UFP Industries Earnings Reports

UFP Industries announced first quarter 2025 results with net sales of $1.60 billion, a 2.7% decrease year-over-year, and net earnings of $78.8 million, a 35% decrease. The CEO noted a challenging quarter with limited visibility but saw sequential business improvement and is focused on profitability, cost savings, and strategic investments.

UFP Industries faced a challenging Q4 2024 with a 4% decline in revenue, driven by weaker pricing and market demand. Net income fell 34% year-over-year, while operating margin decreased due to competitive pressures.

UFP Industries reported a decrease in net sales by 21 percent to $1.83 billion, a decrease in net earnings attributable to controlling interests to $134 million, and a decrease in diluted EPS to $2.10. However, the company's operating margins have normalized above pre-pandemic levels due to its balanced business model and focus on value-added products.

UFP Industries reported first quarter 2023 results with net sales of $1.82 billion and diluted EPS of $1.98. The results were in line with expectations given the softer economy and general market uncertainty. The company's strong cash flow and balance sheet enable it to take advantage of opportunities during this cycle.

UFP Industries announced net sales of $1.9 billion, net earnings attributable to controlling interest of $133 million, and earnings per diluted share of $2.10 for the fourth quarter of 2022. While net sales decreased by 5 percent, the company emphasized its strong financial position and plans to capitalize on opportunities in a softening economy.

UFP Industries reported record net sales of $2.3 billion and net earnings attributable to controlling interests of $167 million for the third quarter of 2022. Earnings per diluted share increased 37 percent to $2.66. The company's balanced business model and market-focused organizational structure contributed to the strong performance.

UFP Industries announced record net sales of $2.9 billion and net earnings attributable to controlling interests of $203 million for the second quarter of 2022. Earnings per diluted share reached a record $3.23, a 16 percent increase year-over-year.

UFP Industries reported record first quarter results with net sales of $2.49 billion and net earnings of $190 million. Earnings per diluted share increased 80 percent to $3.00 compared to the first quarter of 2021. The company's balanced business model and reorganization in 2020 contributed to the impressive results.

UFP Industries announced record net sales of $2.02 billion and record earnings per diluted share of $2.21 for the fourth quarter of fiscal year 2021. This represents a 45 percent increase in net sales and a 117 percent increase in earnings per diluted share compared to the fourth quarter of 2020. The company's new market-focused organizational structure and strategic investments contributed to this growth.

UFP Industries reported a 41% increase in net sales, reaching $2.1 billion, and a 57% increase in net earnings, totaling $121 million for the third quarter of 2021. The company's balanced business model and diversity of markets contributed to the record profitability, with growth experienced across the industrial and construction segments.

UFP Industries reported record second quarter results, with net sales reaching $2.7 billion, a 117% increase year-over-year, and net earnings attributable to controlling interest of $173 million, a 161% increase year-over-year. EPS also reached a record $2.78 per diluted share. Recent acquisitions contributed significantly to net sales and EPS.

UFP Industries reported record net sales of $1.83 billion for the first quarter of 2021, a 77 percent increase over the first quarter of 2020, and record net earnings attributable to controlling interest of $103 million, a 157 percent increase over the same period of 2020. The company also reported record EPS of $1.67 per diluted share compared to $0.65 in the first quarter last year.

UFP Industries announced record net sales and net earnings for the fourth quarter and fiscal year 2020. Net sales were $1.39 billion, a 40 percent increase over the fourth quarter of 2019, while EPS was $1.02 per diluted share, a 67 percent increase over the fourth quarter of 2019.

UFP Industries reported record sales of $1.49 billion and net earnings attributable to controlling interest of $77.2 million for the third quarter ended September 26, 2020. EPS was $1.25 per diluted share, a 49 percent increase over the same period of 2019. These are the best quarterly sales and earnings results in the company’s 65-year history.

UFP Industries reported record net earnings attributable to controlling interest of $66.5 million for the second quarter of 2020, with record EPS of $1.08 per diluted share. The increase in home improvement activity benefited the retail segment, while the industrial and construction segments were negatively impacted by virus-related shutdowns. Conditions improved throughout the quarter, with retail demand accelerating and headwinds in industrial and construction easing.

UFP Industries announced record net sales and net earnings for Q1 2020. The company's realignment is progressing well, and they are managing COVID-19 challenges effectively, ensuring employee safety and essential services. The company repurchased shares and increased the quarterly dividend.

UFP Industries announced record net sales and profits for the fourth quarter of 2019. Net sales were $998 million, a 1% increase year-over-year. Earnings from operations were $51.8 million, up 14 percent, and net earnings attributable to controlling interest of $37.7 million were up 24 percent. EBITDA of $70.9 million increased by 12 percent.