Universal Forest Products

UFP Industries, Inc. manufactures and distributes wood and wood alternative products. It operates through the following segments: Retail, Industrial and Construction. The Retail segment comprises national home center retailers, retail-oriented regional lumberyards and contractor-oriented lumberyards. The Industrial segment manufacturers pallets, specialty crates, wooden boxes, and other containers used for packaging, shipping and material handling purposes. The Construction segment engages in factory-built housing, site-built residential construction, concrete forming, and commercial construction, which represent the business units. The company was founded in 1955 and is headquartered in Grand Rapids, MI.

Earnings data Q1 2021

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Earnings data Q4 2024

Universal Forest Products (UFPI) reports record year, eyes growth amidst challenges

Universal Forest Products (UFPI) had a strong financial performance in 2022, with record net sales and solid cash flow. While facing challenges such as lower housing trends and market uncertainties, UFPI remains focused on operational efficiency and growth opportunities. The company is well-positioned to capitalize on its unique business model and drive future success through innovation and strategic initiatives.

Universal Forest Products beats Q1 earnings, eyes recovery amid challenges

Universal Forest Products (UFPI) exceeded earnings expectations in Q1 2023, facing challenges from economic factors and market demand. Despite declines in sales and operating profits, the company showcased strength in capital allocation and new product sales. Opportunities for growth include recovering from Q1 shortfall and focusing on segment-specific improvements.

UFPI exceeds earnings estimates, faces challenges, eyes international growth

UFPI's Q2 2023 earnings call highlighted strong performance in EBITDA margins despite lower sales volumes and challenges in various segments.
The company showcased long-term optimism through increased cash dividend and share repurchase authorization, while addressing factors like interest rate hikes and market pricing.
Opportunities lie in international growth, new construction focus, and efficiency improvements to overcome challenges and drive future growth.

Universal Forest Products (UFPI) exceeds earnings forecast, eyes acquisitions

Universal Forest Products (UFPI) reported strong Q3 earnings, exceeding internal forecasts and showcasing operational excellence across key segments. The company's focus on prudent capital allocation, strategic acquisitions, and innovation positions it well for future growth.
While facing challenges in the Packaging segment, UFPI's emphasis on restructuring and efficiency improvements demonstrates a proactive approach to addressing market dynamics. CEO Matt Missad's insights on macroeconomic indicators underscore UFPI's commitment to navigating external factors.
With a solid balance sheet, a $900 million war chest for acquisitions, and a balanced approach to capital allocation, UFPI is poised to capitalize on growth opportunities and deliver value for shareholders. The company's resilience and adaptability in the face of challenges highlight its long-term sustainability.

UFPI reports third best sales year, eyes growth through M&A

UFPI delivered strong sales and profit performance in 2023, with a focus on creating a more resilient company in 2024 through strategic growth initiatives.
While facing challenges in certain segments and market conditions, UFPI remains optimistic about growth opportunities and operational improvements.
The company's long-term goals and financial discipline position it well for future success, despite short-term economic challenges and pricing trends.
UFPI's emphasis on operational efficiency, technology investments, and expansion in growth markets underscores its commitment to sustainable growth and profitability.

UFPI reports Q1 2024 earnings decline, focuses on innovation

UFPI's Q1 2024 performance reflects a mixed sales landscape across segments, with a focus on cost management and innovation to drive profitability.
Challenges include soft demand and competitive pricing, necessitating strategic adjustments to address market dynamics and optimize operations.
Opportunities lie in cautious optimism for second-half improvements, succession planning, and a focus on new product sales and innovation for growth.

Universal Forest Products reports Q2 revenue decline, focuses on growth

UFPI's Q2 2024 performance reflected revenue decline and EBITDA decrease, with segment-wise variations in sales.
Efforts to maximize capacity utilization, reduce costs, and invest in key areas demonstrate UFPI's strategic focus on growth.
Despite economic challenges and soft demand, UFPI remains committed to operational efficiency and long-term value creation.

UFPI faces Q3 challenges, focuses on cost reduction and growth

UFPI reported a challenging Q3 2024 due to macroeconomic headwinds, leading to declines in sales and adjusted EBITDA. Despite the setbacks, the company is proactively implementing cost reduction initiatives and maintaining a strong balance sheet.
UFPI remains focused on enhancing shareholder value through dividends and share repurchases while pursuing growth opportunities. The company anticipates continued market challenges but is committed to long-term growth and margin potential.

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UFP Industries, Inc. is a holding company, which engages in the supply of products primarily manufactured from wood, wood and non-wood composites, and other materials to retail, packaging, and construction markets. It operates through the following segments: UFP Retail Solutions (Retail), UFP Packaging (Packaging), UFP Construction (Construction), and All Other. The Retail segment consists of the following business units: ProWood, Deckorators, and UFP-Edge. The Packaging segment includes structural packaging, palletone, and protective packaging solutions. The Construction segment is involved in Factory-Built Housing, SiteBuilt Construction, Commercial Construction, and Concrete Forming. The All Other segment refers to the international segment and Ardellis. The company was founded in 1955 and is headquartered in Grand Rapids, MI.

