Ferguson Enterprises Inc - FERG

Ferguson Enterprises Inc. is the largest value-added distributor of plumbing, heating, ventilation and air conditioning (HVAC), appliances, lighting, pipes, valves and fittings (PVF), and water and wastewater products in the United States. Headquartered in Newport News, Virginia, and serving primarily the North American residential and non-residential construction markets valued at $340 billion, the company bridges approximately 36,000 suppliers and over 1 million customers through nearly 1,800 branches, 11 regional distribution centers, and an extensive fleet. With 95% of its $29.6 billion fiscal 2024 revenue from the U.S. and 5% from Canada, Ferguson supports repair, maintenance, improvement, new construction, and civil infrastructure projects by simplifying complex endeavors with expert service, e-commerce, and owned brands like PROFLO™. Founded in 1953, it employs about 35,000 associates and emphasizes long-term relationships, local accessibility within 60 miles of 95% of customers, and a culture rooted in exceptional customer dedication. In the industrial distribution sector, Ferguson holds prominence as the top plumbing distributor and second-largest HVAC distributor. Recent restructuring domiciled its parent in the U.S., aligning governance with operations.