Lumber treater and building products distributor joins Lowe's for panel discussions and brings its enhanced solutions to more than 7,000 Latino industry leaders
, /PRNewswire/ -- ProWood®, a building products distributor and leading manufacturer and treater of premium pressure-treated lumber, will join Lowe's for two panel discussions and bring its decking, framing, and outdoor living lineup to Booth 413 in the National Hispanic Construction Alliance (NHCA) Construction Village at AVANCE Global 2026, Sept. 14–16, at the Bellagio Resort & Casino in Las Vegas.
The three-day event will draw more than 7,000 business leaders, entrepreneurs, investors, executives, athletes, and cultural innovators for programming focused on Latino business, leadership, and economic opportunity.
Both panel discussions featuring ProWood and Lowe's take place Monday, Sept. 14:
Nuestras Manos: Building the Workforce That Builds America: A conversation with Lowe's, ProWood, and national partners on strengthening talent pipelines, training, and career pathways for skilled trades workers within the Hispanic community. The Construction Supply Chain: Connecting Contractors to Materials, Pricing & Scale: How contractors plug into the materials supply chain, working with ProWood, Lowe's, and group purchasing to unlock procurement leverage and better pricing at scale. "AVANCE gives us the chance to meet directly with the Hispanic contractors, builders, and developers who are playing an important role in shaping the future of construction," said Darren Bennett, ProWood's vice president of sales and marketing and a member of the NHCA Corporate Advisory Council. "We're excited to showcase our products, strengthen relationships across the industry, and support NHCA's work creating new opportunities for Hispanic construction professionals."
Decking and outdoor living products manufactured by or distributed by ProWood on display include:
ProWood TrueFrame™ Joist, the brand's enhanced treated lumber solution for deck framing. Made from #1 grade Southern Yellow Pine and kiln-dried after treatment with a proprietary next-generation stabilizer additive, it is factory-planed for consistent sizing and flat edges, treated to UC4A ground contact standards, and backed by ProWood's Limited Lifetime Warranty. Deckorators® composite decking, including Surestone® technology products. Built with a mineral-based core containing no wood fiber, Surestone boards absorb virtually no moisture, resist warping and staining, and deliver the best strength-to-weight ratio of any composite deck board in the industry. The ProWood team will also have information available on EDGE trim and siding, including the new Arris™ exterior trim, which pairs Surestone technology with minimal thermal movement to keep mitered joints tight through seasonal temperature swings.
ProWood's participation in AVANCE builds on its existing partnership with NHCA. Announced in early 2026, this partnership supports career pathways for Hispanic builders and trade workers.
For more information and the full agenda for NHCA at AVANCE Global 2026, visit NHCA at AVANCE.
ProWood will extend its outreach to the Hispanic construction community at the Latino Builders Show, Sept. 24, at the Baltimore Convention Center. There, the team will present the ProWood Level Slide Challenge, a contest showcasing the smooth, level surface achieved when building with 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.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
It has been about a month since the last earnings report for UFP Industries (UFPI - Free Report) . Shares have lost about 1% 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? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
UFP Industries Q2 Earnings Beat on Decking Growth, Sales Rise Y/YUFP Industries reported better-than-expected second-quarter 2026 results, with earnings and net sales beating the Zacks Consensus Estimate. Net sales increased year over year, while earnings declined from the prior-year quarter.
Growth in Deckorators, Structural Packaging, Protective Packaging, Concrete Forming and Commercial offset weaker volumes in PalletOne and businesses exposed to new residential construction. Sales benefited from 1% organic unit growth and a 2% acquisition contribution, marking UFPI’s first positive year-over-year organic growth since third-quarter 2022.
Earnings & Sales Performance in Q2Adjusted EPS of $1.48 beat the Zacks Consensus Estimate of $1.44 by 2.8%. Earnings declined 12.9% from $1.70 in the year-ago quarter as elevated transportation costs pressured profitability.
Quarterly net sales increased 2.6% year over year to $1.88 billion and surpassed the consensus mark of $1.81 billion by 4%. Organic unit growth returned after an extended contraction, while strong decking demand drove the Surestone backlog to approximately $30 million.
UFPI Retail Gains From Decking DemandRetail sales increased 3.9% year over year to $818.7 million. Selling prices rose 3% and acquisitions contributed 2%, partly offset by a 1% decline in organic units. Adjusted EBITDA was nearly unchanged at $63.9 million, while the margin declined to 7.8% from 8.1%.
Deckorators’ organic unit sales grew 9%. Surestone decking sales increased 37%, while traditional wood-plastic composite decking sales surged 85%. The MoistureShield acquisition contributed 51 percentage points to wood-plastic composite growth. ProWood organic units declined 1%, UFP Edge units fell 17% and railing sales decreased 17%.
UFP Industries' Packaging Sales RisePackaging sales climbed 6.9% to $458.2 million, reflecting 4% organic unit growth and a 4% acquisition contribution, partly offset by a 1% pricing decline. Structural Packaging organic units increased 8%, supported by new customer wins.
Protective Packaging organic units rose 15% as newer operations increased production. PalletOne organic units declined 3%, though acquisitions added 12% to its unit sales. Segment adjusted EBITDA dropped 28% to $27.9 million, with the margin contracting to 6.1% from 9.1% due to freight inflation, PalletOne pricing pressure and greenfield startup costs.
UFPI Construction Remains Under PressureConstruction sales declined 4.5% to $526.8 million. Organic units fell 2%, selling prices decreased 3% and acquisitions contributed 1%. Adjusted EBITDA dropped 20.7% to $36 million, with the margin declining to 6.8% from 8.2%.
Site-Built organic units fell 3% amid housing affordability challenges and competitive pricing. Factory-Built units declined 6%, primarily because UFPI exited certain lower-margin commodity sales. Conversely, Commercial sales grew 11% and Concrete Forming organic units increased 6%, reflecting improved demand and market-share gains.
UFP Industries' Margins Face Freight PressureGross profit declined to $290.2 million from $312.7 million, while gross margin contracted to 15.4% from 17%. Selling, general and administrative expenses increased slightly to $185.7 million from $185 million.
Adjusted EBITDA fell 11.3% to $154.5 million, with the corresponding margin shrinking to 8.2% from 9.5%. Transportation costs increased $27 million year over year, net of fuel surcharges and pricing actions, and represented an additional 1.6% of sales. Spot freight rates rose more than 30% during the quarter before stabilizing at elevated levels.
UFP Industries' Liquidity Remains StrongCash and cash equivalents were $597.3 million at the end of second-quarter 2026, down from $841.9 million a year earlier. The current liquidity level remains strong, with total liquidity of approximately $1.9 billion. The company had no outstanding borrowings under its revolving credit facility. Long-term debt and finance lease obligations were nearly flat at $228.8 million compared with $229.2 million a year ago.
