate.ferguson.com/investor/financial-information/sec-filings.


February 27, 2026 – Form 10-KT


About Ferguson


Ferguson (NYSE: FERG; LSE: FERG) is North America’s largest value-added distributor of essential water and air solutions, serving specialized professionals in our $340B residential and non-residential construction markets. We help make our customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $31.3 billion (CY’25) and approximately 35,000 associates in over 1,700 locations. For more information, please visit corporate.ferguson.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260302603780/en/
For further information please contact:


Investor Inquiries

Brian Lantz

Vice President, IR and Communications

+1 224 285 2410


Pete Kennedy

Vice President, Investor Relations

+1 757 603 0111


Media Inquiries

Christine Dwyer

Vice President, Communications and Public Relations

+1 757 469 5813


Original: Ferguson Files Form 10-KT

Ferguson Reports Strong Calendar 2025 Results and Issues 2026 GuidanceFebruary 24, 2026 6:45 AM
Business Wire
Full calendar year highlights



Sales were $31.3 billion, an increase of 5.0%, with continued market share gains.



Gross margin of 31.0% was 70 bps ahead of last year.



Operating margin of 8.9%, up 40 bps on prior year (9.6%, up 50 bps on an adjusted basis).



Diluted earnings per share of $10.16, up 24.2% ($10.58, up 13.4% on an adjusted basis).



Strong cash generation with $2.2 billion in operating cash flow.



Declared dividends of $3.38 per share.



Invested $276 million in eight acquisitions, generating annualized revenue in excess of $300 million.



Share repurchases of $0.9 billion during the year with an outstanding balance of approximately $0.6 billion remaining under the current share repurchase program at December 31, 2025.



Balance sheet remains strong with net debt to adjusted EBITDA of 1.1x.



Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG). As previously announced, the Company changed its fiscal year from ending July 31 of each year to ending December 31 of each year. There was a five-month transition period (August 1, 2025 to December 31, 2025) and these results are presented within the condensed consolidated financial statements. The Company’s current fiscal year commenced on January 1, 2026. Full calendar year as well as calendar 2025 fourth quarter results are presented below.


Kevin Murphy, Ferguson CEO, commented “Our associates delivered a strong year, continuing to provide essential water and air solutions for our customers. We are particularly pleased with double digit non-residential growth during the year and our continued performance against a challenging residential market. Our scale-advantaged business model and strong balance sheet enable us to invest in organic growth, consolidate our markets through acquisitions and return capital to shareholders.


“While our markets remain mixed as we enter 2026, we expect another year of outperformance, strong operational execution and continued investment to expand our market leading capabilities and scale. We are confident in our ability to capitalize on long-term growth drivers across both residential and non-residential markets as we provide essential water and air solutions for the complex project needs of the specialized professional.”


Calendar 2026 Guidance




 






Calendar 2026 Guidance




January 1 - December 31, 2026








Net sales






Low to mid-single digit growth








Adjusted operating margin*






9.4% - 9.8%








Interest expense






~$200 million








Capital expenditures






$350 - $400 million








Adjusted effective tax rate*






~26% 







* The Company does not reconcile forward-looking non-GAAP measures. See “Non-GAAP Reconciliations and Supplementary information”.




 






Twelve months ended December 31,






 






 








US$ (In millions, except per share amounts)






2025






2024






Change








 






Reported






Adjusted(1)






Reported






Adjusted(1)






Reported






Adjusted








Net sales






31,316






31,316






29,818






29,818






+5.0 %






+5.0 %








Gross margin






31.0 %






31.0 %






30.3 %






30.3 %






+70 bps






+70 bps








Operating profit






2,789






3,011






2,528






2,705






+10.3 %






+11.3 %








Operating margin






8.9 %






9.6 %






8.5 %






9.1 %






+40 bps






+50 bps








Earnings per share - diluted






10.16






10.58






8.18






9.33






+24.2 %






+13.4 %








Adjusted EBITDA






 






3,243






 






2,905






 






+11.6 %








Net debt(1) : Adjusted EBITDA






 






