New mineral-based composite trim product is a low-maintenance, durable, and dimensionally stable alternative to PVC
, /PRNewswire/ -- Edge, a leader in exterior trim and siding products and part of UFP Industries (NASDAQ: UFPI), announced today the launch of Arris™, premium mineral-based composite trim made with proprietary Surestone® technology. The product will be on display at the Southeast Building Conference (SEBC) July 29–30, 2026, in Orlando, Florida.
Arris trim by Edge The name "Arris" is drawn from a traditional woodworking term for the sharp, clean edge formed where two surfaces meet. Exterior trim projects frequently require precise mitered corners, but thermal changes can create movement that causes joints to separate, leaving unwanted gaps, particularly with PVC trim products. Arris lives up to its name with minimal thermal movement and tight, clean-looking joints throughout seasonal temperature changes.
"We're proud to be introducing Arris to contractors, builders, and homeowners alike," said Dominic Beaulieu, managing director at Edge. "We've taken the technology and credibility of Surestone, paired that with customer feedback, and applied it to the development of a superior trim product. We're eager to see how this transforms the exterior trim space, and we are committed to bringing this level of advancement to other categories in the future."
Arris showcases innovation never before seen in the industry, creating an entirely new category. More dimensionally stable than traditional trim products, Arris is engineered to solve common jobsite and long-term performance challenges. The use of Surestone technology, a proprietary mineral-based composite first proven in premium Deckorators® decking, sets a new standard for durability and ease of installation.
Arris trim:
Is available now in an S1S2E profile (textured on one side, smooth on three), with an S4S profile (smooth on four sides) to follow Comes in widths ranging from 4–12 inches and nominal 1x and 5/4x thicknesses, launching in 20-foot lengths with shorter and longer options planned Features a durable white capstock that's scratch, scuff, and weather-exposure resistant Is lightweight, easy to work with, and arrives ready to install to streamline project timelines and reduce labor For additional information on Arris, please visit https://www.ufpedge.com/arris.
ABOUT EDGE
Edge is a leading provider of trim, siding, and interior accents. Its product lines include prefinished and natural solutions such as ForgeWood thermally modified siding; the Timeless interior accent board collection; Arris™, a mineral-based composite trim made with Surestone® technology; and the primed, exterior-rated trim lines EvoTrim™, Premium Primed, and Primed SPF. Sourced and manufactured in North America, its high-quality, convenient, and beautiful products make Edge a valued provider to building materials distributors and retailers nationwide. Edge is a brand of UFP Retail Solutions, a business segment of UFP Industries.
Learn more at https://www.ufpedge.com/.
UFP INDUSTRIES, INC. (NASDAQ: UFPI)
UFP Industries, Inc. is a holding company whose operating subsidiaries—UFP Packaging, UFP Construction, and UFP Retail Solutions—manufacture, distribute, and sell a wide variety of value-added products used in residential and commercial construction, packaging, and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Michigan, with affiliates in North America, Europe, Asia and Australia. For more about UFP Industries, go to www.ufpi.com.
Allspring Global Investments Holdings LLC lessened its stake in shares of UFP Industries, Inc. (NASDAQ:UFPI – Free Report) by 15.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,060,153 shares of the construction company’s stock after selling 187,193 shares during the period. Allspring Global Investments Holdings LLC owned about 1.87% of UFP Industries worth $96,622,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the business. D.A. Davidson & CO. lifted its position in shares of UFP Industries by 49.4% in the first quarter. D.A. Davidson & CO. now owns 6,082 shares of the construction company’s stock worth $560,000 after purchasing an additional 2,010 shares in the last quarter. State of Michigan Retirement System grew its position in UFP Industries by 1.4% during the first quarter. State of Michigan Retirement System now owns 14,000 shares of the construction company’s stock valued at $1,290,000 after purchasing an additional 200 shares in the last quarter. Principal Financial Group Inc. increased its stake in UFP Industries by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 131,045 shares of the construction company’s stock valued at $12,072,000 after buying an additional 4,806 shares during the period. Fifth Third Bancorp increased its stake in UFP Industries by 1,459.9% in the 1st quarter. Fifth Third Bancorp now owns 60,136 shares of the construction company’s stock valued at $5,540,000 after buying an additional 56,281 shares during the period. Finally, IAG Wealth Partners LLC purchased a new stake in UFP Industries in the 1st quarter worth approximately $28,000. Hedge funds and other institutional investors own 81.81% of the company’s stock.
Analyst Ratings Changes Several analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on UFP Industries from $100.00 to $87.00 and set a “hold” rating for the company in a report on Monday, May 11th. Benchmark lowered their target price on UFP Industries from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Weiss Ratings cut UFP Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, June 2nd. DA Davidson dropped their price objective on UFP Industries from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Finally, BMO Capital Markets raised shares of UFP Industries from a “market perform” rating to an “outperform” rating and set a $108.00 price objective on the stock in a research report on Tuesday, May 5th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $105.40.
Get Our Latest Analysis on UFPI
UFP Industries Stock Performance Shares of NASDAQ UFPI opened at $85.93 on Friday. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 18.76 and a beta of 1.22. UFP Industries, Inc. has a one year low of $77.89 and a one year high of $118.00. The business has a fifty day simple moving average of $84.17 and a 200 day simple moving average of $93.47. The company has a current ratio of 4.64, a quick ratio of 3.07 and a debt-to-equity ratio of 0.07.
UFP Industries (NASDAQ:UFPI – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.15 by ($0.26). The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.51 billion. UFP Industries had a net margin of 4.31% and a return on equity of 8.50%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period last year, the firm earned $1.30 EPS. Sell-side analysts expect that UFP Industries, Inc. will post 4.57 EPS for the current year.
UFP Industries Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a $0.36 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.44 dividend on an annualized basis and a yield of 1.7%. UFP Industries’s payout ratio is presently 31.44%.
UFP Industries Company Profile (Free Report)
UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.
With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.
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GRAND RAPIDS, Mich., July 9, 2026 /PRNewswire/ -- UFP Industries (Nasdaq: UFPI) will announce second quarter 2026 results after the market close on Wednesday, July 29, 2026.
A conference call to discuss these results will take place on Thursday, July 30, 2026, at 10:00 a.m. Eastern Time, hosted by Will Schwartz, President and Chief Executive Officer, and Mike Cole, Chief Financial Officer.
A live audio webcast of the call along with supporting materials can be accessed using the following link or on the UFP Industries Investor Relations website. (www.ufpinvestor.com).
A replay of the call will be made available on the company's website for at least 90 days.
UFP Industries, Inc. (NASDAQ: UFPI - Get Free Report) shares hit a new 52-week low during mid-day trading on Friday. The company traded as low as $87.11 and last traded at $86.4840, with a volume of 59035 shares changing hands. The stock had previously closed at $89.68. Key Headlines Impacting UFP Industries Here are the
, /PRNewswire/ -- UFP Packaging debuted Slot-Lock and Clamp-Lock 100, two new industrial crate systems engineered for nail-gun-free assembly. The additions expand its pneumatic-free product portfolio alongside U-Loc 200, introduced in 2025.
The new systems improve workplace safety and efficiency by eliminating the need for nail and staple guns, providing safer alternatives to traditional pneumatic construction.
UFP Packaging’s nail-gun-free crate line—featuring new Slot-Lock and Clamp-Lock 100 systems alongside the previously announced U-Loc 200—improves workplace safety and efficiency by eliminating nail and staple guns.
Slot-Lock is a closed-style crate that uses CNC-routed interlocking panels and secures with strapping. It is suited for aerospace and defense components, medical technology equipment, and sensitive electronics.
Clamp-Lock 100 is an open-style crate that uses patent-pending steel L-bracket fasteners designed for hand application during assembly. It is suited for commercial equipment, building materials, and infrastructure components. "Even in mature markets like crating, innovation can meaningfully improve how work gets done," said Robert Bilbrough, director of product development. "We are proud to develop solutions that address safety, efficiency and employee satisfaction within our customers' manufacturing environments."
The new crates exceed safety standards without compromising strength or durability. Each system can be disassembled without damaging components, supporting reuse and reducing waste.
Slot-Lock
Slot-Lock is a closed-style crate that uses CNC-routed interlocking panels and secures with strapping. It is suited for aerospace and defense components, medical technology equipment, and sensitive electronics.