During the first half of 2026, UFPI repurchased nearly $142 million of shares at an average price of $84.95. The board declared a quarterly dividend of 36 cents per share, reflecting a 3% year-over-year increase. The company also completed the MoistureShield, John Rock and Berry Pallets acquisitions for a combined $122 million.
UFPI Reaffirms Its 2026 OutlookManagement maintained its full-year outlook but expects demand to be toward the lower end of its previous forecast for flat to slightly lower unit sales in each segment. Residential construction demand is expected to remain challenging, while transportation and energy costs are likely to stay elevated.
UFPI’s long-term targets remain unchanged. The company aims to achieve 7-10% annual unit sales growth, including bolt-on acquisitions, with at least 10% of sales coming from new products. It also targets a 12.5% adjusted EBITDA margin, returns on new investments above its hurdle rate and a conservative capital structure.
UFPI remains on track to deliver at least the remaining $25 million under its $60 million cost-reduction program. The company also continues to target $100 million of combined decking and railing sales growth in 2026, supported by capacity improvements, wider distribution and strong customer demand.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a flat trend in estimates review.
The consensus estimate has shifted -7.59% due to these changes.
VGM ScoresCurrently, UFP Industries has a subpar Growth Score of D, a grade with the same score on the momentum front. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. 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 #3 (Hold). We expect an in-line return from the stock in the next few months.
Callan Family Office LLC purchased a new position in UFP Industries, Inc. (NASDAQ:UFPI – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,056 shares of the construction company’s stock, valued at approximately $3,635,000. Callan Family Office LLC owned approximately 0.07% of UFP Industries at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Commonwealth Equity Services LLC increased its holdings in UFP Industries by 3.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,197 shares of the construction company’s stock worth $291,000 after acquiring an additional 92 shares during the period. Arkadios Wealth Advisors lifted its stake in UFP Industries by 2.1% in the 4th quarter. Arkadios Wealth Advisors now owns 4,648 shares of the construction company’s stock worth $423,000 after purchasing an additional 97 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in UFP Industries by 54.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 322 shares of the construction company’s stock valued at $32,000 after purchasing an additional 114 shares during the period. SkyView Investment Advisors LLC boosted its holdings in UFP Industries by 1.3% in the 4th quarter. SkyView Investment Advisors LLC now owns 9,133 shares of the construction company’s stock valued at $832,000 after purchasing an additional 114 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of UFP Industries by 1.1% during the 4th quarter. ProShare Advisors LLC now owns 12,972 shares of the construction company’s stock valued at $1,181,000 after purchasing an additional 145 shares in the last quarter. 81.81% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of UFP Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Stifel Nicolaus dropped their price objective on UFP Industries from $100.00 to $87.00 and set a “hold” rating for the company in a research note on Monday, May 11th. DA Davidson reduced their target price on UFP Industries from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Zacks Research upgraded UFP Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, July 31st. Finally, Benchmark decreased 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. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, UFP Industries currently has an average rating of “Moderate Buy” and an average price target of $103.75.
Read Our Latest Stock Analysis on UFPI UFP Industries Stock Performance NASDAQ UFPI opened at $88.80 on Friday. UFP Industries, Inc. has a 52-week low of $77.89 and a 52-week high of $118.00. The company has a fifty day moving average of $88.12 and a 200-day moving average of $91.49. The company has a market capitalization of $4.90 billion, a P/E ratio of 20.37 and a beta of 1.23. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.98.
UFP Industries (NASDAQ:UFPI – Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.11. UFP Industries had a return on equity of 8.00% and a net margin of 3.99%.The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.79 billion. As a group, equities research analysts predict that UFP Industries, Inc. will post 4.51 EPS for the current fiscal year.
UFP Industries Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued 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 is Tuesday, September 1st. UFP Industries’s dividend payout ratio is presently 33.03%.
Key Headlines Impacting UFP Industries Here are the key news stories impacting UFP Industries this week:
Positive Sentiment: Zacks raised its Q2 2027 EPS forecast to $1.61 from $1.51, lifted its Q4 2026 forecast to $1.02 from $1.01, and increased its Q2 2028 estimate to $1.95 from $1.91. Positive Sentiment: The firm also raised its FY2028 EPS outlook to $6.73 from $6.69, indicating expectations for stronger longer-term earnings growth. Neutral Sentiment: Zacks left its current full-year consensus reference at approximately $4.56 EPS and retained a Hold rating. The revisions therefore represent a mixed outlook rather than a broad upgrade to the stock. Negative Sentiment: Zacks sharply reduced its Q3 2026 EPS forecast to $1.16 from $1.31 and cut FY2026 EPS to $4.55 from $4.71. These reductions could weigh on near-term sentiment and imply softer operating results than previously expected. Negative Sentiment: Additional modest cuts affected Q1 2027 EPS, now estimated at $1.29 versus $1.32; Q3 2027 EPS, at $1.38 versus $1.44; Q4 2027 EPS, at $1.16 versus $1.17; and Q1 2028 EPS, at $1.55 versus $1.56. About UFP Industries (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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Certified Pros will partner with Rebuilding Together Nashville to construct outdoor spaces for families in need
, /PRNewswire/ -- Deckorators®, the fastest-growing composite decking brand, will bring together Certified Pros from across the country Oct. 20–23 in Nashville, Tenn., for Build It Forward, a volunteer event with nonprofit partner Rebuilding Together Nashville. Together they will craft new outdoor spaces for families who otherwise wouldn't have access to them.
"Build It Forward is about creating meaningful outdoor spaces that make a positive impact, which is a value near and dear to Deckorators," said Michelle Hendricks, Deckorators director of marketing. "We're excited to kick off this event in Nashville, a city built on strong communities, growth, and resilience."
Eighty contractors (31 Deckorators Certified Pros and their teams) are already registered to attend Build It Forward. The crews will work on five outdoor deck projects, creating spaces homeowners can genuinely use, enjoy, and gather around for years to come.
"We talk a lot about redefining what's possible in outdoor living," Hendricks said. "This event allows us to share our vision for beautiful, functional outdoor spaces. We're excited to do this alongside our Certified Pros whose craftsmanship shapes both homes and communities."
Build It Forward also serves as an opportunity for collaboration and learning. Throughout the builds, Certified Pros will work side by side with Deckorators field specialists and fellow deck-building professionals, sharing techniques and best practices on the jobsite. The official build day on Wednesday, Oct. 21, will conclude with an evening celebration at Cannery Hall featuring live music from The Nashville Band.