1.1x






 






1.2x






 






 









 






Three months ended December 31,






 






 








US$ (In millions, except per share amounts)






2025






2024






Change








 






Reported






Adjusted(1)






Reported






Adjusted(1)






Reported






Adjusted








Net sales






7,495






7,495






7,234






7,234






+3.6 %






+3.6 %








Gross margin






30.6 %






30.6 %






29.7 %






29.7 %






+90 bps






+90 bps








Operating profit






596






625






509






549






+17.1 %






+13.8 %








Operating margin






8.0 %






8.3 %






7.0 %






7.6 %






+100 bps






+70 bps








Earnings per share - diluted






1.99






2.10






1.78






1.88






+11.8 %






+11.7 %








Adjusted EBITDA






 






686






 






601






 






+14.1 %







(1) The Company uses certain non-GAAP measures, which are not defined or specified under U.S. GAAP. See the section titled “Non-GAAP Reconciliations and Supplementary Information.”


Summary of financial results


Full calendar year


Net sales of $31.3 billion were 5.0% above last year driven by organic revenue growth of 4.5% and acquisition growth of 1.0%, partially offset by 0.4% from one fewer sales day and 0.1% from the combined adverse impact of foreign exchange rates and a divestment in Canada. Price inflation was low single digits.


Gross margin of 31.0% was 70 basis points ahead of last year driven by our associates’ strong execution and the timing and extent of supplier price increases. Reported operating profit was $2.8 billion (8.9% operating margin), 10.3% higher than last year. Adjusted operating profit of $3.0 billion (9.6% adjusted operating margin) was 11.3% above last year.


Reported diluted earnings per share was $10.16 (CY2024: $8.18), an increase of 24.2%, while adjusted diluted earnings per share of $10.58 increased 13.4% due to adjusted operating profit growth and the impact of share repurchases.


During the year we acquired eight businesses which in aggregate had annualized revenue in excess of $300 million.


Calendar fourth quarter


Net sales of $7.5 billion were 3.6% ahead of last year driven by organic revenue growth of 3.0% and acquisition growth of 0.9%, partially offset by 0.3% from the combined adverse impact of foreign exchange rates and a divestment in Canada. Price inflation was low to mid-single digits.


In the US, residential end markets, representing approximately half of revenue, remained weak. New residential housing starts and permit activity remained down and repair, maintenance and improvement (“RMI”) work has also remained soft. Overall, residential revenue was down 2% in the fourth quarter.


Non-residential end markets, representing approximately half of US revenue, performed better than residential. Our scale, expertise, multi-customer group approach and value added solutions drove continued share gains with non-residential revenue up 10% during the quarter. Growth continued to be underpinned by both waterworks and commercial / mechanical, including large capital project activity. Bidding and shipment activity on large capital projects remained solid.


Gross margin was 30.6%, an increase of 90 basis points over last year, driven by our associates’ disciplined execution. Operating expenses continued to be diligently managed while we continued to invest in core capabilities for future growth.


Reported operating profit of $596 million (8.0% operating margin) was 17.1% ahead of last year. Adjusted operating profit of $625 million (8.3% adjusted operating margin) was 13.8% ahead of last year.


Reported diluted earnings per share was $1.99 (Q4 CY 2024: $1.78), an increase of 11.8%, while adjusted diluted earnings per share of $2.10 increased 11.7%, driven principally by operating profit growth.


Segment overview




 






Twelve months ended






 








 






December 31,






 








US$ (In millions)






2025






2024






Change








Net sales:






 






 






 








USA






29,807






28,349






5.1 %








Canada






1,509






1,469






2.7 %








Total net sales






31,316






29,818






5.0 %








 






 






 






 








Adjusted operating profit:






 






 






 








USA






3,024






2,697






12.1 %








Canada






54






60






(10.0) %








Central and other costs






(67)






(52)






 








Total adjusted operating profit






3,011






2,705






11.3 %







Financial position


Net debt to adjusted EBITDA at December 31, 2025 was 1.1x and during the year we invested $0.4 billion in capital expenditures, invested $0.3 billion in eight acquisitions, paid $0.7 billion of dividends, and repurchased 4.5 million of our outstanding shares equating to $0.9 billion. We have a remaining outstanding balance of $0.6 billion under the current share repurchase program at December 31, 2025.