Clamp-Lock 100
Clamp-Lock 100 is an open-style crate that uses patent-pending steel L-bracket fasteners designed for hand application during assembly. It is suited for commercial equipment, building materials, and infrastructure components.
U-Loc 200
U-Loc 200 is an open-style crate featuring patented polyamide fasteners designed for hand application and removal. This system is ideal for automotive components as well as heavy machinery and equipment.
UFP Packaging's in-house engineering and design teams provide customizable configurations of each system. For more information, visit https://ufppackaging.com/products/nail-gun-free-crates.
About Robert Bilbrough
Robert Bilbrough is the director of product development at UFP Packaging. Over 12 years at UFP Industries, he has led the development of packaging solutions that address industry pain points and holds multiple patents for his designs. He began his career in 2014 as a specialist after earning his degree in industrial and product design from Auburn University.
About UFP Packaging
UFP Packaging is a leading North American provider of industrial packaging solutions and the largest producer of wooden pallets and crates in the United States. With expertise in metal fabrication, corrugated conversion and labeling, UFP Packaging offers a full range of packaging services, positioning itself as a comprehensive provider. Headquartered in Grand Rapids, Mich., UFP Packaging is a subsidiary of UFP Industries, Inc. (Nasdaq: UFPI).
It has been about a month since the last earnings report for UFP Industries (UFPI - Free Report) . Shares have lost about 16.2% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is UFP Industries due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for UFP Industries, Inc. before we dive into how investors and analysts have reacted as of late.
UFP Industries Q4 Earnings & Sales Miss Estimates, Both Down Y/YUFP Industries reported lower than expected fourth-quarter 2025 results, with adjusted earnings and net sales missing the Zacks Consensus Estimate and also declining year over year.
Earnings & Sales Performance in Q4Adjusted EPS of 70 cents missed the Zacks Consensus Estimate of $1.03 by 32%. In the year-ago quarter, it had reported an EPS of $1.12.
Quarterly net sales of $1.33 billion missed the consensus mark of $1.4 billion by 5.3% and declined by 9% year over year from $1.46 billion.
UFPI’s Margins & ProfitabilityGross profit totaled $216.5 million, down from $239.5 million in the year-ago quarter, with gross margin contracting to 16.3% from 16.4% a year earlier.
Adjusted EBITDA came in at $107 million, down from $132.7 million. Adjusted EBITDA margin contracted to 8.1% from 9.1% year over year.
Q4 Segment HighlightsUFP Retail Solutions: Net sales of $444 million, down 15.4% from last year. Segment adjusted EBITDA declined 44.4% to $24.5 million year over year.
UFP Packaging: Sales declined 1.4% to $370.1 million due to soft industrial activity and volatile lumber pricing. Adjusted EBITDA contracted 26.9% to $27.5 million compared to the year-ago quarter.
UFP Construction: Net sales of $439.8 million, down 9.7% year over year due to soft housing demand and weak consumer sentiment. Adjusted EBITDA tumbled year over year by 26.3% to $33.2 million.
Balance Sheet & LiquidityCash and cash equivalents were $914.2 million as of the fourth quarter of 2025, down from $1.17 billion at 2024-end. The current liquidity level is sufficient to meet the short-term obligation of $0.9 million. The long-term debt was $228.9 million as of the fourth quarter 2025-end, slightly down from $229.8 million at 2024-end.
As of Dec. 27, 2025, the company repurchased 4.5 million shares for $443 million (or $98.39 per share).
UFPI’s FY25 HighlightsIn 2025, UFPI reported net sales of $6.32 billion, down 5% from the fiscal 2024 level.
The annual gross profit was $1.06 billion, down from $1.23 billion reported in the prior year, while gross margin contracted 160 basis points year over year to 16.8%.
Adjusted EBITDA totaled $563.6 million, down from $682.3 million in fiscal 2024, while the adjusted EBITDA margin contracted 140 basis points year over year to 8.9%.
UFPI’s Long-Term Outlook For 2026The company expects market conditions to remain challenging in 2026, with demand likely to stay flat to slightly down across segments. Residential construction-related markets are expected to remain weak, while other end markets may stabilize. However, the company believes market share gains, cost-reduction efforts and growth in its Deckorators and Surestone businesses will help it outperform the broader market.
UFP Industries remains committed to its long-term growth strategy. The company still aims to achieve annual unit sales growth of 7-10%, including contributions from bolt-on acquisitions, while driving at least 10% of total sales from new products. Additionally, UFP Industries targets EBITDA margins of 12.5%.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a flat trend in fresh estimates.
VGM ScoresCurrently, UFP Industries has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock has a grade of B on the value side, putting it in the top 40% for value investors.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook UFP Industries has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
SG Americas Securities LLC grew its holdings in shares of UFP Industries, Inc. (NASDAQ:UFPI – Free Report) by 454.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,499 shares of the construction company’s stock after purchasing an additional 17,621 shares during the period. SG Americas Securities LLC’s holdings in UFP Industries were worth $1,957,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. AlphaQuest LLC grew its position in UFP Industries by 822.7% during the third quarter. AlphaQuest LLC now owns 8,480 shares of the construction company’s stock worth $793,000 after buying an additional 7,561 shares in the last quarter. Caxton Associates LLP acquired a new position in UFP Industries in the 2nd quarter valued at $1,099,000. New York State Common Retirement Fund lifted its position in shares of UFP Industries by 117.5% during the 3rd quarter. New York State Common Retirement Fund now owns 86,589 shares of the construction company’s stock valued at $8,095,000 after acquiring an additional 46,775 shares during the period. Deprince Race & Zollo Inc. bought a new stake in shares of UFP Industries during the 3rd quarter valued at $41,962,000. Finally, Numerai GP LLC acquired a new stake in shares of UFP Industries during the 3rd quarter worth $3,562,000. 81.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In A number of research analysts recently commented on UFPI shares. Zacks Research downgraded UFP Industries from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of UFP Industries in a research note on Tuesday, January 27th. Finally, DA Davidson decreased their target price on shares of UFP Industries from $112.00 to $110.00 and set a “buy” rating on the stock in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $106.67.
Check Out Our Latest Research Report on UFPI
UFP Industries Stock Performance Shares of UFPI opened at $90.37 on Monday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 3.13 and a current ratio of 4.59. UFP Industries, Inc. has a 52-week low of $84.82 and a 52-week high of $118.00. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of 18.11 and a beta of 1.44. The business’s fifty day moving average is $100.54 and its 200-day moving average is $96.07.
UFP Industries (NASDAQ:UFPI – Get Free Report) last announced its quarterly earnings data on Monday, February 23rd. The construction company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.33). UFP Industries had a return on equity of 9.27% and a net margin of 4.66%.The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the company earned $1.12 earnings per share. UFP Industries’s quarterly revenue was down 9.0% compared to the same quarter last year. Equities analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.
UFP Industries Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, March 2nd. This is an increase from UFP Industries’s previous quarterly dividend of $0.35. UFP Industries’s dividend payout ratio is 28.86%.
UFP Industries Company Profile (Free Report)
UFP Industries, Inc, founded in 1955 and headquartered in Grand Rapids, Michigan, designs, manufactures, and distributes a broad range of wood and wood-alternative products. The company operates through two primary segments: UFP Retail Solutions, which supplies building materials and components to home improvement retailers and lumber dealers, and UFP Distribution Solutions, which offers packaging, pallets, skids, and other industrial products for a variety of end markets. Its product portfolio includes treated and untreated lumber, engineered wood, decking, railing, fencing, vinyl sheets and profiles, and custom-designed packaging solutions.
With manufacturing facilities and distribution centers across the United States, Canada, Mexico and Europe, UFP Industries serves professional contractors, industrial customers, and do-it-yourself consumers.
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, /PRNewswire/ -- Deckorators®, a leading brand in the outdoor living industry and a division of UFP Industries, today announced it has acquired the remaining operating assets for MoistureShield decking, a respected brand in the decking and outdoor living market.
The acquisition represents a strategic step forward for Deckorators as it continues to expand its wood plastic composite manufacturing capabilities, strengthen its product portfolio, and accelerate innovation in the rapidly growing outdoor living category.
