Ferguson Enterprises Inc (FERG) News & EventsFERGFerguson Enterprises Inc

UDig Partners with Ferguson to Launch Sales Cockpit

UDig designed and built Sales Cockpit with Ferguson. UDig creates digital experiences and frontline tools people want to use. The collaboration brings many of the sales systems Ferguson's counter associates use every day into one interface, cutting down on any back-and-forth between systems when contractors are waiting at the counter. Sales Cockpit is currently in initial deployment at a limited number of Ferguson branches with plans to expand in the months ahead. Contractors run on tight schedules, and every minute at the counter is a minute they're not on a job site. Sales Cockpit is designed to help associates search, quote, and close orders without switching screens so they can get contractors back on the road faster. The platform also brings Ferguson's modernized payment technology into the counter workflow.

Ferguson Completes Acquisition of FWI Holdings

Ferguson has completed its acquisition of FWI Holdings, or FloWorks, an industrial distributor and service provider of highly technical valves and flow control solutions, from Wynnchurch Capital. The deal officially closed on August 31 following the satisfaction of all customary closing conditions.

Company Reports Q2 Revenue of $8.8B, Raises Full Year Guidance

Reports Q2 revenue $8.8B, consensus $8.6B. "While the economic environment remains uncertain, our performance year-to-date enables the upward revision of our full year guidance. We expect to continue delivering market outperformance by deploying scale locally and leveraging the long-term growth drivers of water infrastructure, large capital projects, climate and comfort and aging and underbuilt housing. We remain 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."