We have declared a quarterly dividend of $0.89. The dividend will be paid on April 30, 2026 to stockholders of record as of March 6, 2026.


Update on market opportunities and strategy


Later this morning, we look forward to providing an updated view of how we are uniquely positioned to provide essential water and air solutions for the complex needs of the specialized professional. We will discuss how our scale and capabilities combined with multi-year market opportunities in large capital projects, water infrastructure investment, climate & comfort and aging & underbuilt housing will allow us to continue outperforming the market and deliver shareholder value over the longer term.


Investor relations changes


The Board would like to congratulate Brian Lantz, Vice President Investor Relations and Communications, on his decision to retire effective May 1, 2026, and thank him for his significant contribution to Ferguson during the last five years, most notably establishing a strong investor relations presence in the US after helping to transition our primary listing from the London Stock Exchange to the New York Stock Exchange.


We are pleased to announce that Pete Kennedy has been promoted to Vice President Investor Relations and Christine Dwyer has been promoted to Vice President Communications and Public Relations. Pete has been with Ferguson for over ten years, initially in finance and the last seven years within investor relations, working closely with Brian. Christine brings over 25 years of experience in communications, including the last 15 at Ferguson.


Investor conference call and webcast


A call with Kevin Murphy, CEO and Bill Brundage, CFO will commence at 8:30 a.m. ET (1:30 p.m. GMT) today. The call will be recorded and available on our website after the event at corporate.ferguson.com.




Dial in number






US: +1 646 664 1960








 






UK: +44 (0) 20 3936 2999




 







Ask for the Ferguson call quoting 192073. To access the call via your laptop, tablet or mobile device please go to corporate.ferguson.com. If you have technical difficulties, please click the “Listen by Phone” button on the webcast player and dial the number provided.


About Ferguson


Ferguson (NYSE: FERG; LSE: FERG) is North America’s largest value-added distributor of essential water and air solutions, serving specialized professionals in our $340B residential and non-residential construction markets. We help make our customers’ complex projects simple, successful and sustainable by providing expertise and a wide range of products and services from plumbing, HVAC, appliances, and lighting to PVF, water and wastewater solutions, and more. Headquartered in Newport News, Va., Ferguson has sales of $31.3 billion (CY’25) and approximately 35,000 associates in over 1,700 locations. For more information, please visit corporate.ferguson.com.


