●  Ferguson Enterprises Inc. /DE/ · FY 2025 

Controls & Procedures

Ferguson Enterprises Inc. has confirmed that its internal controls over financial reporting remain effective as of July 31, 2025, with management identifying no material weaknesses or significant deficiencies in its control environment. This assessment was independently validated by Deloitte & Touche LLP, which issued an unqualified opinion affirming the company's maintained ICFR in all material respects. The findings underscore a consistent state of operational and financial stability within the organization during the reporting period.

FERG L1 Synthesis
●  SYMBOLOGY.ONLINE l1 SYNTHESIS 

Ferguson Enterprises Inc. /de Controls & Procedures Synthesis

Summary of Disclosure Controls and Internal Controls over Financial Reporting (ICFR)

Based on Ferguson Enterprises Inc.'s filings for the period ending July 31, 2025, management has concluded that both its disclosure controls and internal controls over financial reporting are effective. The company reports no material weaknesses or significant deficiencies during this period.

Management's Conclusions on Controls Effectiveness

Disclosure Controls and Procedures

Management evaluated its disclosure controls and procedures (DCP) as of July 31, 2025. These controls are designed to ensure that required information is recorded, processed, summarized, and reported within specified time periods, and communicated appropriately to management for timely decision-making regarding SEC disclosures.

  • Assessment: Management concluded that the disclosure controls and procedures were effective at a reasonable assurance level.
  • Strength Highlighted: The evaluation was conducted with the participation of both the Chief Executive Officer (CEO) and Chief Financial Officer (CFO).
Internal Controls over Financial Reporting (ICFR)

The company evaluated its ICFR based on the COSO Integrated Framework (2013). This process is designed to provide reasonable assurance regarding the reliability of financial reporting in accordance with U.S. GAAP.

  • Assessment: Management concluded that internal control over financial reporting was effective as of July 31, 2025.
  • Strength Highlighted: The effectiveness assessment was independently audited by Deloitte & Touche LLP, which provided an unqualified opinion stating the Company maintained effective ICFR in all material respects.

Status of Controls and Procedures (Changes and Deficiencies)

Material Weaknesses and Significant Deficiencies

The company's management report did not identify any instances of material weaknesses or significant deficiencies within its internal controls over financial reporting as of July 31, 2025.

  • Assessment: The current evidence indicates a strong control environment with no identified failures requiring immediate corrective action.
Changes and New Procedures

The company reported stability in its control framework during the reporting period.

  • Noteworthy Finding (Stability): There were no changes in internal control over financial reporting during the fiscal quarter ended July 31, 2025, that materially affected or are reasonably likely to materially affect the ICFR.
  • New Controls: No noteworthy new controls or procedures introduced during this period were disclosed in the provided text.

Balanced Assessment Summary

The company demonstrates a high degree of control maturity and stability. The primary strength is the consistent conclusion of effectiveness, affirmed both by internal management evaluation (CEO/CFO participation) and external audit validation (Deloitte & Touche LLP). The absence of reported material weaknesses or changes suggests that the existing controls are robust and operating as intended.

However, the report does not provide detail on how these controls operate—only that they are effective. Furthermore, while stability is a strength, the lack of any disclosed changes means there is no insight into how the company adapts its control environment to evolving business risks or regulatory requirements.