Deckorators, the first name in decking, railing and accessories, invented the low-maintenance aluminum balusters category and has since led the industry with innovative decking and railing products. With dependably on-trend designs, Deckorators lets DIYers and builders extend their creative ideas from a home’s interior to its outdoor living spaces. Deckorators is a brand of UFP Retail Solutions, LLC, a UFP Industries company. The newly acquired Arkansas facility brings strong expertise in traditional composite decking, complementing Deckorators' industry-leading Surestone® technology and design leadership. Together, the combined organization will be well positioned to deliver expanded product offerings and enhanced value to dealers, contractors, distributors, and homeowners.
"The addition of MoistureShield strengthens our ability to innovate and serve our customers," said Ryan Kemp, Executive Vice President of Deckorators. "By combining our technologies, product development capabilities, and market reach, we will accelerate growth and continue delivering high-performance outdoor solutions."
The outdoor living category continues to see strong demand as homeowners invest in outdoor spaces for relaxation, entertainment, and everyday living. Deckorators plans to leverage the acquisition to expand its product offerings, strengthen its reach with dealers and contractors, and accelerate product development across its decking portfolio.
"This acquisition allows us to support customers more effectively today while creating the runway we need to expand our product mix and grow the Deckorators brand over the long term," said Landon Tarvin, President of UFP Retail Solutions, which includes the Deckorators brand in its portfolio. "The facility provides immediate capacity for additional sales with opportunities to add capacity in the future as sales growth objectives are achieved. We expect that with both this investment and additional capital investments at this location, we will have the ability to double Deckorators' overall capacity of WPC to a total of $200M by 2027."
The purchase strengthens Deckorators' core business with the acquisition of manufacturing assets, certain product brands and proprietary CoolDeck® composite decking technology— which is designed to reduce heat absorption compared to standard composite decking— previously operated by Oldcastle APG.
About Deckorators
Deckorators, the first name in decking, railing and accessories, invented the low-maintenance aluminum balusters category and has since led the industry with innovative decking and railing products. With dependably on-trend designs, Deckorators lets DIYers and builders extend their creative ideas from a home's interior to its outdoor living spaces. Deckorators is a brand of UFP Retail Solutions, LLC, a UFP Industries company.
To learn more about Deckorators® decking and railing accessories, visit www.deckorators.com or call 800-556-8449.
UFP Industries, Inc., formerly Universal Forest Products, is a holding company whose operating subsidiaries—UFP Packaging, UFP Construction and UFP Retail Solutions—manufacture, distribute, and sell a wide variety of wood and alternative material building and industrial products worldwide. Founded in 1 955, the company is headquartered in Grand Rapids, Michigan, with affiliates throughout North America, Europe, Asia, and Australia. For more about UFP Industries, go to www.ufpi.com.
Key Takeaways UFP Industries acquired MoistureShield assets to boost Deckorators' composite decking capabilities.The deal adds CoolDeck tech, expands capacity and supports innovation in outdoor living products.UFPI expects WPC capacity could double to $200M by 2027, backed by strong demand trends. UFP Industries, Inc. (UFPI - Free Report) is strengthening its position in outdoor living through a strategic move by its Deckorators division. The company acquired the remaining operating assets of MoistureShield, a well-known brand in the decking market.
The acquisition marks a step to expand wood plastic composite manufacturing capabilities, enhance the product portfolio and support faster innovation. The Arkansas facility adds strong expertise in traditional composite decking. This complements Deckorators’ Surestone technology and design capabilities, improving the overall offering.
The combined platform is expected to deliver broader product options and better value to dealers, contractors, distributors and homeowners. The company also gains proprietary CoolDeck technology, which helps reduce heat absorption compared with standard composite decking. This addition strengthens product differentiation in a competitive market.
The deal also supports capacity expansion. The facility provides immediate room for additional sales and future scaling opportunities. The company expects that with further investments, Deckorators’ WPC capacity could double to $200 million by 2027. This reflects a clear growth path supported by manufacturing expansion.
Demand in outdoor living remains strong as homeowners continue to invest in outdoor spaces for daily use and leisure. The company plans to use this demand to expand product offerings, strengthen dealer and contractor reach, and accelerate product development.
In the fourth quarter of 2025, the company highlighted steady demand trends across key segments. Overall, the Deckorators deal appears to position UFP Industries to capture rising demand, expand the product mix and strengthen its competitive standing in outdoor living markets.
How UFP Industries Stacks Up Against Industry PeersUFP Industries operates in a competitive outdoor living and composite decking market. The company faces competition from players such as Trex Company, Inc. (TREX - Free Report) and Simpson Manufacturing Co., Inc. (SSD - Free Report) , both of which serve key parts of the decking and construction value chain.
Trex remains a major competitor with a strong presence in composite decking and railing products. The company continues to benefit from steady demand for low-maintenance and sustainable outdoor solutions. Trex focuses on product innovation and brand strength, which supports its leadership in the composite decking space.
Simpson Manufacturing supplies structural connectors, fasteners and building solutions used in decking and outdoor construction. The company benefits from steady residential construction and repair activity. Simpson Manufacturing’s products play a critical role in supporting deck installations and outdoor structures.
UFP Industries is strengthening its position through the Deckorators acquisition. The added capacity, expanded product mix and new technologies may help the company compete more effectively across the outdoor living value chain.
UFPI Stock’s Price Performance & Valuation TrendShares of this global distributor of wood and composite products have declined 7.2% in the past three months, underperforming the Zacks Building Products-Wood industry, the broader Construction sector and the S&P 500 Index.
Image Source: Zacks Investment Research
UFPI stock is currently trading at a discount compared with its industry peers, with a forward 12-month price-to-earnings (P/E) ratio of 16.85, as evidenced by the chart below.
Image Source: Zacks Investment Research
Earnings Estimate Revision of UFPIUFPI’s earnings estimates for 2026 have trended downward in the past 30 days to $5.19 per share. The Zacks Consensus Estimate for UFPI’s 2026 revenues indicates a 1.5% year-over-year decrease, while the same for EPS implies 3.8% growth.
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GRAND RAPIDS, Mich., April 8, 2026 /PRNewswire/ -- UFP Industries (Nasdaq: UFPI) will announce first quarter 2026 results after the market close on Wednesday, April 29, 2026.
A conference call to discuss these results will take place on Thursday, April 30, 2026, at 10:00 a.m. Eastern Time, hosted by Will Schwartz, President and Chief Executive Officer, and Mike Cole, Chief Financial Officer.
A live audio webcast of the call along with supporting materials can be accessed using the following link or on the UFP Industries Investor Relations website. (www.ufpinvestor.com).
A replay of the call will be made available on the company's website for at least 90 days.
, /PRNewswire/ -- As UFP Industries (NASDAQ: UFPI) accelerates its acquisition strategy, President and CEO Will Schwartz today announced the creation of a new executive role designed to maximize the value of newly acquired businesses and strengthen the performance of existing operations across the enterprise.
President of UFP Construction Patrick Benton is set to assume a new role as Executive Vice President of Operations Integration, starting July 1.
Current Executive Vice President of UFP Site Built Mike Ellerbrook will take over as President of UFP Construction, effective July 1. The newly created position of Executive Vice President of Operations Integration will be filled by current UFP Construction President Patrick Benton, effective July 1. Throughout his 33- year career at UFP Industries, Benton has firmly established himself as an expert operator with rich experience in all three of UFP Industries' core segments.
"As UFPI becomes more active and disciplined in M&A, we're intentionally pursuing strategic acquisitions that are well‑positioned for growth and capable of delivering stronger long‑term returns," said Schwartz. "Patrick has a proven track record of maximizing operations, driving efficiencies, and leading complex integrations, all while building a strong culture. He's a highly effective, well‑rounded operator with experience across all three segments. With this role, we'll drive greater value from our growth opportunities and strengthen our operational resiliency across the enterprise. This role is laser‑focused on results."
"As we grow the UFP business, I am excited to get synergy plans developed quicker and getting new companies fully integrated into our winning UFP culture right away," said Benton. "Getting to both the start and finish line quicker will make a big difference in maximizing the value of our acquisitions."
Benton joined UFP Industries in 1993 as a production trainee in Saginaw, Texas. He held positions of increasing responsibility, eventually becoming Vice President of Operations (South Texas) in 2008. He was subsequently named Executive Vice President of UFP Eastern Division-North in 2014 and president of the Northern Division in 2017.
In 2019, as part of UFP Industries' reorganization to focus on end-markets, he was named president of UFP Construction.
He is a native of Texas and currently resides in Charlotte, N.C. with his wife. They have 3 adult children.
