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.

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Universal Forest Products (UFPI) reports record year, eyes growth amidst challenges

Universal Forest Products (UFPI) had a strong financial performance in 2022, with record net sales and solid cash flow. While facing challenges such as lower housing trends and market uncertainties, UFPI remains focused on operational efficiency and growth opportunities. The company is well-positioned to capitalize on its unique business model and drive future success through innovation and strategic initiatives.

Universal Forest Products beats Q1 earnings, eyes recovery amid challenges

Universal Forest Products (UFPI) exceeded earnings expectations in Q1 2023, facing challenges from economic factors and market demand. Despite declines in sales and operating profits, the company showcased strength in capital allocation and new product sales. Opportunities for growth include recovering from Q1 shortfall and focusing on segment-specific improvements.

UFPI exceeds earnings estimates, faces challenges, eyes international growth

UFPI's Q2 2023 earnings call highlighted strong performance in EBITDA margins despite lower sales volumes and challenges in various segments.
The company showcased long-term optimism through increased cash dividend and share repurchase authorization, while addressing factors like interest rate hikes and market pricing.
Opportunities lie in international growth, new construction focus, and efficiency improvements to overcome challenges and drive future growth.

Universal Forest Products (UFPI) exceeds earnings forecast, eyes acquisitions

Universal Forest Products (UFPI) reported strong Q3 earnings, exceeding internal forecasts and showcasing operational excellence across key segments. The company's focus on prudent capital allocation, strategic acquisitions, and innovation positions it well for future growth.
While facing challenges in the Packaging segment, UFPI's emphasis on restructuring and efficiency improvements demonstrates a proactive approach to addressing market dynamics. CEO Matt Missad's insights on macroeconomic indicators underscore UFPI's commitment to navigating external factors.
With a solid balance sheet, a $900 million war chest for acquisitions, and a balanced approach to capital allocation, UFPI is poised to capitalize on growth opportunities and deliver value for shareholders. The company's resilience and adaptability in the face of challenges highlight its long-term sustainability.

UFPI reports third best sales year, eyes growth through M&A

UFPI delivered strong sales and profit performance in 2023, with a focus on creating a more resilient company in 2024 through strategic growth initiatives.
While facing challenges in certain segments and market conditions, UFPI remains optimistic about growth opportunities and operational improvements.
The company's long-term goals and financial discipline position it well for future success, despite short-term economic challenges and pricing trends.
UFPI's emphasis on operational efficiency, technology investments, and expansion in growth markets underscores its commitment to sustainable growth and profitability.

UFPI reports Q1 2024 earnings decline, focuses on innovation

UFPI's Q1 2024 performance reflects a mixed sales landscape across segments, with a focus on cost management and innovation to drive profitability.
Challenges include soft demand and competitive pricing, necessitating strategic adjustments to address market dynamics and optimize operations.
Opportunities lie in cautious optimism for second-half improvements, succession planning, and a focus on new product sales and innovation for growth.

Universal Forest Products reports Q2 revenue decline, focuses on growth

UFPI's Q2 2024 performance reflected revenue decline and EBITDA decrease, with segment-wise variations in sales.
Efforts to maximize capacity utilization, reduce costs, and invest in key areas demonstrate UFPI's strategic focus on growth.
Despite economic challenges and soft demand, UFPI remains committed to operational efficiency and long-term value creation.

UFPI faces Q3 challenges, focuses on cost reduction and growth

UFPI reported a challenging Q3 2024 due to macroeconomic headwinds, leading to declines in sales and adjusted EBITDA. Despite the setbacks, the company is proactively implementing cost reduction initiatives and maintaining a strong balance sheet.
UFPI remains focused on enhancing shareholder value through dividends and share repurchases while pursuing growth opportunities. The company anticipates continued market challenges but is committed to long-term growth and margin potential.

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UFP Industries, Inc. is a holding company, which 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: UFP Retail Solutions (Retail), UFP Packaging (Packaging), UFP Construction (Construction), and All Other. The Retail segment consists of the following business units: ProWood, Deckorators, and UFP-Edge. The Packaging segment includes structural packaging, palletone, and protective packaging solutions. The Construction segment is involved in Factory-Built Housing, SiteBuilt Construction, Commercial Construction, and Concrete Forming. The All Other segment refers to the international segment and Ardellis. The company was founded in 1955 and is headquartered in Grand Rapids, MI.