Financial calendar




Q1 Results for period ending March 31, 2026






May 5, 2026 with call from 8:30 a.m. ET







Cautionary note on forward-looking statements


Certain information included in this announcement is forward-looking, including within the meaning of the Private Securities Litigation Reform Act of 1995, and involves risks, assumptions and uncertainties that could cause actual results to differ materially from those expressed or implied by forward-looking statements. Forward-looking statements cover all matters which are not historical facts and include, without limitation, statements or guidance regarding or relating to our future financial position, results of operations and growth, plans and objectives for the future including our capabilities and priorities, risks associated with changes in global and regional economic, market and political conditions, ability to manage supply chain challenges, ability to manage the impact of product price fluctuations, our financial condition and liquidity, legal or regulatory changes and other statements concerning the success of our business and strategies. Forward-looking statements can be identified by the use of forward-looking terminology, including terms such as “believes,” “estimates,” “anticipates,” “expects,” “forecasts,” “guidance,” “intends,” “continues,” “plans,” “projects,” “goal,” “target,” “aim,” “may,” “will,” “would,” “could” or “should” or, in each case, their negative or other variations or comparable terminology and other similar references to future periods. Forward-looking statements speak only as of the date on which they are made. They are not assurances of future performance and are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Therefore, you should not place undue reliance on any of these forward-looking statements. Although we believe that the forward-looking statements contained in this announcement are based on reasonable assumptions, you should be aware that many factors could cause actual results to differ materially from those contained in such forward-looking statements, including but not limited to: weakness in the economy, market trends, uncertainty and other conditions in the markets in which we operate and the macroeconomic impact of factors beyond our control (including, among others, inflation/deflation, recession, labor and wage pressures, trade restrictions such as tariffs, sanctions and retaliatory countermeasures, interest rates, and geopolitical conditions); failure to rapidly identify or effectively respond to direct and/or end customers’ wants, expectations or trends, including costs and potential problems associated with new or upgraded information technology systems or our ability to timely deploy new omni-channel capabilities; decreased demand for our products as a result of operating in highly competitive industries and the impact of declines in the residential and non-residential markets and our ability to effectively manage inventory as a result; changes in competition, including as a result of market consolidation, new entrants, vertical integration or competitors responding more quickly to emerging technologies (such as generative or agentic artificial intelligence (“AI”)); failure of a key information technology system or process as well as payment-related risks, including exposure to fraud or theft; privacy and protection of sensitive data failures, including failures due to data corruption, cybersecurity incidents, network security breaches or the use of AI; ineffectiveness of or disruption in our domestic or international supply chain or our fulfillment network, including delays in inventory availability at our distribution facilities and branches, increased delivery costs or lack of availability due to loss of key suppliers; failure to effectively manage and protect our facilities and inventory or to prevent personal injury to customers, suppliers or associates, including as a result of workplace violence; unsuccessful execution of our operational strategies, including the failure to quickly adapt our strategy to emerging technologies; failure to attract, retain and motivate key associates; exposure of associates, contractors, customers, suppliers and other individuals to health and safety risks and fleet incidents; risks associated with acquisitions, partnerships, joint ventures and other business combinations, dispositions or strategic transactions; risks associated with sales of private label products, including regulatory, product liability and reputational risks and the adverse impact such sales may have on supplier relationships and rebates; the failure to achieve and maintain a high level of product and service quality or comply with responsible sourcing standards; inability to renew leases on favorable terms or at all, as well as any remaining obligations under a lease when we close a facility; changes in, interpretations of, or compliance with tax laws and accounting standards; our access to capital, indebtedness and changes in our credit ratings and outlook; fluctuations in product prices/costs (e.g., including as a result of the use of commodity-priced materials, inflation/deflation, trade restrictions and/or failure to qualify for or maintain supplier rebates) and foreign currency; funding risks related to our defined benefit pension plans; legal proceedings in the ordinary course of our business as well as any failure to comply with domestic and foreign laws, regulations and standards, as those laws, regulations and standards or interpretations and enforcement thereof may change; the occurrence of unforeseen developments such as litigation, investigations, governmental proceedings or enforcement actions; our failure to comply with the obligations associated with being a public company listed on the New York Stock Exchange and London Stock Exchange and the costs associated therewith; the costs and risk exposure relating to sustainability matters and disclosures, including regulatory or legal requirements and disparate stakeholder expectations; and other risks and uncertainties set forth under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended July 31, 2025 filed with the Securities and Exchange Commission (“SEC”) on September 26, 2025 and in other filings we make with the SEC in the future. Additionally, forward-looking statements regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. Other than in accordance with our legal or regulatory obligations, we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.


Important note regarding results reported in this announcement


All historical calendar quarter and calendar year results, as well as the historical five month results, contained in this announcement have not been audited and have been derived from the books and records of the Company. As such, these results have not been subject to external audit or review procedures, and may be subject to adjustment. We expect to file a Transition Report on Form 10-KT on February 27, 2026, which will include audited results for the transition period from August 1, 2025 to December 31, 2025, and for the fiscal years ended July 31, 2025 and 2024. Investors are encouraged to review the information presented in this announcement in conjunction with our Transition Report on Form 10-KT, when available.