Ellerbrook Named New UFP Construction President
Schwartz also today named current UFP Site Built Executive Vice President Mike Ellerbrook to the position of President of UFP Construction, also effective July 1.
"Beyond growth and efficiency, innovation and talent are essential to our long-term success, and Mike Ellerbrook is a master of both," said Schwartz. "Mike is an exceptional team builder who develops leaders from within, has deep industry relationships, and brings a vision for excellence that makes him the ideal choice to lead our Construction segment. Like many of UFP's leaders, Mike has come up through this company, and that experience gives him a deep understanding of our culture, our people, and what it takes to win."
"Our people and our culture are everything. They're what make UFP the best place to work and the strongest company in the business," said Ellerbrook. "I want to thank Patrick for his leadership, mentorship, and friendship. He's been a trusted ally and counselor every step of the way, and I wouldn't be here without him. As President of UFP Construction, my focus is simple: grow the business, create opportunities, and make sure our people grow and advance right along with it."
Ellerbrook began his career with UFP Industries just before his 19th birthday at UFP's Belchertown location. He ascended the leadership ranks by serving in both sales and operations roles, advancing through roles of increasing responsibility, until being named Vice President of the Northeast Region in 2014 and subsequently Executive Vice President of UFP Site Built in 2020.
In that role he has brought alternative materials, such as steel and aluminum, to the business unit's traditional wood component operations. Most recently he oversaw the launch of Frame Forward Systems, Site Built's concept-to-construction prefabricated wood brand.
He holds a business degree from the University of Southern Maine. Ellerbrook is a Boston native where he resides with his wife and 2 children.
, /PRNewswire/ -- UFP Industries (NASDAQ: UFPI) today announced the acquisition of the operating assets, including real estate, of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minnesota for approximately $20 million. The transaction expands UFP Packaging's pallet manufacturing footprint and strengthens UFP Packaging's ability to serve customers across the upper Midwest.
Berry Pallets designs and manufactures new pallets from its facility in Waseca. The acquisition adds approximately $23 million in annual sales and brings 75 experienced employees into the UFP family, further deepening UFP Packaging's geographic presence in a key region.
This acquisition strengthens a core business for UFP Industries and positions UFP Packaging for continued growth in the wood-based industrial packaging market. The transaction provides immediate capacity and long-term optionality to serve a growing customer base.
"This acquisition is fundamentally about strengthening our core business and adding capacity where we see long-term opportunity," said Will Schwartz, CEO of UFP Industries. "Berry Pallets has built a well-run operation with a talented team, loyal customers and a track record of consistent performance. Bringing them into the PalletOne network expands our presence in the upper Midwest, enhances our ability to serve national customers across the region, and is consistent with our strategy of disciplined investment in businesses that align with our strengths."
The Berry Pallets facility will be integrated into UFP Packaging's existing pallet manufacturing network, creating opportunities to leverage UFP's operational scale, procurement advantages, and national customer relationships — while maintaining the local expertise and customer focus that has defined Berry Pallets' success.
"We're excited to welcome the Berry Pallets team to our UFP family and build on their strengths and experience," said Scott Worthington, President, UFP Packaging. "This represents a strong strategic fit for UFP Packaging and positions us well for continued success, greater services to our customers and future opportunities throughout the region."
The acquisition underscores UFP Industries' continued focus on investing in core businesses, expanding manufacturing capacity to serve national customers, and strengthening the competitive position of its operating companies across packaging and industrial markets.
The transaction is expected to close on or around May 18, 2026.
, /PRNewswire/ -- UFP Packaging, a division of UFP Industries (NASDAQ: UFPI), announced this week the acquisition of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minn.
The transaction extends UFP Packaging's national pallet manufacturing network into the Upper Midwest — and reflects a deliberate effort to building a business that can grow alongside national customers to every corner of the country and North America.
"The way we build a truly national network isn't by planting a flag and moving on, it's by finding the right businesses in the right markets, investing in them, and scaling from a strong foundation," said Scott Worthington, President of UFP Packaging. "Berry Pallets has exactly the kind of base we look for: a well-run operation, deep customer loyalty, and a team that has earned the trust of their market. That's what gives us the platform to grow in the Upper Midwest and well beyond. And as that network scales across regions, the efficiencies we create translate directly into value for our customers."
"Berry Pallets brings exactly what we look for in an acquisition: a well-run facility, a loyal customer base, and a team that knows their market," said Justin Elwell, Executive Vice President of PalletOne, UFP Packaging's national pallet business. "Our role is to provide the operation with the stability, investment, and broader resources to grow — without disrupting what has made them successful. When you build into a region the right way, you create the kind of strength that national customers can depend on."
The acquisition advances UFP Industries' capital allocation strategy, which prioritizes investments in core, higher-margin businesses, disciplined M&A, and the expansion of manufacturing capacity in markets that support national customers across packaging and industrial end uses. For UFP Packaging, the strategy is as much about depth as it is about reach — acquiring businesses with proven track records, investing in their growth, and building a multi-region platform where scale drives efficiency and customers benefit from more competitive, consistent service from the Upper Midwest to every corner of North America.
About UFP Packaging UFP Packaging is a leading North American provider of industrial packaging solutions and the largest producer of wooden pallets and crates in the United States. Headquartered in Grand Rapids, Mich., UFP Packaging is a member of the UFP Industries (NASDAQ: UFPI) family of companies.
About PalletOne A UFP Packaging company, PalletOne is the nation's largest single-source pallet manufacturer. Headquartered in Bartow, Fla., the company manufactures pallets, provides pallet repair programs, recycles used pallets, and produces a variety of other wood products — including customized services such as Pallet Concierge™ and wood packaging design, engineering, and testing. PalletOne is an industry leader in robotic and automated pallet manufacturing. For more information, visit www.palletone.com.
About UFP Industries UFP Industries' operating subsidiaries manufacture, distribute, and sell a wide variety of value-added products used in residential and commercial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates in North America, Europe, Asia, and Australia. For more information, visit www.ufpi.com.
, /PRNewswire/ -- UFP Industries, Inc. (Nasdaq: UFPI) a leading manufacturer focused on delivering value-added products across its Retail, Packaging, and Construction segments reported results for the first quarter 2026.
Net Sales of $1.46 billion decreased by 8 percent compared to $1.6 billion a year ago due to a 1 percent decrease in price and a 7 percent decline in organic units. Diluted earnings per share of $0.89 compared to $1.30 a year ago, and Net Earnings Attributable to Controlling Interests of $51 million compared to $79 million a year ago. Earnings were primarily impacted by a weaker residential construction market, adverse weather, and higher healthcare and fuel costs. Adjusted EBITDA1 was $111.4 million in the quarter, or 7.6 percent of net sales compared to 8.9 percent a year ago. New product sales were 7.8 percent of total net sales. Cash flows used in operating activities in 2026 was $104 million. Free cash flow1 of $87 million was used to repurchase nearly $30 million of our shares. Will Schwartz, President and CEO of UFP Industries, commented, "After seeing stabilization earlier in the quarter, geopolitical tensions, unfavorable weather, and rising input costs added volatility to our operations in March, which accounted for more than half of the year-over-year decline in profits in the quarter. While we believe these headwinds will be temporary, we are actively working to offset these higher costs, particularly transportation. Despite the current backdrop, we have made considerable progress managing the things under our control and executing our strategies to position the business for long-term success. We are on track to deliver the remaining $25 million or more from our initial $60 million cost out program by year end. At the same time, we have continued to invest through the cycle. By combining greenfield expansion with disciplined M&A, we are strengthening our core businesses, introducing innovative products, and structurally lowering our cost base. I'm incredibly proud of our team for their continued hard work. Our scale, diversified portfolio, and deep customer relationships have consistently positioned us well during periods like these and we continue to strengthen our position to drive above market growth and returns when markets recover."
Schwartz continued, "We have maintained a patient and disciplined approach to deploying capital this cycle while staying focused on finding the best and highest returns for our capital. This remains central to how we operate. After the quarter closed, we completed one transaction that strengthens our core businesses and supports our strategy to expand our footprint and drive higher-margin growth, and we expect to close an additional transaction in May. Our M&A pipeline remains active, and we continue to pursue strategic targets and organic investments, while opportunistically returning cash to our shareholders given our robust financial position. Following $56 million in a recent acquisition, $30 million in share repurchases, and a 3% dividend increase, we continue to maintain ample liquidity and financial flexibility. We are confident in our diversified business model and balanced capital allocation approach, which we believe puts us in a strong position to continue to drive shareholder value."
