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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.
UFP Industries
UFP Industries
UFP Industries Revenue by Segment
Revenue by Segment
Retail Revenue
CapyFin.comConstruction Revenue
CapyFin.comAll Other Revenue
CapyFin.com 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