Rebuilding Together Nashville has worked for more than 30 years to repair homes and revitalize communities. The organization provides critical home repairs that address health and safety issues and supports disaster recovery efforts.
"Rebuilding Together Nashville is built on the belief that communities are stronger when neighbors invest in one another," said Rebuilding Together Nashville CEO Andrea Prince. "Build It Forward embodies that same spirit—skilled professionals bringing their craft to families who need it most so they can stay safely in the homes and neighborhoods they've spent a lifetime building. We are grateful to Deckorators and their Certified Pros for choosing Nashville and partnering in this work."
Learn more or find out how to participate at www.deckorators.com/pages/build-it-forward.
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 1-800-556-8449.
Follow Deckorators on:
Instagram: @deckoratorsLinkedIn: linkedin.com/company/deckoratorsFacebook: facebook.com/deckoratorsYouTube: youtube.com/deckoratorsproductsPinterest: pinterest.com/deckoratorsUFP 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/deckorators-hosts-inaugural-build-it-forward-volunteer-event-in-nashville-302853366.html
Certified Pros will partner with Rebuilding Together Nashville to construct outdoor spaces for families in need
, /PRNewswire/ -- Deckorators®, the fastest-growing composite decking brand, will bring together Certified Pros from across the country Oct. 20–23 in Nashville, Tenn., for Build It Forward, a volunteer event with nonprofit partner Rebuilding Together Nashville. Together they will craft new outdoor spaces for families who otherwise wouldn't have access to them.
"Build It Forward is about creating meaningful outdoor spaces that make a positive impact, which is a value near and dear to Deckorators," said Michelle Hendricks, Deckorators director of marketing. "We're excited to kick off this event in Nashville, a city built on strong communities, growth, and resilience."
Eighty contractors (31 Deckorators Certified Pros and their teams) are already registered to attend Build It Forward. The crews will work on five outdoor deck projects, creating spaces homeowners can genuinely use, enjoy, and gather around for years to come.
"We talk a lot about redefining what's possible in outdoor living," Hendricks said. "This event allows us to share our vision for beautiful, functional outdoor spaces. We're excited to do this alongside our Certified Pros whose craftsmanship shapes both homes and communities."
Build It Forward also serves as an opportunity for collaboration and learning. Throughout the builds, Certified Pros will work side by side with Deckorators field specialists and fellow deck-building professionals, sharing techniques and best practices on the jobsite. The official build day on Wednesday, Oct. 21, will conclude with an evening celebration at Cannery Hall featuring live music from The Nashville Band.
Rebuilding Together Nashville has worked for more than 30 years to repair homes and revitalize communities. The organization provides critical home repairs that address health and safety issues and supports disaster recovery efforts.
"Rebuilding Together Nashville is built on the belief that communities are stronger when neighbors invest in one another," said Rebuilding Together Nashville CEO Andrea Prince. "Build It Forward embodies that same spirit—skilled professionals bringing their craft to families who need it most so they can stay safely in the homes and neighborhoods they've spent a lifetime building. We are grateful to Deckorators and their Certified Pros for choosing Nashville and partnering in this work."
Learn more or find out how to participate at www.deckorators.com/pages/build-it-forward.
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 1-800-556-8449.
Follow Deckorators on:
Instagram: @deckorators LinkedIn: linkedin.com/company/deckorators Facebook: facebook.com/deckorators YouTube: youtube.com/deckoratorsproducts Pinterest: pinterest.com/deckorators 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.
, /PRNewswire/ -- UFP Industries, Inc. (Nasdaq: UFPI) today announced plans to establish a new UFP Packaging manufacturing facility in Cherokee County, South Carolina, expanding its Structural Packaging capacity and strengthening its ability to serve national industrial customers with custom, value-added packaging solutions.
The project is expected to create 136 new jobs over five years and represents an investment of approximately $5.31 million in real property, machinery and equipment. The facility will manufacture wood packaging products and strengthen UFP Packaging's ability to serve industrial customers, especially those with highly-technical needs, across the Southeast and beyond.
"This project is a strong example of how we are investing in our higher-margin core businesses while expanding the capabilities that differentiate UFP in the market," said Will Schwartz, President and CEO of UFP Industries. "We've discussed the significant progress our Structural Packaging business unit is making with strategic customers across the industrial economy. This investment supports that strategy. It gives us added capacity, expands our geographic reach and enhances our ability to deliver highly customized solutions that help customers solve difficult packaging and logistics challenges. It also gives us the opportunity to build a team the UFP way — by developing people, promoting from within and creating careers that last. South Carolina's strong manufacturing base, skilled workforce and values-driven business environment make it the right fit for our company and our culture."
UFP Packaging serves industrial, manufacturing and logistics customers with a broad portfolio of packaging products and services, including structural packaging, pallet solutions and protective packaging. Its Structural Packaging business designs and manufactures custom wood, steel, foam and mixed-material packaging solutions for customers with demanding shipping, storage and product-protection requirements.
"Structural Packaging is one of the clearest examples of where our scale, technical knowledge and customer relationships come together," said Scott Worthington, President of UFP Packaging. "Our teams are not simply selling boxes or crates. They are working with customers to understand what they make, how it moves, what risks it faces in transit and how we can design a better solution. This facility and the local South Carolinians who run it will help us support large, national customers with the consistency, engineering support and responsiveness they need as their own operations grow."
The planned South Carolina facility will position UFP Packaging closer to important industrial customers and transportation corridors while increasing production flexibility across its national manufacturing network. It also reflects UFP Industries' continued focus on value-added products, operational excellence and disciplined capital deployment.
"This is exactly the type of opportunity we are focused on," Schwartz continued. "It strengthens a core business, supports above-market growth and reinforces our long-term goal of improving margins and returns by providing more value to our customers, who are often among the nation's top innovators. We are grateful for the support of Cherokee County and the State of South Carolina, and we look forward to building a strong team and operation in the region."
The project remains subject to customary approvals and finalization of related agreements.
About UFP Industries, Inc.
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, visit www.ufpi.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. These statements are based on management's current expectations, estimates and projections and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Forward-looking statements include, but are not limited to, statements regarding anticipated investment, job creation, capacity expansion, customer demand, growth opportunities, operational capabilities and strategic benefits. These statements do not guarantee future performance. UFP Industries undertakes no obligation to update forward-looking statements except as required by law.
These 3 Wood Stocks are about to go on DiscountUFP Industries NASDAQ: UFPI reported second-quarter 2026 net sales of $1.88 billion, up 3% from $1.84 billion a year earlier, as acquisitions and modest organic unit growth helped offset continued softness in several end markets. However, a sharp increase in flatbed transportation costs weighed on profitability, with adjusted EBITDA declining to $154 million from $174 million in the prior-year period.