1
Represents a non-GAAP measurement; see the reconciliation of non-GAAP financial measures and related explanations below.
First Quarter 2026 Highlights
UFP Consolidated
(In thousands)
Quarter Period and Year to Date
2026
2025
% Change
Net sales
$
1,461,267
$
1,595,519
(8.4)
%
Net earnings
51,097
79,423
(35.7)
Net margin
3.5
%
5.0
%
Adjusted EBITDA
111,356
142,151
(21.7)
Adjusted EBITDA margin
7.6
%
8.9
%
Percentage change in net sales:
Organic units
(7)
%
Acquisitions
—
Selling prices
(1)
UFP Retail
(In thousands)
Quarter Period and Year to Date
2026
2025
% Change
Net sales
$
531,176
$
607,383
(12.5)
%
Net earnings
18,672
20,663
(9.6)
Net margin
3.5
%
3.4
%
Adjusted EBITDA
34,832
35,849
(2.8)
Adjusted EBITDA margin
6.6
%
5.9
%
Percentage change in net sales:
Organic units
(13)
%
Acquisitions
—
Selling prices
1
ProWood organic unit sales declined 15 percent in the quarter from year ago levels due to unfavorable winter weather, the absence of storm-related demand which carried over from the fall of 2024 into early 2025, the loss of low margin commodity sales which commenced in the second quarter of 2025, and generally weaker consumer sentiment. Deckorators' organic unit sales grew 2 percent in the quarter from year ago levels. Our Surestone decking sales increased 27 percent and our traditional wood plastic composite decking increased 4 percent, both from the same quarter a year ago. UFP Edge organic unit sales declined 20 percent due to the closure of the Bonner facilities at the end of 2025 and rationalizing the product portfolio to those that can achieve profitability targets. UFP Packaging
(In thousands)
Quarter Period and Year to Date
2026
2025
% Change
Net sales
$
394,093
$
410,008
(3.9)
%
Net earnings
11,659
16,917
(31.1)
Net margin
3.0
%
4.1
%
Adjusted EBITDA
27,790
35,045
(20.7)
Adjusted EBITDA margin
7.1
%
8.5
%
Percentage change in net sales:
Organic units
(3)
%
Acquisitions
1
Selling prices
(2)
Structural Packaging organic unit sales were flat in the quarter compared to year ago levels. PalletOne organic unit sales declined 11 percent in the quarter from year ago levels due to weaker demand, which was partially offset by a 4 percent contribution from acquisitions. Protective Packaging organic unit sales increased 5 percent in the quarter from a year ago levels as a result of the Jeffersonville, Indiana facility, which became fully operational in the third quarter of 2025. UFP Construction
(In thousands)
Quarter Period and Year to Date
2026
2025
% Change
Net sales
$
465,513
$
515,940
(9.8)
%
Net earnings
11,723
21,944
(46.6)
Net margin
2.5
%
4.3
%
Adjusted EBITDA
25,687
37,310
(31.2)
Adjusted EBITDA margin
5.5
%
7.2
%
Percentage change in net sales:
Organic units
(5)
%
Acquisitions
—
Selling prices
(5)
Site Built organic unit sales declined 14 percent in the quarter from year ago levels due to soft demand caused by economic uncertainty, housing affordability challenges, and unfavorable weather. Factory Built organic unit sales declined 8 percent in the quarter from year ago levels due to the loss of low margin commodity sales, partially offset by a 1 percent contribution from acquisitions. Despite the decline, gross profits improved. Concrete Forming Solutions' organic unit sales grew 14 percent in the quarter from year ago levels driven by market share gains associated with value-added product sales. Commercial organic sales grew 15 percent in the quarter from year ago levels as overall demand has improved. Capital Structure, Leverage and Liquidity Information
UFP Industries maintains a strong balance sheet and as of March 28, 2026, had liquidity of approximately $2.0 billion consisting of over $715 million of cash and $1.3 billion of remaining availability under its revolving credit facility and a shelf agreement with certain lenders. The company's return-focused approach to capital allocation includes the following:
Organic Growth. The company invests in organic growth opportunities when acquisition targets are not available at valuations that will allow us to meet or exceed targeted return rates. The company expects to invest approximately $250 million to $275 million on capital projects in 2026. Acquisitions and Inorganic Growth. In April, the company closed one transaction, expanding production capacity and expanding our geographic reach in one of our core businesses, and announced another transaction expected to close in May. On April 6, 2026, the company acquired the operating assets of the composite decking manufacturing facility of MoistureShield, Inc., a leading player in the growing wood plastic composite industry, for $56 million in cash. The acquisition expands our manufacturing capacity to meet the growing demand for our Deckorators product offering. In 2025, MoistureShield had sales of approximately $50 million. On April 28, 2026, the company announced the plan to acquire Berry Pallets, Inc., a wood pallet manufacturer, in May 2026 for an estimated $20 million in cash. In 2025, Berry Pallets had sales of approximately $23 million. Dividend Payments. On April 22, 2026, the Board declared a quarterly cash dividend of $0.36 per share. This dividend is payable on June 15, 2026, to shareholders of record on June 1, 2026. The per share cash dividend amount represents a 3% increase from the 2025 dividend rate. We continue to consider our payout ratio and yield when determining the appropriate dividend rate and have a long-term objective of increasing our dividend in line with our future earnings and free cash flow growth. Share Repurchases. During the quarter ended March 28, 2026, we repurchased 334,541 shares for $30 million, at an average share price of $89.76. 2026 Outlook and Long-Term Targets
We anticipate that the current, more challenging market environment will continue in 2026 and that overall demand for the balance of the year will likely be towards the lower end of our prior guidance, which called for flat to slightly down unit expectations in each of our segments based on our sales mix. Input cost, primarily tied to energy and transportation, will remain a headwind, and while we have mechanisms in place to offset these higher costs, we expect to make progress gradually through the remainder of the year. Markets tied to new residential construction are expected to remain more challenging, while we expect stabilization across our other end markets will serve as an offset. Despite these conditions, we believe we are positioned to perform better than our markets as a result of share gains across our portfolio and the execution of our cost out program. In addition, initial stocking orders, upgraded manufacturing capacity, and expanded distribution are expected to support momentum in our Deckorators and Surestone businesses in 2026.
The company's long-term goals remain unchanged and include: 1) achieving 7-10 percent unit sales growth annually (including bolt-on acquisitions) with at least 10 percent of all sales coming from new products; 2) achieving 12.5 percent adjusted EBITDA margins; 3) earning an incremental return on new investments over our hurdle rate; and 4) maintaining a conservative capital structure.
Conference Call
UFP Industries will host a conference call on Thursday, April 30, 2026, to discuss these results and outlook. The conference call will begin at 10:00 a.m. Eastern Time and will be hosted by CEO Will Schwartz and CFO Michael Cole. Interested investors can access the webcast directly with this link (here). A replay of the call will be available through the UFP Investor Relations website at www.ufpinvestor.com for at least 90 days following the call.
UFP Industries, Inc.
UFP Industries, Inc. is a holding company whose operating subsidiaries – UFP Packaging, UFP Construction and UFP Retail – manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates in North America, Europe, Asia and Australia. For more about UFP Industries, go to www.ufpi.com.
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act, as amended, that are based on management's beliefs, assumptions, current expectations, estimates and projections about the markets we serve, the economy and the Company itself. Words like "anticipates," "believes," "confident," "estimates," "expects," "forecasts," "likely," "plans," "projects," "should," variations of such words, and similar expressions identify such forward-looking statements. These statements do not guarantee future performance and involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. The Company does not undertake to update forward-looking statements to reflect facts, circumstances, events, or assumptions that occur after the date the forward-looking statements are made. Actual results could differ materially from those included in such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Among the factors that could cause actual results to differ materially from forward-looking statements are the following: fluctuations in currency and inflation; fluctuations in the price of lumber; adverse or unusual weather conditions; adverse economic conditions in the markets we serve; changes in tariffs, import/export regulations, and other trade policies; concentration of sales to customers; the success of vertical integration strategies; excess capacity or supply chain challenges; inbound and outbound transportation costs; alternatives to replace treated wood products; government regulations, particularly involving environmental and safety regulations; our ability to make successful business acquisitions; cybersecurity breaches; and potential pandemics. Certain of these risk factors as well as other risk factors and additional information are included in the Company's reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.
