Loading...
•
Mar 31, 2023
UFP Industries Q1 2023 Earnings Report
UFP Industries reported a decrease in net sales and diluted EPS for Q1 2023.
Key Takeaways
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.
Net sales decreased by 27 percent to $1.82 billion due to price decreases and lower organic unit sales.
Diluted EPS decreased by 34 percent year-over-year to $1.98.
Adjusted EBITDA decreased by 31 percent to $202 million, with adjusted EBITDA margin dropping to 11.1 percent.
New product sales decreased by 10 percent to $167 million, but rose to 9.1 percent of total sales.
Revenue by Segment
Forward Guidance
The company's outlook remains positive, albeit at a lower level than 2021 and 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...