Non-GAAP Reconciliations and Supplementary Information

(unaudited)


Non-GAAP items


This announcement contains certain financial information that is not presented in conformity with U.S. GAAP. These non-GAAP financial measures include adjusted operating profit, adjusted operating margin, adjusted net income, adjusted earnings per share - diluted, adjusted EBITDA, adjusted effective tax rate, net debt and net debt to adjusted EBITDA ratio. The Company believes that these non-GAAP financial measures provide users of the Company’s financial information with additional meaningful information to assist in understanding financial results and assessing the Company’s performance from period to period. Management believes these measures are important indicators of operations because they exclude items that may not be indicative of our core operating results and provide a better baseline for analyzing trends in our underlying businesses, and they are consistent with how business performance is planned, reported and assessed internally by management and the Board. Such non-GAAP adjustments include amortization of acquired intangible assets, discrete tax items, and any other items that are non-recurring. Non-recurring items may include various restructuring charges, gains or losses on the disposals of businesses which by their nature do not reflect primary operations, as well as certain other items deemed non-recurring in nature and/or that are not a result of the Company’s primary operations. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. These non-GAAP financial measures should not be considered in isolation or as a substitute for results reported under U.S. GAAP. These non-GAAP financial measures reflect an additional way of viewing aspects of operations that, when viewed with U.S. GAAP results, provide a more complete understanding of the business. The Company strongly encourages investors and shareholders to review the Company’s financial statements and publicly filed reports in their entirety and not to rely on any single financial measure.


The Company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable U.S. GAAP financial measures on a forward-looking basis because it is unable to predict with reasonable certainty or without unreasonable effort non-recurring items, such as those described above, that may arise in the future. The variability of these items is unpredictable and may have a significant impact.




Reconciliation of Net Income to Adjusted Operating Profit and Adjusted EBITDA










 



 






Three months ended






 






Twelve months ended








 






December 31,






 






December 31,








(In millions)






2025






 






2024






 






2025






 






2024








Net income






$






389






 






 






$






356






 






 






$






2,006






 






$






1,651








Provision for income taxes






 






145






 






 






 






109






 






 






 






578






 






 






695








Interest expense, net






 






48






 






 






 






48






 






 






 






190






 






 






179








Other expense, net






 






14






 






 






 






(4






)






 






 






15






 






 






3








Operating profit






 






596






 






 






 






509






 






 






 






2,789






 






 






2,528








Restructuring activities(1)






 






(5






)






 






 






—






 






 






 






74






 






 






26








Amortization of acquired intangibles






 






34






 






 






 






40






 






 






 






148






 






 






151








Adjusted Operating Profit






 






625






 






 






 






549






 






 






 






3,011






 






 






2,705








Depreciation and impairment of PP&E






 






55






 






 






 






44






 






 






 






204






 






 






170








Amortization and impairment of non-acquired intangibles






 






6






 






 






 






8






 






 






 






28






 






 






30








Adjusted EBITDA






$






686






 






 






$






601






 






 






$






3,243






 






$






2,905









(1)






For the three and twelve months ended December 31, 2025, restructuring expenses primarily related to the Company’s implementation of targeted actions to streamline operations, enhancing speed and efficiency to better serve customers and drive further profitable growth, including a gain on the sale of a closed distribution center in November 2025. For the twelve months ended December 31, 2024, restructuring expenses related to incremental costs in connection with establishing a new corporate structure to domicile our parent company in the United States as of August 1, 2024, and related transition activities thereafter.




 







Net Debt : Adjusted EBITDA Reconciliation


To assess the appropriateness of its capital structure, the Company’s principal measure of financial leverage is net debt to adjusted EBITDA. The Company aims to operate with investment grade credit metrics and keep this ratio within one to two times.


Net debt


Net debt comprises bank overdrafts, bank and other loans and derivative financial instruments, excluding lease liabilities, less cash and cash equivalents. Long-term debt is presented net of debt issuance costs.