President and Chief Executive Officer Will Schwartz said the company’s 1% organic volume growth marked its first quarter of positive year-over-year organic growth since the third quarter of 2022. Acquisitions added another 2% to overall volume growth, while pricing was flat overall.
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“Our positive organic growth at the consolidated level is an important milestone,” Schwartz said, citing product innovation, portfolio diversification and execution across the company. He said UFP remains focused on investing in higher-margin core businesses, pursuing disciplined acquisitions, expanding brand awareness, increasing value-added product sales and improving operations.
Freight Costs Pressure EBITDA Margins Chief Financial Officer Mike Cole said higher flatbed transportation costs were the sole driver of the company’s year-over-year adjusted EBITDA decline. Adjusted EBITDA margin fell to 8.2% from 9.5% a year earlier.
Transportation costs, net of fuel surcharges, increased $27 million year over year, or 1.6% of net sales. Spot rates rose more than 30% during the quarter excluding fuel, as carrier capacity tightened amid regulatory changes and stronger enforcement in the transportation market.
Schwartz said the rate increase was more rapid and severe than the company experienced during the COVID-19 period. Rates have since stabilized, but at elevated levels that management expects to persist for the foreseeable future. UFP is working to adjust pricing where appropriate and pursue operating efficiencies to limit the impact.
Cole said the second quarter would likely represent the most difficult period for transportation-cost increases, because of UFP’s seasonal reliance on spot-market capacity. He expects the 1.6% sales impact to decline through the second half as the company relies less on the spot market and passes some higher costs to customers.
Retail Growth Led by Deckorators Retail sales rose 4% to $819 million. The increase reflected 3% higher pricing and a 2% contribution from acquisitions, partly offset by a 1% organic unit decline. Retail adjusted EBITDA was flat from a year earlier, as favorable lumber-price trends, product mix, productivity gains and restructuring at Edge offset higher transportation expenses.
Deckorators recorded 9% unit growth and continued to outpace its market, while ProWood units declined 1% and Edge units fell 17% amid ongoing restructuring. Decking sales increased 59%, including 37% growth in mineral-based Surestone products and 85% growth in wood-plastic composite products.
The MoistureShield acquisition contributed 51% of wood-plastic composite growth and 23% of total composite decking growth, Cole said. The company also saw improved production throughput at its Selma and Buffalo facilities. Still, demand exceeded current output capacity, leaving a $30 million Surestone backlog at quarter-end.
Schwartz said UFP expects to reduce that backlog as capacity optimization progresses during the year and remains on track to deliver $100 million in decking sales growth in 2026, excluding MoistureShield. The company’s $30 million advertising program has more than doubled sample orders, website traffic and other metrics since its launch, according to Schwartz.
UFP also launched Arris trim, which uses Surestone technology, in mid-July. The company said customer feedback has been positive. Separately, it continues to expand distribution of the TrueFrame joist product through ProWood.
Packaging Gains Share; Construction Remains Uneven Packaging sales increased 7% to $458 million, driven by 4% organic unit growth and a 4% contribution from acquisitions. Structural packaging volume rose 8% on customer wins, PalletOne volume increased 9% with support from acquisitions, and protective packaging volume grew 15% as new Indiana and Nevada facilities increased production.
Packaging adjusted EBITDA declined $11 million to $28 million, primarily because of higher transportation costs. The segment also faced material-cost pressure and competitive pricing in PalletOne, along with unabsorbed overhead at protective-packaging greenfield facilities.
Schwartz said the company is gaining traction with national structural-packaging customers, supported by its design, engineering and geographic capabilities. In response to an analyst question, he said national-account business rose about 25% in the quarter and is more contract-based and less transactional than smaller customer relationships.
Construction sales declined 4% to $523 million, reflecting a 3% decrease in selling prices and a 2% decline in organic units. Site-built organic units fell 3% as new residential construction remained soft, while factory-built units decreased 5%, partly due to the planned exit of lower-margin commodity sales.
Commercial and concrete-forming businesses provided areas of strength, with volume growth of 11% and 6%, respectively. Construction adjusted EBITDA fell $9 million to $36 million, due to pricing and market pressure in site-built operations as well as higher freight costs.
Management said multifamily trends improved and contributed to higher year-over-year backlog, though Schwartz characterized site-built construction as the company’s “most challenged business” and its least clear outlook area.
Acquisitions, Capital Returns and Outlook UFP invested $122 million during the quarter to acquire MoistureShield, Berry Pallets and John Rock. Schwartz said the acquisitions add geographic coverage, service capability and capacity. The company expects MoistureShield to operate under the Deckorators brand and said it is making investments in the acquired Arkansas facility.
The company ended June with nearly $600 million in cash, no revolver borrowings and approximately $1.9 billion of total liquidity. It repurchased $142 million of shares year to date at an average price of $84.95 and said its board approved a quarterly dividend of $0.36 per share, up 3% from a year earlier.
UFP reduced its planned 2026 capital-project spending to between $175 million and $200 million, including about $75 million of maintenance spending. Cole said the reduction from the original plan reflects a greater emphasis on acquisitions to add capacity and the deferral of some projects until market conditions improve.
The company maintained its full-year outlook but now expects demand in the second half to fall toward the lower end of prior guidance, which called for flat to slightly down unit expectations in each segment. Management expects elevated energy and freight costs to continue, while stabilization in certain businesses and market-share gains could help offset weakness in new residential construction and pallet production.
About UFP Industries (NASDAQ:UFPI)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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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UFP Industries (UFPI - Free Report) came out with quarterly earnings of $1.48 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.7 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +2.78%. A quarter ago, it was expected that this wood and materials provider for the construction industry would post earnings of $1.15 per share when it actually produced earnings of $0.89, delivering a surprise of -22.61%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
UFP Industries, which belongs to the Zacks Building Products - Wood industry, posted revenues of $1.88 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.99%. This compares to year-ago revenues of $1.84 billion. The company has topped consensus revenue estimates just once 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 lost about 0% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for UFP Industries?While UFP Industries has underperformed 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 $1.30 on $1.58 billion in revenues for the coming quarter and $4.57 on $6.21 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 35% 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.
Another stock from the same industry, Weyerhaeuser (WY - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.
This timber and paper products company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of -33.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Weyerhaeuser's revenues are expected to be $1.79 billion, down 4.7% from the year-ago quarter.
UFP Industries (UFPI - Free Report) reported $1.88 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 2.6%. EPS of $1.48 for the same period compares to $1.70 a year ago.