GRAND RAPIDS, Mich., Dec. 10, 2020 (GLOBE NEWSWIRE) -- UFP Industries (Nasdaq: UFPI) today announced that its board of directors approved an agreement for UFP Industrial, LLC, to purchase 100 percent of the equity of PalletOne, Inc. for approximately $232 million. This price assumes a cash-free, debt-free balance sheet. UFP also agreed to pay $18 million for PalletOne's recent capital expenditures. The transaction is subject to a net working capital adjustment and is expected to close on December 28, 2020, pending customary closing conditions and regulatory approval. The purchase price will be funded using the company's cash reserves, which currently total more than $400 million.

UFP Industries announces agreement to acquire PalletOne, further expanding industrial packaging capabilities in the U.S.

UFP Industries (UFPI) continues to focus on acquisitions to strengthen its product portfolio and leverage new business opportunities.

UFP Industries (UFPI) Expands Footprint With Three Buyouts

GRAND RAPIDS, Mich., Nov. 16, 2020 (GLOBE NEWSWIRE) -- UFP Industries (Nasdaq: UFPI) today announced that affiliates of UFP Construction LLC acquired the assets of three companies: Atlantic Prefab, Inc.; Exterior Designs, LLC; and Patriot Building Systems, LLC. The companies, which had combined trailing 12-month sales through September of approximately $28 million, serve the commercial and multi-family construction markets in the Northeast. The operational leadership of the companies will remain unchanged.

UFP Industries expands construction capabilities with the acquisition of three New England companies

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UFP Industries, Inc. (UFPI) CEO Matt Missad on Q3 2020 Results - Earnings Call Transcript

UFP Industries, Inc. (UFPI) CEO Matt Missad on Q3 2020 Results - Quick Version Earnings Call Transcript

Third Quarter Net Sales up 28 percent, Diluted EPS up 49 percent, EBITDA up 40 percent Third Quarter Net Sales up 28 percent, Diluted EPS up 49 percent, EBITDA up 40 percent

CORRECTING AND REPLACING - UFP Industries Reports Best Quarterly Results in the Company's History

UFP Industries Reports Best Quarterly Results in the Company's History

Shares of UFP Industries (NASDAQ:UFPI) rose 6.5% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share increased 48.81% year over year to $1.25, which beat the estimate of $0.89.

UFP Industries: Q3 Earnings Insights

UFP Industries (UFPI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate UFP Industries (UFPI) to Report a Decline in Earnings: What to Look Out for

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GRAND RAPIDS, Mich., Oct. 01, 2020 (GLOBE NEWSWIRE) -- UFP Industries (Nasdaq: UFPI) today announced that its UFP Retail Solutions business segment acquired the equity of Fire Retardant Chemical Technologies, LLC (FRCT). Founded in 2014 and based in Matthews, North Carolina, FRCT’s business includes a research and development laboratory specializing in developing and testing a wide range of high-performance chemicals, including fire retardants and water repellants. The company had approximately $6.4 million in sales in 2019. Dr. Futong Cui, FRCT’s founder, president and chief technology officer, will continue to lead the company.

UFP Industries acquires Fire Retardant Chemical Technologies, bolstering its R&D efforts

﻿GRAND RAPIDS, Mich., Sept.  16, 2020  (GLOBE NEWSWIRE) --   UFP Industries, Inc. Nasdaq: UFPIwww.ufpi.com

UFP Conference Call to Discuss Q3 2020

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UFP Industries (UFPI) reported earnings 30 days ago. What's next for the stock?

Why Is UFP Industries (UFPI) Up 12.7% Since Last Earnings Report?

GRAND RAPIDS, Mich., Aug.  11, 2020  (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced it has issued $150 million of unsecured notes under an existing private shelf facility with a lender, effective August 10, 2020. The notes were issued in the following tranches of $50 million each:  

UFP Industries announces $150 million note issuance under an existing private shelf facility

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UFP Industries, Inc. (UFPI) CEO Matt Missad on Q2 2020 Results - Earnings Call Transcript

Growth in the retail business helps UFP Industries (UFPI) to post improved second-quarter 2020 results.

UFP Industries (UFPI) Q2 Earnings Top Estimates, Stock Up

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Diluted EPS up 23 percent, EBITDA up 22 percent Diluted EPS up 23 percent, EBITDA up 22 percent

UFP Industries Reports Record Net Earnings for Second Quarter

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The acquisition of T&R is set to boost UFP Industries' (UFPI) agricultural product offerings in the United States.

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News for Universal Forest Products Stock (UFPI)