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Mar 31, 2021
UFP Industries Q1 2021 Earnings Report
UFP Industries reported record first-quarter results, driven by strong market conditions and successful strategic execution.
Key Takeaways
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.
Net sales increased 77 percent to $1.83 billion due to a 33 percent increase in unit sales and a 44 percent increase in selling prices.
Net earnings attributable to controlling interest increased 157 percent to $103 million.
Earnings per share increased to $1.67 per diluted share, compared to $0.65 in the first quarter last year.
Adjusted EBITDA increased 111 percent to $162.7 million.
Revenue by Segment
Forward Guidance
UFP will continue to pursue acquisitions that expand our capacity, enhance our capabilities, improve efficiencies and increase our sales of value-added products.
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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