Non-GAAP Financial Information
This release includes certain financial information not prepared in accordance with U.S. GAAP. Because not all companies calculate non-GAAP financial information identically (or at all), the presentations herein may not be comparable to other similarly titled measures used by other companies. Management uses Adjusted EBITDA and Free cash flow, non-GAAP financial measures, in order to evaluate historical and ongoing operations. Management believes that these non-GAAP financial measures are useful in order to enable investors to perform meaningful comparisons of historical and current performance. Adjusted EBITDA and Free cash flow are intended to supplement and should be read together with the financial results. Adjusted EBITDA and Free cash flow should not be considered alternatives or substitutes for, and should not be considered superior to, the reported financial results. Accordingly, users of this financial information should not place undue reliance on the non-GAAP financial measures. See the table below for a reconciliation of Net earnings to Adjusted EBITDA and a reconciliation of Cash flow from operations to Free cash flow.
Net earnings
Net earnings refers to net earnings attributable to controlling interest unless specifically noted.
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND
COMPREHENSIVE INCOME (UNAUDITED)
FOR THE THREE MONTHS ENDED
MARCH 2026/2025
Quarter Period and Year to Date
(In thousands, except per share data)
2026
2025
Net sales
$
1,461,267
100.0
%
$
1,595,519
100.0
%
Cost of sales
1,225,378
83.9
1,327,323
83.2
Gross profit
235,889
16.1
268,196
16.8
Operating expenses
Selling, general and administrative expenses
172,883
11.8
176,254
11.0
Net gain on disposition and impairments of assets
(1,652)
(0.1)
(76)
—
Other losses (gains), net
577
—
(234)
—
Total operating expenses
171,808
11.8
175,944
11.0
Earnings from operations
64,081
4.4
92,252
5.8
Interest and other
(2,863)
(0.2)
(8,429)
(0.5)
Earnings before income taxes
66,944
4.6
100,681
6.3
Income taxes
15,847
1.1
21,258
1.3
Net earnings
51,097
3.5
79,423
5.0
Less net earnings attributable to noncontrolling interest
(323)
—
(670)
—
Net earnings attributable to controlling interest
$
50,774
3.5
$
78,753
4.9
Earnings per share - basic
$
0.90
$
1.30
Earnings per share - diluted
$
0.89
$
1.30
Comprehensive income
$
50,194
$
82,604
Less comprehensive income attributable to noncontrolling interest
(258)
(637)
Comprehensive income attributable to controlling interest
$
49,936
$
81,967
CONDENSED CONSOLIDATED STATEMENTS
OF EARNINGS BY SEGMENT (UNAUDITED)
FOR THE THREE MONTHS ENDED MARCH 2026/2025
Quarter Period and Year to Date 2026
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net sales
$
531,176
$
394,093
$
465,513
$
68,505
$
1,980
$
1,461,267
Cost of sales
450,614
333,745
387,896
56,782
(3,659)
1,225,378
Gross profit
80,562
60,348
77,617
11,723
5,639
235,889
Selling, general and administrative expenses
56,046
45,203
61,826
8,978
830
172,883
Net loss (gain) on disposition and impairments of
assets
68
(170)
13
1
(1,564)
(1,652)
Other losses (gains), net
55
—
423
106
(7)
577
Earnings from operations
24,393
15,315
15,355
2,638
6,380
64,081
Interest and other
(70)
40
(3)
(1,820)
(1,010)
(2,863)
Earnings before income taxes
24,463
15,275
15,358
4,458
7,390
66,944
Income taxes
5,791
3,616
3,635
904
1,901
15,847
Net earnings
$
18,672
$
11,659
$
11,723
$
3,554
$
5,489
$
51,097
Quarter Period and Year to Date 2025
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net sales
$
607,383
$
410,008
$
515,940
$
60,298
$
1,890
$
1,595,519
Cost of sales
526,088
340,434
425,140
49,666
(14,005)
1,327,323
Gross profit
81,295
69,574
90,800
10,632
15,895
268,196
Selling, general and administrative expenses
55,355
47,769
62,784
8,462
1,884
176,254
Net loss (gain) on disposition and impairments of
assets
24
32
120
—
(252)
(76)
Other (gains) losses, net
(218)
—
80
(54)
(42)
(234)
Earnings from operations
26,134
21,773
27,816
2,224
14,305
92,252
Interest and other
(60)
328
(1)
(947)
(7,749)
(8,429)
Earnings before income taxes
26,194
21,445
27,817
3,171
22,054
100,681
Income taxes
5,531
4,528
5,873
669
4,657
21,258
Net earnings
$
20,663
$
16,917
$
21,944
$
2,502
$
17,397
$
79,423
RECONCILIATION OF NET EARNINGS TO
ADJUSTED EBITDA BY SEGMENT (UNAUDITED)
FOR THE THREE MONTHS ENDED MARCH 2026/2025
Quarter Period and Year to Date 2026
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net earnings
$
18,672
$
11,659
$
11,723
$
3,554
$
5,489
$
51,097
Interest and other
(70)
40
(3)
(1,820)
(1,010)
(2,863)
Income taxes
5,791
3,616
3,635
904
1,901
15,847
Expenses associated with share-based compensation
arrangements
1,778
2,226
2,870
112
1,486
8,472
Net loss (gain) on disposition and impairments of
assets
68
(170)
13
1
(1,564)
(1,652)
Depreciation expense
7,757
8,316
6,774
1,010
11,228
35,085
Amortization of intangibles
836
2,103
675
1,640
116
5,370
Adjusted EBITDA
$
34,832
$
27,790
$
25,687
$
5,401
$
17,646
$
111,356
Net earnings as a percentage of net sales
3.5 %
3.0 %
2.5 %
5.2 %
*
3.5 %
Adjusted EBITDA as a percentage of net sales
6.6 %
7.1 %
5.5 %
7.9 %
*
7.6 %
* Not meaningful
Quarter Period and Year to Date 2025
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net earnings
$
20,663
$
16,917
$
21,944
$
2,502
$
17,397
$
79,423
Interest and other
(60)
328
(1)
(947)
(7,749)
(8,429)
Income taxes
5,531
4,528
5,873
669
4,657
21,258
Expenses associated with share-based compensation
arrangements
1,424
2,164
2,825
264
4,884
11,561
Net loss (gain) on disposition and impairments of
assets
24
32
120
—
(252)
(76)
Gain from reduction of estimated earnout liability
—
—
(344)
—
—
(344)
Depreciation expense
7,310
8,897
6,191
944
9,599
32,941
Amortization of intangibles
957
2,179
702
1,601
378
5,817
Adjusted EBITDA
$
35,849
$
35,045
$
37,310
$
5,033
$
28,914
$
142,151
Net earnings as a percentage of net sales
3.4 %
4.1 %
4.3 %
4.1 %
*
5.0 %
Adjusted EBITDA as a percentage of net sales
5.9 %
8.5 %
7.2 %
8.3 %
*
8.9 %
* Not meaningful
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
MARCH 2026/2025
(In thousands)
Assets
2026
2025
Liabilities and equity
2026
2025
Current assets
Current liabilities
Cash and cash equivalents
$
714,453
$
903,562
Accounts payable
$
255,982
$
277,690
Restricted cash
13,952
1,061
Accrued liabilities and other
226,913
214,751
Investments
40,104
30,725
Current portion of debt
6,027
4,085
Accounts receivable
647,770
712,990
Inventories
767,131
754,913
Total current liabilities
488,922
496,526
Other current assets
86,330
61,140
Long-term debt and finance lease
obligations
228,310
229,936
Total current assets
2,269,740
2,464,391
Other liabilities
213,406
159,488
Other assets
277,732
266,949
Temporary equity
485
5,280
Intangible assets, net
478,775
495,921
Property, plant and equipment,
net
1,005,567
923,025
Shareholders' equity
3,100,691
3,259,056
Total assets
$
4,031,814
$
4,150,286
Total liabilities and equity
$
4,031,814
$
4,150,286
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
FOR THE THREE MONTHS ENDED
MARCH 2026/2025
(In thousands)
2026
2025
Cash flows used in operating activities:
Net earnings
$
51,097
$
79,423
Adjustments to reconcile net earnings to net cash from operating activities:
Depreciation
35,085
32,941
Amortization of intangibles
5,370
5,817
Expense associated with share-based and grant compensation arrangements
8,472
11,561
Deferred income taxes
(1,822)
(17)
Unrealized (gain) loss on investment and other
(921)
672
Impairment of investments
4,000
—
Equity in loss of investee
(53)
19
Net gain on sale, disposition and impairment of assets
(1,652)
(76)
Gain from reduction of estimated earnout liability
—
(344)
Changes in:
Accounts receivable
(172,087)
(211,709)
Inventories
(45,312)
(33,830)
Accounts payable
45,358
52,902
Accrued liabilities and other
(31,154)
(46,166)
Net cash used in operating activities
(103,619)
(108,807)
Cash flows used in investing activities:
Capital expenditures
(48,265)
(67,268)
Proceeds from sale of property, plant and equipment
6,110
758
Acquisitions and purchases of non-controlling interest, net of cash received
—
(3,735)
Purchases of investments
(7,836)
(7,191)
Proceeds from sale of investments
2,470
2,304
Other
(307)
(418)
Net cash used in investing activities
(47,828)
(75,550)
Cash flows used in financing activities:
Borrowings under revolving credit facilities
10,968
4,798
Repayments under revolving credit facilities
(6,175)
(4,752)
Contingent consideration payments and other
(83)
(221)
Proceeds from issuance of common stock
