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.

UFP Industries' financials are solid with 10 year returns beating S&P 500, consistent earnings, decent RoE with low leverage. Competitive advantages from vertical value chain, product breadth, proximity of facilities to customers, and long-term supplier relations to name some.

UFP Industries Is A Good Long-Term Addition

The consensus price target hints at a 26.5% upside potential for UFP Industries (UFPI). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Can UFP Industries (UFPI) Climb 26.47% to Reach the Level Wall Street Analysts Expect?

UFP Industries (UFPI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Here Is Why Bargain Hunters Would Love Fast-paced Mover UFP Industries (UFPI)

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UFP Industries' (UFPI) first-quarter 2023 performance reflects a lower selling price, organic sales and soft demand.

UFP Industries (UFPI) Q1 Earnings Beat, Revenues Miss, Stock Down

UFP Industries, Inc. (NASDAQ:UFPI ) Q1 2023 Earnings Conference Call May 2, 2023 4:30 PM ET Company Participants Dick Gauthier – Vice President-Investor Relations Matt Missad – Chief Executive Officer Mike Cole – Chief Financial Officer Conference Call Participants Stanley Elliot – Stifel Reuben Garner – Benchmark Company Ketan Mamtora – BMO Capital Markets Kurt Yinger – D.A. Davidson Operator Good day, and welcome to the Q1 2023 UFP Industries Inc. Earnings Conference Call and Webcast.

UFP Industries, Inc. (UFPI) Q1 2023 Earnings Call Transcript

UFP Industries (UFPI) came out with quarterly earnings of $1.98 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $3 per share a year ago.

UFP Industries (UFPI) Surpasses Q1 Earnings Estimates

UFP Industries faces a tough start to 2023 with a double-digit revenue decline. The company has a strong balance sheet and can pay its dividends.

UFP Industries: Long-Term Growth Still Intact

UFP Industries has been able to very successfully capitalize on the growing demand for its products and showcase why it is a company to look out for. Despite the last few years having some volatile commodity prices affecting margins, UFPI has been able to divert and generate impressive cash flows in 2022.

UFP Industries Is A Stable Addition

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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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.

News for Universal Forest Products Stock (UFPI)