On December 10, 2024, Ferguson Enterprises Inc (FERG, Financial), a prominent distributor in the North American construction market, announced the filing of its Form 10-Q with the U.S. Securities and Exchange Commission (SEC). The document is accessible on the SEC's website and the company's own SEC Filings page. Ferguson, headquartered in Newport News, Virginia, reported sales of $29.6 billion for the fiscal year 2024, supported by a workforce of approximately 35,000 associates across nearly 1,800 locations.
Positive Aspects
- Ferguson is the largest value-added distributor in the $340 billion North American construction market.
- The company reported substantial sales of $29.6 billion for FY 2024.
- Ferguson operates with a significant workforce of around 35,000 associates.
Negative Aspects
- The press release does not provide specific financial performance details from the Form 10-Q.
- There is no mention of future growth strategies or market challenges.
Financial Analyst Perspective
As a financial analyst, the filing of Form 10-Q by Ferguson Enterprises Inc (FERG, Financial) is a critical event, providing insights into the company's financial health and operational performance. The reported sales of $29.6 billion indicate strong market positioning. However, the lack of detailed financial metrics in the press release suggests a need for stakeholders to review the full Form 10-Q for a comprehensive understanding of the company's financial status, including profitability, cash flow, and any potential liabilities.
Market Research Analyst Perspective
From a market research standpoint, Ferguson's position as the largest distributor in the North American construction market underscores its significant influence and reach. The company's extensive product range and service offerings cater to both residential and non-residential sectors, highlighting its adaptability and market penetration. However, the press release does not address competitive pressures or market dynamics, which are crucial for assessing future growth potential and strategic positioning.
Frequently Asked Questions
Q: When did Ferguson Enterprises Inc file the Form 10-Q?
A: Ferguson filed the Form 10-Q on December 10, 2024.
Q: Where can the Form 10-Q be accessed?
A: The Form 10-Q is available on the SEC's website and Ferguson's SEC Filings page.
Q: What is Ferguson's reported sales figure for FY 2024?
A: Ferguson reported sales of $29.6 billion for the fiscal year 2024.
Q: How many associates does Ferguson employ?
A: Ferguson employs approximately 35,000 associates.
Read the original press release here.
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