Universal Forest Products

UFP Industries, Inc. manufactures and distributes wood and wood alternative products. It operates through the following segments: Retail, Industrial and Construction. The Retail segment comprises national home center retailers, retail-oriented regional lumberyards and contractor-oriented lumberyards. The Industrial segment manufacturers pallets, specialty crates, wooden boxes, and other containers used for packaging, shipping and material handling purposes. The Construction segment engages in factory-built housing, site-built residential construction, concrete forming, and commercial construction, which represent the business units. The company was founded in 1955 and is headquartered in Grand Rapids, MI.

Earnings data Q1 2023

Earnings data Q2 2023

UFP Industries, Inc. engages in the supply of products primarily manufactured from wood, wood and non-wood composites, and other materials to retail, packaging, and construction markets. It operates through the following segments: Retail Solutions, Packaging, and Construction. The Retail Solutions segment sells treated lumber products, wood plastic composite, mineral based composite decking and related decking accessories, exterior sliding, pattern, trim, and facia products. The Packaging segment manufactures custom packaging products made of wood, pallets, corrugate, foam, labels, strapping, and films. The Construction segment engages in factory-built housing and site-built residential construction. The company was founded in 1955 and is headquartered in Grand Rapids, MI.

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The Zacks Building Products - Wood industry is expected to gain from home improvement activities, the export market and cost control amid continued supply woes. Industry players UFPI, BCC and JELD are set to gain the most from the tailwinds.

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It becomes the first coast-to-coast premier pallet supplier BARTOW, Fla. , March 28, 2023 /PRNewswire/ -- UFP Packaging today announced that its PalletOne business unit has completed an expansion into UFP operations nationwide, making PalletOne the first wholly owned coast-to-coast pallet supplier in the United States.

UFP Packaging Expands PalletOne Nationally

UFP Industries (UFPI) benefits from robust acquisition and strategic product innovation investments. However, softness in lumber products demand and high inflation restrict its growth.

UFP Industries (UFPI) Gains From Buyouts Amid High Inflation

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Are Investors Undervaluing UFP Industries (UFPI) Right Now?

UFP Industries (UFPI) reports impressive fourth-quarter 2022 earnings and revenues, thanks to increased selling prices.

UFP Industries (UFPI) Q4 Earnings & Revenues Top, Shares Rise

UFP Industries (UFPI) delivered earnings and revenue surprises of 21.39% and 4.74%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

UFP Industries (UFPI) Beats Q4 Earnings and Revenue Estimates

UFP Industries, Inc. (NASDAQ:UFPI ) Q4 2022 Results Conference Call February 21, 2023 4:30 PM ET Company Participants Dick Gauthier - IR Matt Missad - CEO Mike Cole - CFO Conference Call Participants Julio Romero - Sidoti Kurt Yinger - D.A. Davidson Stanley Elliott - Stifel Reuben Garner - Benchmark Company Jay McCanless - Wedbush Securities Ketan Mamtora - BMO Capital Markets Kurt Yinger - D.A.

UFP Industries, Inc. (UFPI) Q4 2022 Earnings Call Transcript

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--UFP Industries, Inc. (Nasdaq: UFPI) today announced net sales of $1.9 billion, net earnings attributable to controlling interest of $133 million, and earnings per diluted share of $2.10 for the fourth quarter of 2022. The company also announced a record $9.6 billion in net sales for fiscal 2022, an 11 percent increase over 2021, and record 2022 earnings per diluted share of $10.97, a 28 percent increase over the previous year.

UFP Industries Announces Fourth Quarter and Fiscal 2022 Results

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--On February 3, 2023, the Board of Directors of UFP Industries, Inc. (Nasdaq: UFPI) approved a quarterly dividend payment of $0.25 per share, a 25 percent increase over the quarterly dividend of $0.20 per share paid in March 2022. The dividend is payable on March 15, 2023, to shareholders of record on March 1, 2023.

UFP Industries announces quarterly dividend of $0.25 per share

GRAND RAPIDS, Mich.--( BUSINESS WIRE )--First paragraph, third sentence of release dated February 3, 2023, should read: "[William G. Currie] then will step down after 54 years with the company."