577
650
Dividends paid to shareholders
(20,456)
(21,322)
Distributions to noncontrolling interest
(1,082)
—
Purchase of remaining noncontrolling interest of subsidiary
(3,937)
—
Payments to taxing authorities in connection with shares directly withheld from employees
(1,205)
(9,547)
Repurchase of common stock
(23,993)
(60,553)
Other
26
21
Net cash used in financing activities
(45,360)
(90,926)
Effect of exchange rate changes on cash
141
312
Net change in cash and cash equivalents
(196,666)
(274,971)
All cash and cash equivalents, beginning of period
925,071
1,179,594
All cash and cash equivalents, end of period
$
728,405
$
904,623
Reconciliation of cash and cash equivalents and restricted cash:
Cash and cash equivalents, beginning of period
$
914,199
$
1,171,828
Restricted cash, beginning of period
10,872
7,766
All cash and cash equivalents, beginning of period
$
925,071
$
1,179,594
Cash and cash equivalents, end of period
$
714,453
$
903,562
Restricted cash, end of period
13,952
1,061
All cash and cash equivalents, end of period
$
728,405
$
904,623
RECONCILIATION OF NET CASH FROM OPERATING
ACTIVITIES TO FREE CASH FLOW (UNAUDITED)
FOR THE THREE MONTHS ENDED MARCH 2026/2025
(In thousands)
2026
2025
Net cash used in operating activities
$
(103,619)
$
(108,807)
Increase in investment in net working capital
203,195
238,803
Maintenance capital expenditures(1)
(15,000)
(18,980)
Interest expense, net of taxes
2,002
2,106
Free cash flow
$
86,578
$
113,122
(1) Breakdown of Capital expenditures from the condensed consolidated statements of cash flows:
UFP Industries (UFPI - Free Report) came out with quarterly earnings of $0.89 per share, missing the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.3 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -22.83%. A quarter ago, it was expected that this wood and materials provider for the construction industry would post earnings of $1.03 per share when it actually produced earnings of $0.7, delivering a surprise of -32.04%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
UFP Industries, which belongs to the Zacks Building Products - Wood industry, posted revenues of $1.46 billion for the quarter ended March 2026, missing the Zacks Consensus Estimate by 4.79%. This compares to year-ago revenues of $1.6 billion. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
UFP Industries shares have added about 5.2% since the beginning of the year versus the S&P 500's gain of 4.3%.
What's Next for UFP Industries?While UFP Industries has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for UFP Industries was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.58 on $1.8 billion in revenues for the coming quarter and $5.19 on $6.23 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Wood is currently in the bottom 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Trex (TREX - Free Report) , another stock in the same industry, has yet to report results for the quarter ended March 2026. The results are expected to be released on May 7.
This maker of fencing and decking products is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of -15%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.
Trex's revenues are expected to be $339.28 million, down 0.2% from the year-ago quarter.
, /PRNewswire/ -- UFP Industries (NASDAQ: UFPI) today announced the acquisition of the operating assets of John Rock, Inc., a new pallet manufacturer headquartered in Coatesville, Pa., for approximately $48 million. The transaction fills a key gap in PalletOne, Inc.'s geographic reach and strengthens UFP Packaging's ability to serve national customers with a presence in the northeast region.
John Rock, a subsidiary of Kamps Pallets, designs and manufactures new pallets across Pennsylvania and Virginia. UFP Industries is purchasing three of the four operating locations: Coatesville, Pa., Mifflintown, Pa. and Bowling Green, Va. The remaining sawmill at Dilwyn, Va. will remain with the seller. The acquisition of the three locations adds approximately $82 million in annual sales and brings nearly 250 employees into the UFP family.
This acquisition strengthens a core business for UFP Industries and expands PalletOne's scale in a strategically important geography. The transaction includes all key operating assets of John Rock, allowing for immediate manufacturing and service continuity while providing a strong platform for operational improvement and long‑term growth.
"This acquisition is fundamentally about strengthening our core packaging business and expanding our footprint in a region where we see long‑term opportunity," said Will Schwartz, Chief Executive Officer of UFP Industries. "John Rock has built a well‑established pallet manufacturing operation with strong customer relationships and experienced teams. Bringing this business into PalletOne enhances our ability to serve customers across the northeast and positions us to unlock value through operational synergies and scale."
The acquired operations will be integrated into PalletOne's existing manufacturing network, creating opportunities to improve efficiency, enhance service levels, leverage UFP's procurement and operational capabilities, and growth with national customers — while maintaining the local expertise and customer focus that has defined John Rock's success.
"John Rock is a well‑known name in the northeast pallet market, with a strong team and a diverse customer base," said Scott Worthington, President, UFP Packaging. "We are excited to welcome their employees to PalletOne and look forward to building on the foundation they have established as we integrate the business into our network."
The acquisition underscores UFP Industries' continued focus on investing in its core businesses, expanding manufacturing capacity in key markets, enhancing its ability to serve national customers, and strengthening the competitive position of its operating companies across packaging and industrial markets.
, /PRNewswire/ -- UFP Packaging a division of UFP Industries (NASDAQ: UFPI), has brought two strategic acquisitions into its network that significantly expand UFP Packaging's national pallet manufacturing into the Northeast and Upper Midwest and advance its ability to deliver consistent, large-scale pallet solutions to national customers across the country.
As of this week, UFP Packaging has acquired the operating assets of three locations of John Rock, Inc., a pallet manufacturer headquartered in Coatesville, Pa. This is in addition to the acquisition of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minn., announced last week. Together, the transactions extend the geographic reach of UFPP's pallet business into two high-demand supply chain corridors.
"These acquisitions are a direct reflection of our strategy — building a network that gives national customers the consistency, reliability, and reach they need, no matter where they operate," said Scott Worthington, President of UFP Packaging. "Adding John Rock and Berry Pallets closes critical gaps in our Northeast and Upper Midwest footprint and strengthens our ability to serve large, multi-region customers at the scale and speed the market demands. Together, they make the PalletOne platform meaningfully stronger."
John Rock designs and manufactures new and recycled pallets — including stringer, combo and heat-treated pallets — across three locations in Pennsylvania and Virginia, adding approximately $82 million in annual revenue and nearly 250 employees to the UFP Packaging network.
Berry Pallets designs and manufactures new and recycled pallets from its Waseca, Minnesota facility, contributing approximately $23 million in annual revenue and 75 employees to the organization. Combined, the two acquisitions add more than $105 million in annual revenue and approximately 375 employees to UFP Packaging's PalletOne network, the nation's largest single-source pallet manufacturer.
"John Rock has spent decades building a strong, multi-site operation with deep customer relationships across the Northeast. That kind of regional density and expertise is exactly what we look for," said Justin Elwell, Executive Vice President of PalletOne. "Berry Pallets brings the same qualities to the Upper Midwest: a well-run facility, a loyal customer base, and a team that knows their market. Our role is to provide both operations with the stability, investment, and broader resources to grow — without disrupting what has made them successful."