GRAND RAPIDS, Mich., May 09, 2022 (GLOBE NEWSWIRE) -- UFP Industries (Nasdaq: UFPI) today announced that its affiliate, Deckorators, Inc., acquired Cedar Poly LLC, for $17 million. The purchase price includes incentive payments of up to $1.5 million over three years if Cedar Poly meets certain performance goals.

UFP Industries acquires Cedar Poly LLC, adding plastic recycling to its retail operations

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GRAND RAPIDS, Mich., April 25, 2022 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced that President and COO Pat Webster will retire at the end of 2022 after a remarkable career spanning nearly four decades at the company. Over the next several months, Pat's duties will be transferred to existing or new members of the leadership team as part of the company's 2020 reorganization plan.

UFP Industries announces the planned retirement of President and COO Pat Webster

UFP Industries' (UFPI) first-quarter results benefit from strong demand and an improved pricing model.

UFP Industries (UFPI) Stock Up on Q1 Earnings & Sales Beat

UFP Industries, Inc. (NASDAQ:UFPI ) Q1 2022 Earnings Conference Call April 21, 2022 4:30 PM ET Company Participants Dick Gauthier - Vice President, Corporate Communications and Investor Relations Matt Missad - Chief Executive Officer Mike Cole - Chief Financial Officer Conference Call Participants Stanley Elliot - Stifel Reuben Garner - Benchmark Company Kurt Yinger - D. A. Davidson Julio Romero - Sidoti Jay McCanless - Wedbush Ketan Mamtora - BMO Capital Markets Operator Ladies and gentlemen, thank you for standing by, and welcome to the Q1 2022 UFP Industries Inc. Earnings Conference Call and Webcast.

UFP Industries, Inc. (UFPI) CEO Matt Missad on Q1 2022 Results - Earnings Call Transcript

UFP Industries (UFPI) delivered earnings and revenue surprises of 49.25% and 14.30%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

UFP Industries (UFPI) Q1 Earnings and Revenues Beat Estimates

Strong sales growth and continued execution results in year-over-year increases in diluted EPS of 80 percent and quarterly dividend of 67 percent Strong sales growth and continued execution results in year-over-year increases in diluted EPS of 80 percent and quarterly dividend of 67 percent

UFP Industries Reports Record First Quarter Results

UFP Industries' (UFPI) first-quarter earnings are likely to have benefited from a diversified portfolio.

UFP Industries (UFPI) to Report Q1 Earnings: What to Expect?

GRAND RAPIDS, Mich., April 07, 2022 (GLOBE NEWSWIRE) -- UFP Industries, Inc. Nasdaq: UFPIwww.ufpi.com

Conference Call to Discuss Q1 2022

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The company knocked it out of the park in 2021 as all financial records were broken and the company took full advantage for future growth.

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UFP Industries (UFPI) Up 5.3% Since Last Earnings Report: Can It Continue?

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UFP Industries' (UFPI) fourth-quarter results benefit from strong demand and an improved pricing model.

UFP Industries (UFPI) Stock Up as Q4 Earnings Beat Estimates

UFP Industries, Inc. (UFPI) CEO Matt Missad on Q4 2021 Results - Earnings Call Transcript

-- Unit sales increase 25 percent and diluted EPS increases 117 percent in Q4; board increases share buyback authorization

UFP Industries Reports Record Earnings for Fourth Quarter and Year

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UFP Industries (UFPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

UFP Industries (UFPI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

- dividend represents a 33 percent increase over 2021 - - dividend represents a 33 percent increase over 2021 -

UFP Industries announces quarterly dividend of $0.20 per share

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UFP Industries' (UFPI) buyout of Ultra is set to add aluminum fencing to its existing portfolio of vinyl and wood fencing.

UFP Industries (UFPI) Acquires Ultra, Expands Portfolio

GRAND RAPIDS, Mich., Dec. 27, 2021 (GLOBE NEWSWIRE) -- UFP Industries (Nasdaq: UFPI) today announced that its subsidiary, Deckorators, Inc., has acquired Ultra Aluminum Manufacturing Inc. (Ultra), a leading manufacturer of aluminum fencing, gates and railing, for $25 million. The transaction includes $2 million to be paid if certain future performance goals are met.

UFP Industries acquires Ultra Aluminum Manufacturing, expanding its fence and railing offerings

UFP Industries' (UFPI) buyout of Advantage Label is set to help it become the leading global packaging solutions provider.

UFP Industries (UFPI) Expands Industrial Packaging Business

GRAND RAPIDS, Mich., Dec. 20, 2021 (GLOBE NEWSWIRE) -- UFP Industries (Nasdaq: UFPI) today announced that its affiliate, UFP Packaging, LLC, has acquired Advantage Label & Packaging, Inc. (Advantage Label), a provider of labels and related equipment used in industrial packaging, for approximately $16 million. The transaction also includes $2.9 million for related real estate as well as incentive payments of up to $4.5 million over five years if certain performance goals are met.

News for Universal Forest Products Stock (UFPI)