 






December 31,








(In millions)






2025






 






2024








Long-term debt






$






3,978






 






 






$






3,798






 








Short-term debt






 






148






 






 






 






400






 








Bank overdrafts(1)






 






—






 






 






 






124






 








Derivative liabilities






 






2






 






 






 






6






 








Cash and cash equivalents






 






(557






)






 






 






(722






)








Net debt






$






3,571






 






 






$






3,606






 








Adjusted EBITDA






$






3,243






 






 






$






2,905






 








Net Debt: Adjusted EBITDA






1.1x






 






1.2x









(1)






Bank overdrafts are included in other current liabilities in the Company’s Consolidated Balance Sheet.







Reconciliation of Net Income to Adjusted Net Income and Adjusted EPS - Diluted




 






Three months ended








 






December 31,








(In millions, except per share amounts)






2025






 






2024








 






 






 






per share(1)






 






 






 






per share(1)








Net income






$






389






 






 






$






1.99






 






 






$






356






 






 






$






1.78






 








Restructuring activities(2)






 






(5






)






 






 






(0.03






)






 






 






—






 






 






 






—






 








Amortization of acquired intangibles






 






34






 






 






 






0.18






 






 






 






40






 






 






 






0.20






 








Discrete tax adjustments(3)






 






(2






)






 






 






(0.01






)






 






 






(10






)






 






 






(0.05






)








Tax impact on non-GAAP adjustments(4)






 






(5






)






 






 






(0.03






)






 






 






(10






)






 






 






(0.05






)








Adjusted net income






$






411






 






 






$






2.10






 






 






$






376






 






 






$






1.88






 








 






 






 






 






 






 






 






 








Diluted weighted average shares outstanding






 






195.9






 






 






 






200.2






 









 






Twelve months ended








 






December 31,








(In millions, except per share amounts)






2025






 






2024








 






 






 






per share(1)






 






 






 






per share(1)








Net income






$






2,006






 






 






$






10.16






 






 






$






1,651






 






 






$






8.18






 








Restructuring activities(2)






 






74






 






 






 






0.38






 






 






 






26






 






 






 






0.13






 








Amortization of acquired intangibles






 






148






 






 






 






0.75






 






 






 






151






 






 






 






0.75






 








Discrete tax adjustments(3)






 






(87






)






 






 






(0.44






)






 






 






94






 






 






 






0.46






 








Tax impact on non-GAAP adjustments(4)






 






(53






)






 






 






(0.27






)






 






 






(39






)






 






 






(0.19






)








Adjusted net income






$






2,088






 






 






$






10.58






 






 






$






1,883






 






 






$






9.33






 








 






 






 






 






 






 






 






 








Diluted weighted average shares outstanding






 






197.4






 






 






 






201.9






 









(1)






Per share on a dilutive basis.








(2)






For the three and twelve months ended December 31, 2025, restructuring expenses primarily related to the Company’s implementation of targeted actions to streamline operations, enhancing speed and efficiency to better serve customers and drive further profitable growth, including a gain on the sale of a closed distribution center in November 2025. For the twelve months ended December 31, 2024, restructuring expenses related to incremental costs in connection with establishing a new corporate structure to domicile our parent company in the United States as of August 1, 2024, and related transition activities thereafter.








(3)






For the three months and twelve months ended December 31, 2025 and the three months ended December 31, 2024, discrete tax adjustments generally included the release of uncertain tax positions following the lapse of statute of limitations, adjustments in connection with amended returns and the tax treatment of certain compensation items, none of which were individually material. For the twelve months ended December 31, 2024, discrete tax adjustments primarily related to non-recurring, non-cash deferred tax charges of $137 million, resulting from the elimination of certain pre-existing U.K. tax attributes as part of the establishment of our parent company’s domicile in the United States as of August 1, 2024. This charge was partially offset by other discrete tax adjustments as noted for the three and twelve months ended December 31, 2025 and three months ended December 31, 2024.








(4)






For the three and twelve months ended December 31, 2025, the tax impact on non-GAAP adjustments primarily related to restructuring activities and the amortization of acquired intangibles. For the three and twelve months ended December 31, 2024, the tax impact on non-GAAP adjustments primarily related to the amortization of acquired intangibles.







 




Ferguson Enterprises Inc.