The transactions further advance UFP Industries' capital allocation strategy, which prioritizes investments in core, higher-margin businesses, disciplined M&A, and the expansion of manufacturing capacity in markets that support national customers across packaging and industrial end uses.
About UFP Packaging
UFP Packaging is a leading North American provider of industrial packaging solutions and the largest producer of wooden pallets and crates in the United States. With expertise in metal fabrication, corrugated conversion and labeling, UFP Packaging offers a full range of packaging services, positioning itself as a comprehensive provider. Headquartered in Grand Rapids, Mich., UFP Packaging is a subsidiary of UFP Industries, Inc. (Nasdaq: UFPI).
For more information, visit https://ufppackaging.com/.
Latest expansion makes newest enhanced treated lumber product available to builders across nearly half of the U.S.
, /PRNewswire/ -- ProWood®, a leading manufacturer of pressure-treated lumber and part of UFP Industries, Inc. (Nasdaq: UFPI), is once again expanding availability of TrueFrame™ Joist, the first product of its kind in the new enhanced treated lumber category. Previously available in Colorado and across the Great Lakes and Midwest states, TrueFrame Joist is now available throughout the Northeast and South Atlantic.
ProWood Expands Availability of TrueFrame™ Joist TrueFrame Joist is built to deliver consistently straight, stable performance, helping deck builders reduce jobsite variability and achieve predictable results build after build.
"TrueFrame Joist reduces the variability inherent in the deck framing process, so crews can move faster and install with greater confidence and predictability," said Luke Snyder, product manager at ProWood.
Each TrueFrame Joist is manufactured from #1 grade Southern Yellow Pine, infused with proprietary next-generation stabilizer additive, kiln-dried after treatment (KDAT) for improved stability and easier handling, and factory-planed to within 1/16 inch for flat edges and consistent sizing.
TrueFrame Joist is:
Backed by a Limited Lifetime Warranty Manufactured to meet UC4A Ground Contact standards Available in nominal 2x8-, 2x10-, and 2x12-inch lengths of 12, 14, 16, and 20 feet (Actual sizes: 1 1/2x7, 1 1/2x9, and 1 1/2x11 inches) Color-infused for lasting beauty with no staining or sealing required at installation "TrueFrame Joist bridges the gap between traditional treated lumber and other framing alternatives," said Ashley VanderWall, brand marketing manager at ProWood. "It's a practical solution for quality-focused deck builders who want elevated performance without an over-engineered substructure."
Sean Collinsgru, ProWood ambassador and owner of Premier Outdoor Living in New Jersey, sourced TrueFrame Joist for his latest decking project. He says the product's light weight and consistent sizing made framing easier and faster for his crew. He plans to use it for all his projects in 2026.
"There's been so much talk in the industry over the last few years about alternative framing options," Collinsgru said. "But ProWood took a time-tested, sustainable, and economic material and made it better."
To learn more or find a TrueFrame dealer, visit https://www.prowood.com/c/trueframe-joist.
ABOUT PROWOOD
ProWood, a brand of UFP Retail Solutions, LLC, a UFP Industries company, is the industry's foremost manufacturer-distributor of lumber products and premier building materials. With a nationwide presence and a diverse range of products tailored for both building professionals and DIY homeowners, we deliver solutions that meet every need. Backed by industry-leading warranties and a relentless commitment to innovation, ProWood leads the way in education and product expertise, ensuring an exceptional customer experience at every touchpoint.
To learn more about ProWood, visit www.prowood.com or call 844-529-5882.
UFP INDUSTRIES, INC. (NASDAQ: UFPI)
UFP Industries, Inc. is a holding company whose operating subsidiaries – UFP Packaging, UFP Construction and UFP Retail Solutions – manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates in North America, Europe, Asia and Australia. For more about UFP Industries, go to www.ufpi.com.
It has been about a month since the last earnings report for UFP Industries (UFPI - Free Report) . Shares have lost about 8.9% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is UFP Industries due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for UFP Industries, Inc. before we dive into how investors and analysts have reacted as of late.
UFP Industries Q1 Earnings & Sales Miss Estimates, Both Down Y/YUFP Industries reported weaker-than-expected first-quarter 2026 results, with adjusted earnings and net sales missing the Zacks Consensus Estimate and also declining year over year.
Earnings & Sales Performance in Q1Adjusted EPS of 89 cents missed the Zacks Consensus Estimate of $1.15 by 22.6%. In the year-ago quarter, it had reported adjusted EPS of $1.30.
Quarterly net sales of $1.46 billion missed the consensus mark of $1.54 billion by 4.8% and declined 8.4% year over year from $1.60 billion. Lower organic unit sales, adverse weather conditions and weaker residential construction demand hurt quarterly performance.
UFPI’s Margins & ProfitabilityGross profit totaled $235.9 million, down from $268.2 million in the year-ago quarter, with gross margin contracting to 16.1% from 16.8% a year earlier. Higher healthcare and fuel costs, along with lower fixed-cost absorption, weighed on profitability during the quarter.
Adjusted EBITDA came in at $111.4 million, down from $142.2 million. Adjusted EBITDA margin contracted to 7.6% from 8.9% year over year. Net earnings attributable to controlling interest declined to $50.8 million from $78.8 million in the year-ago quarter.
Q1 Segment HighlightsUFP Retail: Net sales of $531.2 million, down 12.5% from last year. Segment adjusted EBITDA declined 2.8% to $34.8 million year over year. ProWood organic unit sales declined 15% due to unfavorable winter weather, weaker consumer sentiment and lower storm-related demand.
Deckorators organic unit sales increased 2% year over year. Surestone decking sales climbed 27%, while traditional wood plastic composite decking sales increased 4% from the prior-year quarter. UFP Edge organic unit sales declined 20% due to facility closures and portfolio rationalization efforts.
UFP Packaging: Sales declined 3.9% to $394.1 million due to weaker industrial demand and lower selling prices. Adjusted EBITDA contracted 20.7% to $27.8 million compared with the year-ago quarter. Structural Packaging organic unit sales remained flat, while PalletOne organic unit sales declined 11%.
Protective Packaging organic unit sales increased 5% year over year, aided by contributions from the Jeffersonville, IN, facility that became fully operational in third-quarter 2025.
UFP Construction: Net sales of $465.5 million, down 9.8% year over year due to housing affordability challenges, economic uncertainty and unfavorable weather conditions. Adjusted EBITDA tumbled 31.2% year over year to $25.7 million.
Site Built organic unit sales declined 14% during the quarter. Factory Built organic unit sales fell 8% due to the loss of low-margin commodity sales. Meanwhile, Concrete Forming Solutions’ organic unit sales grew 14% and Commercial’s organic sales rose 15% year over year.
Balance Sheet & LiquidityCash and cash equivalents were $714.5 million as of first-quarter 2026-end, down from $914.2 million at 2025-end. The current liquidity level remains strong, with total liquidity of nearly $2 billion, including $1.3 billion available under its revolving credit facility and shelf agreement.
The long-term debt and finance lease obligations were $228.3 million as of first-quarter 2026-end compared with $229.8 million at 2025-end. During the quarter, the company repurchased 334,541 shares for nearly $30 million at an average share price of $89.76.
UFPI’s 2026 Outlook & Long-Term TargetsManagement expects the challenging market environment to continue in 2026, with overall demand likely trending toward the lower end of prior guidance for flat to slightly down unit expectations across segments. Residential construction-related markets are expected to remain weak, while other end markets may stabilize gradually.
The company expects market share gains, execution of its cost-out initiatives and growth in its Deckorators and Surestone businesses to support performance. UFP Industries reiterated its long-term targets of achieving 7-10% annual unit sales growth, generating at least 10% of total sales from new products and maintaining adjusted EBITDA margins of 12.5%.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -7.3% due to these changes.
VGM ScoresAt this time, UFP Industries has a average Growth Score of C, though it is lagging a bit on the Momentum Score front with a D. However, the stock has a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise UFP Industries has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.
UFP Industries remains a 'buy' despite recent revenue, profit, and cash flow declines driven by weak housing and end-market conditions. UFPI's strong balance sheet, with $534.2 million in net cash, provides stability and flexibility during ongoing market softness. Forward valuation is less attractive than last year, but UFPI trades at a reasonable EV/EBITDA multiple versus peers, supporting continued upside.
