Ferguson Enterprises set to join S&P 500, ADI Global Distribution to join S&P SmallCap 600

* Ferguson Enterprises (FERG [https://seekingalpha.com/symbol/FERG]) will replace Electronic Arts (EA [https://seekingalpha.com/symbol/EA]) in the S&P 500 effective before the opening of trading on Wednesday, August 5. An investor consortium comprised of Public Investment Fund, Silver Lake, and Affinity Partners are acquiring Electronic Arts in a deal expected to be completed soon, pending final conditions.
* ADI Global Distribution (ADIG) will be added to the S&P SmallCap 600 effective prior to the opening of trading on August 4, replacing Hertz Global Holdings (HTZ [https://seekingalpha.com/symbol/HTZ]) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, August 5.
* S&P SmallCap 600 constituent Resideo Technologies (REZI [https://seekingalpha.com/symbol/REZI]) is spinning off ADI Global Distribution in a transaction to be completed August 4. Hertz Global Holdings is no longer representative of the small-cap market space.
* Press release [https://seekingalpha.com/pr/20603345-ferguson-enterprises-set-to-join-s-and-p-500-and-adi-global-distribution-to-join-s-and-p]

MORE ON FERGUSON ENTERPRISES INC.

* Ferguson Enterprises: Attractive Model But A Muted Macro Environment [https://seekingalpha.com/article/4916403-ferguson-enterprises-attractive-model-but-a-muted-macro-environment]
* Ferguson Enterprises Inc. 2026 Q1 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4900919-ferguson-enterprises-inc-2026-q1-results-earnings-call-presentation]
* Ferguson Enterprises Inc. (FERG) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4898495-ferguson-enterprises-inc-ferg-q1-2026-earnings-call-transcript]
* Ferguson Enterprises to acquire FloWorks for $1.6B [https://seekingalpha.com/news/4613211-ferguson-enterprises-to-acquire-floworks-for-16b]
* Ferguson reaffirms FY 2026 outlook, targets 9.4%–9.8% operating margin amid broadly flat markets [https://seekingalpha.com/news/4586035-ferguson-reaffirms-fy-2026-outlook-targets-9_4-percent-9_8-percent-operating-margin-amid]