Condensed Consolidated Statements of Earnings




(unaudited)










 



 






Three months ended






 






Twelve months ended








 






December 31,






 






December 31,








(In millions, except per share amounts)






2025






 






2024






 






2025






 






2024








Net sales






$7,495






 






 






$7,234






 






 






$31,316






 






 






$29,818






 








Cost of sales






(5,199






)






 






(5,086






)






 






(21,608






)






 






(20,774






)








Gross profit






2,296






 






 






2,148






 






 






9,708






 






 






9,044






 








Selling, general and administrative expenses






(1,610






)






 






(1,547






)






 






(6,465






)






 






(6,139






)








Restructuring activities






5






 






 






—






 






 






(74






)






 






(26






)








Depreciation and amortization






(95






)






 






(92






)






 






(380






)






 






(351






)








Operating profit






596






 






 






509






 






 






2,789






 






 






2,528






 








Interest expense, net






(48






)






 






(48






)






 






(190






)






 






(179






)








Other (expense) income, net






(14






)






 






4






 






 






(15






)






 






(3






)








Income before income taxes






534






 






 






465






 






 






2,584






 






 






2,346






 








Provision for income taxes






(145






)






 






(109






)






 






(578






)






 






(695






)








Net income






$389






 






 






$356






 






 






$2,006






 






 






$1,651






 








 






 






 






 






 






 






 






 








Earnings per share - Basic






$1.99






 






 






$1.78






 






 






$10.18






 






 






$8.19






 








 






 






 






 






 






 






 






 








Earnings per share - Diluted






$1.99






 






 






$1.78






 






 






$10.16






 






 






$8.18






 








 






 






 






 






 






 






 






 








Weighted average number of shares outstanding:






 






 






 






 






 






 






 








Basic






195.7






 






 






200.0






 






 






197.1






 






 






201.5






 








Diluted






195.9






 






 






200.2






 






 






197.4






 






 






201.9






 









Ferguson Enterprises Inc.




Condensed Consolidated Statements of Earnings




(unaudited)








 



 






Five months ended








 






December 31,








(In millions, except per share amounts)






2025






 






2024








Net sales






12,833






 






 






$12,279






 








Cost of sales






(8,903






)






 






(8,622






)








Gross profit






3,930






 






 






3,657






 








Selling, general and administrative expenses






(2,677






)






 






(2,587






)








Restructuring activities






3






 






 






(3






)








Depreciation and amortization






(157






)






 






(151






)








Operating profit






1,099






 






 






916






 








Interest expense, net






(79






)






 






(79






)








Other income (expense), net






(17






)






 






5






 








Income before income taxes






1,003






 






 






842






 








Provision for income taxes






(217






)






 






(206






)








Net income






786






 






 






$636






 








 






 






 






 








Earnings per share - Basic






$4.01






 






 






$3.17






 








 






 






 






 








Earnings per share - Diluted






$4.01






 






 






$3.17






 








 






 






 






 








Weighted average shares outstanding:






 






 






 








Basic






195.9






 






 






200.4






 








Diluted






196.2






 






 






200.7






 







 




Ferguson Enterprises Inc.




Condensed Consolidated Balance Sheets




(unaudited)









 



 






December 31,






July 31,








(In millions)






2025






2025








Assets






 






 








Cash and cash equivalents






$557






$674








Accounts receivable, net






3,312






3,964








Inventories






4,588






4,492








Prepaid and other current assets






1,031






945








Assets held for sale






48






71








Total current assets






9,536






10,146








Property, plant and equipment, net






1,911






1,846








Operating lease right-of-use assets






1,832






1,763








Deferred income taxes, net






165






225








Goodwill






2,470






2,464








Other non-current assets






1,238






1,285








Total assets






$17,152






$17,729








 






 






 








Liabilities and stockholders’ equity






 






 








Accounts payable






$3,117






$3,577








Other current liabilities






2,008






2,451








Total current liabilities






5,125






6,028








Long-term debt






3,978






3,752








Long-term portion of operating lease liabilities






1,436






1,367








Other long-term liabilities






756






750








Total liabilities






11,295






11,897








Total stockholders' equity






5,857






5,832








Total liabilities and stockholders' equity






$17,152






$17,729







 




Ferguson Enterprises Inc.




