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Dec 31, 2020
UFP Industries Q4 2020 Earnings Report
UFP Industries reported record earnings for Q4 2020, driven by value-added products and operational efficiencies.
Key Takeaways
UFP Industries announced record net sales and net earnings for the fourth quarter and fiscal year 2020. Net sales were $1.39 billion, a 40 percent increase over the fourth quarter of 2019, while EPS was $1.02 per diluted share, a 67 percent increase over the fourth quarter of 2019.
Net sales increased by 40 percent to $1.39 billion due to a 15 percent increase in unit sales and 25 percent increase in lumber prices.
Earnings from operations increased 70 percent to $88.2 million, despite $12 million in asset impairment charges and other costs.
New product sales increased 46 percent, driven by Deckorators Voyage decking line and Dimensions project panels business.
SG&A expense as a percentage of gross profit improved to 46 percent compared to 67 percent in 2019.
Revenue by Segment
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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