The reported revenue represents a surprise of +3.99% over the Zacks Consensus Estimate of $1.81 billion. With the consensus EPS estimate being $1.44, the EPS surprise was +2.78%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how UFP Industries performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Retail: $818.78 million versus the two-analyst average estimate of $787.37 million. The reported number represents a year-over-year change of +3.9%.Net Sales- Construction: $526.78 million versus $519.83 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.5% change.Net Sales- Packaging: $458.25 million compared to the $433.3 million average estimate based on two analysts. The reported number represents a change of +6.9% year over year.View all Key Company Metrics for UFP Industries here>>>
Shares of UFP Industries have returned +0.3% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
, /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 second quarter 2026.
Net Sales of $1.88 billion increased by 3 percent compared to $1.84 billion a year ago due to a 1 percent increase in organic units (excluding growth from acquisitions within the last 12 months) and a 2 percent increase due to acquisitions. Diluted earnings per share of $1.48 compared to $1.70 a year ago, and Net Earnings Attributable to Controlling Interests of $83 million compared to $101 million a year ago. Earnings were primarily impacted by higher freight costs while a weaker residential construction market was offset by improvements in other business units. Adjusted EBITDA1 was $154.5 million in the quarter, or 8.2 percent of net sales compared to $174.1 million, or 9.5 percent of net sales a year ago, as transportation costs increased by 1.6 percent as a percent of net sales. Cash flows from operating activities in the first six months of 2026 was $61 million. Cash used to invest in seasonal working capital requirements during the first six months totaled almost $170 million and is expected to be converted to cash by the beginning of the fourth quarter. Free cash flow1 of $198 million for the first six months of 2026 was used to repurchase nearly $142 million of our shares. Will Schwartz, President and CEO of UFP Industries, commented, "As we've discussed in prior quarters, we are seeing stabilization across the majority of our portfolio, and we believe our second quarter results reflect the progress we have made to strengthen our business and structurally improve our operations. The business environment remains challenging with geopolitical tensions, a weak housing market, rising input costs, and most recently, elevated transportation costs. We are actively managing these short-term disruptions while investing in initiatives that will improve our margin profile and drive above-market growth over the long term. We remain focused on the factors under our control and we are on track to deliver the remaining $25 million or more from our initial $60 million cost out program by year end. We also continue to strengthen our core businesses through organic investments and strategic M&A, positioning the company for long-term growth and returns as markets recover."
Schwartz continued, "Our balanced approach to our business has helped us navigate this uncertain environment while driving strong performance relative to market conditions. We continue to invest strategically by expanding geographically, improving operational efficiencies, and introducing innovative value-added products. To that point, the investments we've made to grow our Surestone products helped sales increase 37 percent from year ago levels, and our backlog remains robust. We also completed three acquisitions in the quarter that complement our core business and our M&A pipeline remains active. We will continue to make these investments in a targeted manner, while returning more of our free cash flow to shareholders through dividends and share repurchases. With $1.9 billion in liquidity at quarter end, we are confident in our ability to create shareholder value through prudent capital allocation."
1
Represents a non-GAAP measurement; see the reconciliation of non-GAAP financial measures and related explanations below.
Second Quarter 2026 Highlights
UFP Consolidated
(In thousands)
Quarter Period
Year to Date
2026
2025
% Change
2026
2025
% Change
Net sales
$
1,882,937
$
1,835,374
2.6
%
$
3,344,204
$
3,430,893
(2.5)
%
Net earnings
83,171
100,871
(17.5)
134,268
180,294
(25.5)
Net margin
4.4
%
5.5
%
4.0
%
5.3
%
Adjusted EBITDA
154,480
174,147
(11.3)
265,836
316,298
(16.0)
Adjusted EBITDA margin
8.2
%
9.5
%
7.9
%
9.2
%
Percentage change in net sales:
Organic units
1
%
(3)
%
Acquisitions
2
1
Selling prices
—
—
Net sales increased 3 percent in the quarter, driven primarily by acquisitions, as well as organic volume improvements in our Deckorators, Structural Packaging, Protective Packaging, Concrete Forming, and Commercial business units. Freight costs as a percent of net sales have increased by 1.6 percent, or $27 million, net of fuel surcharges and price adjustments, compared to year ago levels. The increase was driven by higher market-based transportation rates as a result of tightening industry capacity and elevated fuel costs. Freight spot rates rose over 30 percent during the quarter, surpassing the rate of increase experienced during the COVID period, before stabilizing at an elevated level toward the end of the quarter. Industry-wide changes resulted in constrained carrier capacity, as smaller carriers have exited the market, which contributed to the higher rates. New product sales were 8.4 percent of total net sales compared to 6.5 percent a year ago, highlighting continued progress in expanding the portfolio of higher value-added products. UFP Retail
(In thousands)
Quarter Period
Year to Date
2026
2025
% Change
2026
2025
% Change
Net sales
$
818,743
$
788,224
3.9
%
$
1,349,919
$
1,395,607
(3.3)
%
Net earnings
37,018
41,128
(10.0)
55,690
61,791
(9.9)
Net margin
4.5
%
5.2
%
4.1
%
4.4
%
Adjusted EBITDA
63,934
63,978
(0.1)
98,766
99,827
(1.1)
Adjusted EBITDA margin
7.8
%
8.1
%
7.3
%
7.2
%
Percentage change in net sales:
Organic units
(1)
%
(6)
%
Acquisitions
2
1
Selling prices
3
2
ProWood organic unit sales declined 1 percent in the quarter from year ago levels, reflecting weaker consumer sentiment amid continued macroeconomic and geopolitical uncertainty. However, there have been favorable impacts from volume since the first quarter of 2026, reflecting gradually improving demand. Deckorators' organic unit sales grew 9 percent in the quarter from year ago levels. Our Surestone decking sales increased 37 percent and our traditional wood plastic composite decking increased 85 percent, partially offset by railings which declined 17 percent, from the same quarter a year ago. Our current backlog of ordered but unshipped Surestone decking is approximately $30 million as we continue to make progress optimizing capacity. The MoistureShield acquisition contributed a 51 percent increase in wood plastic composite decking sales. UFP Edge organic unit sales declined 17 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. Adjusted EBITDA was unchanged in the quarter from year ago levels primarily due to higher transportation costs that were $17 million higher than last year. In the quarter, we were able to offset these headwinds through improved gross profits in Prowood from more favorable lumber price trends, UFP Edge from the restructuring of this business unit, and Deckorators primarily from favorable increases in volume. UFP Packaging