Condensed Consolidated Statements of Cash Flows




(unaudited)








 



(In millions)






Twelve months ended








December 31,








2025






 






2024








Cash flows from operating activities:






 






 






 








Net income






$2,006






 






 






$1,651






 








Depreciation and amortization






380






 






 






351






 








Share-based compensation






88






 






 






36






 








Changes in deferred income taxes






44






 






 






128






 








Changes in inventories






(179






)






 






(241






)








Changes in receivables and other assets






(210






)






 






(41






)








Changes in accounts payable and other liabilities






95






 






 






176






 








Changes in income taxes payable






(41






)






 






2






 








Other operating activities






(2






)






 






9






 








Net cash provided by operating activities






2,181






 






 






2,071






 








Cash flows from investing activities:






 






 






 








Purchase of businesses acquired, net of cash acquired






(276






)






 






(297






)








Capital expenditures






(354






)






 






(328






)








Other investing activities






85






 






 






10






 








Net cash used in investing activities






(545






)






 






(615






)








Cash flows from financing activities:






 






 






 








Purchase of treasury shares






(902






)






 






(893






)








Proceeds from sale of treasury shares






—






 






 






17






 








Net change in debt and bank overdrafts






(202






)






 






(717






)








Cash dividends






(656






)






 






(637






)








Other financing activities






(88






)






 






(69






)








Net cash used in financing activities






(1,848






)






 






(2,299






)








Change in cash, cash equivalents and restricted cash






(212






)






 






(843






)








Effects of exchange rate changes






20






 






 






(27






)








Cash, cash equivalents and restricted cash, beginning of period






773






 






 






1,643






 








Cash, cash equivalents and restricted cash, end of period






$581






 






 






$773






 









Ferguson Enterprises Inc.




Condensed Consolidated Statements of Cash Flows




(unaudited)










 



(In millions)






Five months ended






 






Twelve months ended








December 31,






 






July 31,








2025






 






2025






 






2024








Cash flows from operating activities:






 






 






 






 






 








Net income






$786






 






 






$1,856






 






 






$1,735






 








Depreciation and amortization






157






 






 






373






 






 






335






 








Share-based compensation






70






 






 






28






 






 






49






 








Changes in inventories






(87






)






 






(273






)






 






(252






)








Changes in receivables and other assets






553






 






 






(321






)






 






(98






)








Changes in accounts payable and other liabilities






(706






)






 






278






 






 






11






 








Other operating activities






86






 






 






(33






)






 






93






 








Net cash provided by operating activities






859






 






 






1,908






 






 






1,873






 








Cash flows from investing activities:






 






 






 






 






 








Purchase of businesses acquired, net of cash acquired






(21






)






 






(301






)






 






(260






)








Capital expenditures






(185






)






 






(305






)






 






(372






)








Other investing activities






42






 






 






63






 






 






31






 








Net cash used in investing activities






(164






)






 






(543






)






 






(601






)








Cash flows from financing activities:






 






 






 






 






 








Purchase of treasury shares






(407






)






 






(948






)






 






(634






)








Proceeds from sale of treasury shares






—






 






 






—






 






 






17






 








Net change in debt and bank overdrafts






(33






)






 






225






 






 






129






 








Cash dividends






(326






)






 






(489






)






 






(784






)








Other financing activities






(57






)






 






(74






)






 






(41






)








Net cash used in financing activities






(823






)






 






(1,286






)






 






(1,313






)








Change in cash, cash equivalents and restricted cash






(128






)






 






79






 






 






(41






)








Effects of exchange rate changes






2






 






 






3






 






 






(3






)








Cash, cash equivalents and restricted cash, beginning of period






707






 






 






625






 






 






669






 








Cash, cash equivalents and restricted cash, end of period






$581






 






 






$707






 






 






$625






 







 

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Original: Ferguson Reports Strong Calendar 2025 Results and Issues 2026 Guidance