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Sep 26, 2020
UFP Industries Q3 2020 Earnings Report
UFP Industries reported record quarterly results with net sales up 28 percent and diluted EPS up 49 percent.
Key Takeaways
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.
Net sales increased by 28 percent to $1.49 billion.
Gross profits increased 29 percent to over $241 million.
Earnings from operations increased 51 percent to $106.6 million.
EBITDA increased 40 percent to $125.7 million.
Revenue by Segment
Forward Guidance
UFP Industries does not provide specific forward guidance in this report. However, they express confidence in their organization's ability to execute and improve performance.
Positive Outlook
- Record performance has validated confidence in the organization’s ability to execute.
- Operations will take the lessons learned and turn them into improvement opportunities.
- Employees are known to answer the call and do great things when challenged.
- The company maintains a strong pipeline of acquisition targets.
- Disciplined approach to capital allocation.
Challenges Ahead
- Fluctuations in the price of lumber.
- Adverse or unusual weather conditions.
- Adverse economic conditions in the markets served.
- Government regulations, particularly involving environmental and safety regulations.
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
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