CORRECTING and REPLACING Matthew J. Missad named Chairman of the Board for UFP Industries

GRAND RAPIDS, Mich.--( BUSINESS WIRE )--UFP Industries, Inc. (Nasdaq: UFPI), today announced that CEO Matthew J. Missad also has been named chairman of the board. The move, approved by the board of directors at their February 2, 2023, meeting and effective immediately, is part of a comprehensive succession plan that calls for both change and continuity: Board Chairman William G. Currie will remain as a director through the end of his term. He then will step down after 52 years with the company. Missad will remain with the Company at least through 2027, as other elements of the succession plan are put in place.

Matthew J. Missad named Chairman of the Board for UFP Industries

UFP Industries' share price has risen by nearly 145.5% in the last few years compared to 47% for the S&P 500. The firm has a balanced business model that helps to de-risk the firm.

UFP Industries Is Built For Profitability

GRAND RAPIDS, Mich.--( BUSINESS WIRE )--To better reflect its business focus and opportunity, UFP Industrial, LLC, a leading supplier of total packaging solutions, packaging logistics support and OEM components, and a subsidiary of UFP Industries, Inc. (Nasdaq: UFPI), is changing its name to UFP Packaging, LLC. The change is effective February 1, 2023.

UFP Industrial Changes Name to UFP Packaging

GRAND RAPIDS, Mich.--( BUSINESS WIRE )--UFP Retail Solutions, a business segment of UFP Industries, Inc. (Nasdaq: UFPI), will feature new and innovative products from two leading brands, Deckorators and UFP-Edge, at the NAHB International Builders' Show (IBS 2023) in Las Vegas from January 31 to February 2, 2023.

UFP Retail Solutions will showcase product innovations at IBS 2023

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According to current portfolio statistics, a Premium feature of GuruFocus, five stocks in Royce Investment Partners' third-quarter 13F equity portfolio that are trading below discounted cash flow value are Marcus & Millchamp Inc. ( MMI , Financial), UFP Industries Inc. ( UFPI , Financial), Mueller Industries Inc. ( MLI , Financial), LCI Industries Inc. ( LCII , Financial) and Asbury Automotive Group ( ABG , Financial).

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UFP Industries has fared really well in recent months, with shares pushed higher thanks to robust financial performance. It's not unreasonable to expect some weakness at some point in time, but the firm is structurally sound enough to handle that pain.

UFP Industries: Don't Underestimate This Firm

UFP Industries (UFPI) is exploring new markets and enhancing its product portfolio through regular buyouts.

UFP Industries (UFPI) Acquires Titan Corrugated & Affiliate

GRAND RAPIDS, Mich., Dec. 06, 2022 (GLOBE NEWSWIRE) -- UFP Industries (Nasdaq: UFPI) today announced that its affiliate, UFP Packaging, LLC, has acquired Titan Corrugated, Inc., a manufacturer of corrugated packaging products, and its affiliate All Boxed Up, LLC, a corrugated box distributor. The combined companies had trailing 12-month sales through October 2022 of approximately $46.5 million.

UFP Packaging acquires Titan Corrugated and its affiliate, All Boxed Up, adding corrugated conversion to its industrial packaging offerings

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Here's Why UFP Industries (UFPI) is a Strong Growth Stock

Trend-leading brand leverages insights from experts in the field GRAND RAPIDS, Mich. , Nov. 16, 2022 /PRNewswire/ -- Brought to you by Deckorators®, a leading composite decking, railing, and accessories brand that have claimed their space in the market through innovation and creativity, the Deckorators 2023 Outdoor Living Report contextualizes upcoming trends in design, building, and outdoor living for the upcoming year.

Deckorators® Launches 2023 Outdoor Living Report

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UFP Industries' (UFPI) third-quarter results benefit from strong demand and an improved pricing model.

UFP Industries (UFPI) Q3 Earnings Beat Estimates, Stock Up

UFP Industries, Inc. (NASDAQ:UFPI ) Q3 2022 Earnings Conference Call October 20, 2022 4:30 PM ET Company Participants Dick Gauthier - VP, Corporate Communications and IR Matt Missad - CEO Mike Cole - CFO Conference Call Participants Ketan Mamtora - BMO Capital Markets Reuben Garner - Benchmark Company Stanley Elliott - Stifel Kurt Yinger - D.A. Davidson Julio Romero - Sidoti Jay McCanless - Wedbush Securities Operator Good day, and welcome to the Q3 2022 UFP Industries, Inc. Earnings Conference Call and Webcast.

News for Universal Forest Products Stock (UFPI)