(In thousands)
Quarter Period
Year to Date
2026
2025
% Change
2026
2025
% Change
Net sales
$
458,245
$
428,669
6.9
%
$
852,338
$
838,677
1.6
%
Net earnings
11,315
20,633
(45.2)
22,974
37,550
(38.8)
Net margin
2.5
%
4.8
%
2.7
%
4.5
%
Adjusted EBITDA
27,933
38,796
(28.0)
55,723
73,841
(24.5)
Adjusted EBITDA margin
6.1
%
9.1
%
6.5
%
8.8
%
Percentage change in net sales:
Organic units
4
%
-
%
Acquisitions
4
3
Selling prices
(1)
(1)
Structural Packaging organic unit sales grew 8 percent in the quarter compared to year ago levels. PalletOne organic unit sales declined 3 percent in the quarter from year ago levels due to weaker demand, which was offset by a 12 percent contribution from acquisitions. Protective Packaging organic unit sales increased 15 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. Adjusted EBITDA declined 28 percent in the quarter from year ago levels primarily due to higher transportation costs in each business unit, lower gross profits in PalletOne, and startup costs associated with new greenfield locations in Protective Packaging. UFP Construction
(In thousands)
Quarter Period
Year to Date
2026
2025
% Change
2026
2025
% Change
Net sales
$
526,777
$
551,590
(4.5)
%
$
992,290
$
1,067,530
(7.0)
%
Net earnings
19,631
27,563
(28.8)
31,354
49,507
(36.7)
Net margin
3.7
%
5.0
%
3.2
%
4.6
%
Adjusted EBITDA
36,045
45,480
(20.7)
61,732
82,790
(25.4)
Adjusted EBITDA margin
6.8
%
8.2
%
6.2
%
7.8
%
Percentage change in net sales:
Organic units
(2)
%
(4)
%
Acquisitions
1
1
Selling prices
(3)
(4)
Site Built organic unit sales declined 3 percent in the quarter from year ago levels reflecting softer demand driven by affordability challenges and economic uncertainty, which resulted in lower housing starts. Factory Built organic unit sales declined 6 percent in the quarter from year ago levels due to the loss of lower margin commodity sales, partially offset by a 1 percent contribution from acquisitions. Industry production has declined by 8 percent. Concrete Forming Solutions' organic unit sales grew 6 percent in the quarter from year ago levels driven by market share gains associated with value-added product sales. Commercial organic sales grew 11 percent in the quarter from year ago levels as overall demand has improved and as the business unit continues to gain market share. Adjusted EBITDA declined 21 percent in the quarter from year ago levels primarily due to lower gross profits in Site Built from macroeconomic pressures and competitive pricing, partially offset by improved gross profits in Commercial and Concrete Forming. Capital Structure, Leverage and Liquidity Information
UFP Industries maintains a strong balance sheet and as of June 27, 2026, had liquidity of approximately $1.9 billion consisting of over $597 million of Cash and cash equivalents 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 $175 million to $200 million on capital projects for the balance of 2026. Acquisitions and Inorganic Growth. During the second quarter, the company closed three transactions, expanding production capacity and expanding its geographic reach in its core businesses. 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 $55 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 May 4, 2026, the company acquired the operating assets of John Rock, Inc., a leading manufacturer of new pallets, for $47 million in cash. In 2025, John Rock had sales of approximately $86 million. On May 18, 2026, the company acquired the operating assets of Berry Pallets, Inc., a wood pallet manufacturer, for $20 million in cash. In 2025, Berry Pallets had sales of approximately $23 million. Dividend Payments. On July 22, 2026, the Board declared a quarterly cash dividend of $0.36 per share. This dividend is payable on September 15, 2026, to shareholders of record on September 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 first six months of 2026, we repurchased a total of 1,669,770 shares for $141.8 million, at an average share price of $84.95. On May 29, 2026, our board authorized a new repurchase plan for up to $300 million worth of our shares through April 30, 2027. This authorization supersedes and replaces our prior authorizations. As of July 29, 2026, approximately $273 million remain available under this latest repurchase authorization. 2026 Outlook and Long-Term Targets
Our full year 2026 outlook remains unchanged. We continue to expect overall demand for the balance of the year to be toward the lower end of our prior guidance of flat to slightly down unit expectations in each of our segments based on our sales mix. Input costs, primarily energy and transportation, are expected to remain elevated, and while we have mechanisms to offset these costs, we expect recovery to be gradual through the remainder of the year. Demand tied to new residential construction is expected to remain challenging, while stabilization across most other end markets should partially offset that pressure. Despite these conditions, we believe we are positioned to perform better than our markets through share gains across our portfolio and continued execution of our cost-out program. In addition, initial stocking orders, upgraded manufacturing capacity, and expanded distribution are expected to support continued momentum in our Deckorators' Surestone business.
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, July 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.
Adjusted EBITDA margin is a non-GAAP financial measure. In calculating adjusted EBITDA, we make certain adjustments, including for share-based compensation expense, net gains or losses on the disposition and impairment of assets, and impairment of intangible assets. The most directly comparable GAAP financial measure is net earnings as a percentage of net sales (net margin). For the six months ended June 27, 2026, our net margin was 4.0 percent, and our adjusted EBITDA margin, calculated as described above, was 7.9 percent. We have not provided a quantitative reconciliation of the forward-looking adjusted EBITDA margin target to the most directly comparable GAAP measure because certain reconciling items and certain discrete tax items cannot be reasonably predicted due to the long-term nature of this target and the inherent variability and uncertainty of such items. These items could individually or in the aggregate be significant to the difference between adjusted EBITDA margin and the comparable GAAP measure.
CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND
COMPREHENSIVE INCOME (UNAUDITED)
FOR THE THREE AND SIX MONTHS ENDED
JUNE 2026/2025
Quarter Period
Year to Date
(In thousands, except per share data)
2026
2025
2026
2025
Net sales
$
1,882,937
100.0
%
$
1,835,374
100.0
%
$
3,344,204
100.0
%
$
3,430,893
100.0
%
Cost of sales
1,592,702
84.6
1,522,640
83.0
2,818,080
84.3
2,849,963
83.1
Gross profit
290,235
15.4
312,734
17.0
526,124
15.7
580,930
16.9
Operating expenses
Selling, general and administrative expenses
185,720
9.9
184,995
10.1
358,603
10.7
361,249
10.5
Net loss (gain) on disposition and impairments of
assets
302
—
3,830
0.2
(1,350)
—
3,754
0.1
Other losses, net
797
—
818
—
1,374
—
584
—
Total operating expenses
186,819
9.9
189,643
10.3
358,627
365,587
Earnings from operations
103,416
5.5
123,091
6.7
167,497
5.0
215,343
6.3
Interest and other
(9,446)
(0.5)
(8,854)
(0.5)
(12,309)
(0.4)
(17,283)
(0.5)
Earnings before income taxes
112,862
6.0
131,945
7.2
179,806
5.4
232,626
6.8
Income taxes
29,691
1.6
31,074
1.7
45,538
1.4
52,332
1.5
Net earnings
83,171
4.4
100,871
5.5
134,268
4.0
180,294
5.3
Less net earnings attributable to noncontrolling
interest
(299)
—
(137)
—
(622)
—
(807)
—
Net earnings attributable to controlling interest
$
82,872
4.4
$
100,734
5.5
$
133,646
4.0
$
179,487
5.2
Earnings per share - basic
$
1.48
$
1.70
$
2.38
$
2.99
Earnings per share - diluted
$
1.48
$
1.70
$
2.37
$
2.99
Comprehensive income
$
82,922
$
112,609
$
133,116
$
195,213
Less comprehensive income attributable to
noncontrolling interest
(825)
(1,754)
(1,083)
(2,391)
Comprehensive income attributable to
controlling interest
$
82,097
$
110,855
$
132,033
$
192,822
CONDENSED CONSOLIDATED STATEMENTS
OF EARNINGS BY SEGMENT (UNAUDITED)
FOR THE THREE MONTHS ENDED JUNE 2026/2025
Quarter Period 2026
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net sales
$
818,743
$
458,245
$
526,777
$
76,927
$
2,245
$
1,882,937
Cost of sales
704,096
397,886
436,449
64,058
(9,787)
1,592,702
Gross profit
114,647
60,359
90,328
12,869
12,032
290,235
Selling, general and administrative expenses
62,717
45,580
63,930
10,088
3,405
185,720
Net loss (gain) on disposition and impairments of
assets
1,780
106
37
74
(1,695)
302
Other losses, net
404
—
129
243
21
797
Earnings from operations
49,746
14,673
26,232
2,464
10,301
103,416
Interest and other
(368)
(818)
(397)
(5,413)
(2,450)
(9,446)
Earnings before income taxes
50,114
15,491
26,629
7,877
12,751
112,862
Income taxes
13,096
4,176
6,998
1,663
3,758
29,691
Net earnings
$
37,018
$
11,315
$
19,631
$
6,214
$
8,993
$
83,171
Quarter Period 2025
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net sales
$
788,224
$
428,669
$
551,590
$
65,026
$
1,865
$
1,835,374
Cost of sales
674,484
358,087
451,401
51,789
(13,121)
1,522,640
Gross profit
113,740
70,582
100,189
13,237
14,986
312,734
Selling, general and administrative expenses
58,642
43,148
63,727
10,398
9,080
184,995
Net loss (gain) on disposition and impairments of
assets
1,083
1,225
211
2,616
(1,305)
3,830
Other losses (gains), net
536
—
191
302
(211)
818
Earnings from operations
53,479
26,209
36,060
(79)
7,422
123,091
Interest and other
(54)
(795)
—
(2,512)
(5,493)
(8,854)
Earnings before income taxes
53,533
27,004
36,060
2,433
12,915
131,945
Income taxes
12,405
6,371
8,497
419
3,382
31,074
Net earnings
$
41,128
$
20,633
$
27,563
$
2,014
$
9,533
$
100,871
CONDENSED CONSOLIDATED STATEMENTS
OF EARNINGS BY SEGMENT (UNAUDITED)
FOR THE SIX MONTHS ENDED JUNE 2026/2025
Year to Date 2026
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net sales
$
1,349,919
$
852,338
$
992,290
$
145,432
$
4,225
$
3,344,204
Cost of sales
1,154,710
731,631
824,345
120,840
(13,446)
2,818,080
Gross profit
195,209
120,707
167,945
24,592
17,671
526,124
Selling, general and administrative expenses
118,763
90,783
125,756
19,066
4,235
358,603
Net loss (gain) on disposition and impairments of
assets
1,848
(64)
50
75
(3,259)
(1,350)
Other losses, net
459
—
552
349
14
1,374
Earnings from operations
74,139
29,988
41,587
5,102
16,681
167,497
Interest and other
(438)
(778)
(400)
(7,233)
(3,460)
(12,309)
Earnings before income taxes
74,577
30,766
41,987
12,335
20,141
179,806
Income taxes
18,887
7,792
10,633
2,567
5,659
45,538
Net earnings
$
55,690
$
22,974
$
31,354
$
9,768
$
14,482
$
134,268
Year to Date 2025
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net sales
$
1,395,607
$
838,677
$
1,067,530
$
125,324
$
3,755
$
3,430,893
Cost of sales
1,200,572
698,521
876,541
101,455
(27,126)
2,849,963
Gross profit
195,035
140,156
190,989
23,869
30,881
580,930
Selling, general and administrative expenses
113,997
90,917
126,511
18,860
10,964
361,249
Net loss (gain) on disposition and impairments of
assets
1,107
1,257
331
2,616
(1,557)
3,754
Other losses (gains), net
318
—
271
248
(253)
584
Earnings from operations
79,613
47,982
63,876
2,145
21,727
215,343
Interest and other
(114)
(467)
(1)
(3,459)
(13,242)
(17,283)
Earnings before income taxes
79,727
48,449
63,877
5,604
34,969
232,626
Income taxes
17,936
10,899
14,370
1,088
8,039
52,332
Net earnings
$
61,791
$
37,550
$
49,507
$
4,516
$
26,930
$
180,294
RECONCILIATION OF NET EARNINGS TO
ADJUSTED EBITDA BY SEGMENT (UNAUDITED)
FOR THE THREE MONTHS ENDED JUNE 2026/2025
Quarter Period 2026
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net earnings
$
37,018
$
11,315
$
19,631
$
6,214
$
8,993
$
83,171
Interest and other
(368)
(818)
(397)
(5,413)
(2,450)
(9,446)
Income taxes
13,096
4,176
6,998
1,663
3,758
29,691
Expenses associated with share-based compensation
arrangements
1,582
1,745
2,462
117
1,092
6,998
Net loss (gain) on disposition and impairments of
assets
1,780
106
(14)
74
(1,695)
251
Impairment of intangibles
—
—
51
—
—
51
Depreciation expense
9,907
9,308
6,640
853
11,573
38,281
Amortization of intangibles
919
2,101
674
1,673
116
5,483
Adjusted EBITDA
$
63,934
$
27,933
