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Mar 31, 2020
UFP Industries Q1 2020 Earnings Report
UFP Industries reported record sales and profits for the first quarter, with diluted EPS up 12 percent and unit sales up 5 percent.
Key Takeaways
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 reported record net sales and net earnings for the first quarter of 2020.
Diluted EPS increased by 12 percent compared to the same period in 2019, reaching $0.65 per share.
The company repurchased approximately 750,000 shares of its common stock during the first quarter.
The board approved a quarterly dividend payment of 12.5 cents a share, a prorated 25 percent increase over 2019.
Revenue by Segment
Forward Guidance
UFP Industries anticipates that its second quarter and balance of 2020 financial results will depend on the future status of various state directives with more insight expected on May 7.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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