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., July  14, 2020  (GLOBE NEWSWIRE) -- UFP Industries (Nasdaq: UFPI) today announced that one of its affiliates acquired the operating assets of T&R Lumber Company and its affiliates, Sullivan & Mann and Kelmar Creations. Based in Rancho Cucamonga, California, T&R manufactures and distributes a range of products used primarily by nurseries, including plastic growing containers, pots and trays; wooden stakes; trellises; tree boxes; shipping racks; and other nursery supplies. The company had approximately $31 million in sales in 2019 and will become an affiliate of the UFP Industrial business segment. Phil Guardia, president of T&R, will continue to run the company.

UFPI acquires T&R Lumber Company, expanding agricultural business

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GRAND RAPIDS, Mich., June  08, 2020  (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced that it will participate in the Stifel 2020 Virtual Cross Sector Insight Conference on Wednesday, June 10, 2020. Management is scheduled to present at 8:40 a.m. ET on Wednesday, June 10. A link to the live webcast along with presentation slides will be available on UFP Industries’ investor relations website,  http://www.ufpinvestor.com/ .

UFP Industries to Participate in the Stifel 2020 Virtual Cross Sector Insight Conference

GRAND RAPIDS, Mich., June  04, 2020  (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced that fire partially damaged its facility in Ashburn, Georgia, during the early morning hours of June 3, 2020. The fire has been extinguished and we are gratified to report there were no injuries. The fire is being investigated as arson, and we are working with local law enforcement to apprehend and prosecute the person(s) responsible. An early assessment of the cost of damage is in the $1 million range. The company expects the Ashburn facility to be closed until Friday, June 5, 2020.

UFP Industries Reports Fire Damage at Ashburn, Georgia Facility

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

Why Is Universal Forest (UFPI) Up 15.4% Since Last Earnings Report?

Universal Forest Products, Inc. (UFPI) CEO Matt Missad on Q1 2020 Results - Earnings Call Transcript

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Wood Industry's Near-Term Prospects Dimmed by Coronavirus

Should we buy shares of a company known for its forest products when we appear to be nearing a recession, if we’re not already in one, and home building is likely to slow?

UFP Industries: A New Business Model Is Paying Off

Growth across the business helps UFP Industries (UFPI) to post improved first-quarter 2020 results. However, lumber market swings hurt the same.

UFP Industries (UFPI) Q1 Earnings Meet Estimates, Margins Up

Universal Forest (UFPI) delivered earnings and revenue surprises of 0.00% and -1.68%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Universal Forest Products (UFPI) Q1 Earnings Match Estimates

Solid new & value-added products growth is likely to have benefited UFP Industries' (UFPI) Q1 earnings. Yet, rise in labor costs, low lumber prices & coronavirus-induced slowdown may have been woes.

New Products to Benefit UFP Industries' (UFPI) Q1 Earnings

Universal Forest (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.

Universal Forest Products (UFPI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

GRAND RAPIDS, Mich., March  26, 2020  (GLOBE NEWSWIRE) -- Universal Forest Products, Inc. (n/k/a UFP Industries, Nasdaq: UFPI) today shared an update on the impact of COVID-19 on its business operations.

UFP Industries provides an update on the impact of Coronavirus (COVID-19)

Universal Forest (UFPI) Down 40.6% Since Last Earnings Report: Can It Rebound?

The acquisition of Quest will boost UFP Industries' (UFPI) commercial construction business product offerings that include millwork and case goods.

UFP Industries Buys Architectural Millwork Maker, Quest

GRAND RAPIDS, Mich., March  16, 2020  (GLOBE NEWSWIRE) -- Universal Forest Products, Inc. (n/k/a UFP Industries, Nasdaq: UFPI) today announced that one of its affiliates acquired the operating assets of Quest Design & Fabrication and Quest Architectural Millwork, collectively known as Quest. Based near Houston, Texas, Quest specializes in designing, fabricating and installing premium millwork and case goods for a variety of commercial uses, including builder’s sales centers, design studios, hospitality, corporate offices, and healthcare. The company had approximately $22 million in sales in 2019. Jon Deutser, president and CEO of Quest, will continue to run the company.

UFPI acquires Quest Design & Fabrication and Quest Architectural Millwork, expanding commercial construction business

Universal Forest Products, Inc. (UFPI) CEO Matt Missad on Q4 2019 Results - Earnings Call Transcript

Growth of new and value-added products helps UFP Industries (UFPI) to post improved fourth-quarter 2019 earnings. However, lumber market swings hurt its results.

UFP Industries (UFPI) Q4 Earnings Top Estimates, Margins Up

Universal Forest (UFPI) delivered earnings and revenue surprises of 3.39% and -0.08%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Universal Forest Products (UFPI) Tops Q4 Earnings Estimates

UFP Industries (UFPI) is likely to have generated strong Q4 earnings on the back of solid new and value-added products growth. However, rising labor costs & lower lumber prices may have been concerns.

What's in Store for UFP Industries' (UFPI) Q4 Earnings?

- Dividend increases 25 percent - - Dividend increases 25 percent -

UFP Industries announces new dividend schedule and quarterly dividend

GRAND RAPIDS, Mich., Jan.  13, 2020  (GLOBE NEWSWIRE) -- UFP Industries (Nasdaq: UFPI), formerly known as Universal Forest Products, today announced that Benjamin McLean, CEO of Des Moines, Iowa-based Ruan Transportation Management Systems, Inc., was appointed to its Board of Directors, effective January 10, 2020.

Benjamin McLean appointed to UFPI Board of Directors

New organizational structure in place New organizational structure in place

Universal Forest Products is now UFP Industries

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News for Universal Forest Products Stock (UFPI)