$
36,045
$
5,181
$
21,387
$
154,480
Net earnings as a percentage of net sales
4.5 %
2.5 %
3.7 %
8.1 %
*
4.4 %
Adjusted EBITDA as a percentage of net sales
7.8 %
6.1 %
6.8 %
6.7 %
*
8.2 %
* Not meaningful
Quarter Period 2025
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net earnings
$
41,128
$
20,633
$
27,563
$
2,014
$
9,533
$
100,871
Interest and other
(54)
(795)
—
(2,512)
(5,493)
(8,854)
Income taxes
12,405
6,371
8,497
419
3,382
31,074
Expenses associated with share-based compensation
arrangements
867
1,617
2,175
174
3,976
8,809
Net loss (gain) on disposition and impairments of
assets
1,083
1,225
211
2,616
(1,305)
3,830
Gain from reduction of estimated earnout liability
—
(1,511)
—
—
—
(1,511)
Depreciation expense
7,592
9,090
6,330
1,109
9,879
34,000
Amortization of intangibles
957
2,166
704
1,671
430
5,928
Adjusted EBITDA
$
63,978
$
38,796
$
45,480
$
5,491
$
20,402
$
174,147
Net earnings as a percentage of net sales
5.2 %
4.8 %
5.0 %
3.1 %
*
5.5 %
Adjusted EBITDA as a percentage of net sales
8.1 %
9.1 %
8.2 %
8.4 %
*
9.5 %
* Not meaningful
RECONCILIATION OF NET EARNINGS TO
ADJUSTED EBITDA BY SEGMENT (UNAUDITED)
FOR THE SIX MONTHS ENDED JUNE 2026/2025
Year to Date 2026
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net earnings
$
55,690
$
22,974
$
31,354
$
9,768
$
14,482
$
134,268
Interest and other
(438)
(778)
(400)
(7,233)
(3,460)
(12,309)
Income taxes
18,887
7,792
10,633
2,567
5,659
45,538
Expenses associated with share-based compensation
arrangements
3,360
3,971
5,332
229
2,578
15,470
Net loss (gain) on disposition and impairments of
assets
1,848
(64)
(1)
75
(3,259)
(1,401)
Impairment of intangibles
—
—
51
—
—
51
Depreciation expense
17,664
17,624
13,414
1,863
22,801
73,366
Amortization of intangibles
1,755
4,204
1,349
3,313
232
10,853
Adjusted EBITDA
$
98,766
$
55,723
$
61,732
$
10,582
$
39,033
$
265,836
Net earnings as a percentage of net sales
4.1 %
2.7 %
3.2 %
6.7 %
*
4.0 %
Adjusted EBITDA as a percentage of net sales
7.3 %
6.5 %
6.2 %
7.3 %
*
7.9 %
* Not meaningful
Year to Date 2025
(In thousands)
Retail
Packaging
Construction
All Other
Corporate
Total
Net earnings
$
61,791
$
37,550
$
49,507
$
4,516
$
26,930
$
180,294
Interest and other
(114)
(467)
(1)
(3,459)
(13,242)
(17,283)
Income taxes
17,936
10,899
14,370
1,088
8,039
52,332
Expenses associated with share-based compensation arrangements
2,291
3,781
5,000
438
8,860
20,370
Net loss (gain) on disposition and impairments of assets
1,107
1,257
331
2,616
(1,557)
3,754
Gain from reduction of estimated earnout liability
—
(1,511)
(344)
—
—
(1,855)
Depreciation expense
14,902
17,987
12,521
2,053
19,478
66,941
Amortization of intangibles
1,914
4,345
1,406
3,272
808
11,745
Adjusted EBITDA
$
99,827
$
73,841
$
82,790
$
10,524
$
49,316
$
316,298
Net earnings as a percentage of net sales
4.4 %
4.5 %
4.6 %
3.6 %
*
5.3 %
Adjusted EBITDA as a percentage of net sales
7.2 %
8.8 %
7.8 %
8.4 %
*
9.2 %
* Not meaningful
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
JUNE 2026/2025
(In thousands)
Assets
2026
2025
Liabilities and equity
2026
2025
Current assets
Current liabilities
Cash and cash equivalents
$
597,263
$
841,930
Accounts payable
$
292,979
$
258,784
Restricted cash
1,604
1,061
Accrued liabilities and other
259,004
257,212
Investments
46,330
32,021
Current portion of debt
5,493
5,122
Accounts receivable
731,092
687,332
Inventories
748,504
722,232
Total current liabilities
557,476
521,118
Other current assets
94,349
82,929
Long-term debt and finance lease
obligations
228,758
229,181
Total current assets
2,219,142
2,367,505
Other liabilities
258,702
173,373
Other assets
323,382
289,347
Temporary equity
485
5,253
Intangible assets, net
481,563
494,495
Property, plant and equipment,
net
1,080,777
946,041
Shareholders' equity
3,059,443
3,168,463
Total assets
$
4,104,864
$
4,097,388
Total liabilities and equity
$
4,104,864
$
4,097,388
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
FOR THE SIX MONTHS ENDED
JUNE 2026/2025
(In thousands)
2026
2025
Cash flows from operating activities:
Net earnings
$
134,268
$
180,294
Adjustments to reconcile net earnings to net cash from operating activities:
Depreciation
73,366
66,941
Amortization of intangibles
10,853
11,745
Expense associated with share-based and grant compensation arrangements
15,470
20,370
Deferred income taxes
(2,443)
(226)
Unrealized gain on investment and other
(4,036)
(654)
Impairment of investments
4,000
—
Equity in earnings of investee
(979)
(794)
Net (gain) loss on sale, disposition and impairment of assets
(1,401)
3,754
Impairment of intangibles
51
—
Gain from reduction of estimated earnout liability
—
(1,855)
Changes in:
Accounts receivable
(245,592)
(184,404)
Inventories
(2,324)
2,461
Accounts payable
86,514
32,887
Accrued liabilities and other
(7,102)
(17,381)
Net cash from operating activities
60,645
113,138
Cash flows used in investing activities:
Capital expenditures
(86,576)
(129,752)
Proceeds from sale of property, plant and equipment
11,711
3,694
Acquisitions and purchases of non-controlling interest, net of cash received
(122,008)
(15,706)
Purchases of investments
(19,825)
(16,873)
Proceeds from sale of investments
10,801
7,467
Other
1,862
1,591
Net cash used in investing activities
(204,035)
(149,579)
Cash flows used in financing activities:
Borrowings under revolving credit facilities
23,703
13,357
Repayments under revolving credit facilities
(19,033)
(12,814)
Contingent consideration payments and other
(1,939)
(221)
Proceeds from issuance of common stock
1,241
1,294
Dividends paid to shareholders
(40,390)
(41,978)
Distributions to noncontrolling interest
(1,082)
(285)
Purchase of remaining noncontrolling interest of subsidiary
(3,937)
—
Payments to taxing authorities in connection with shares directly withheld from employees
(1,391)
(9,560)
Repurchase of common stock
(140,457)
(251,933)
Other
52
(198)
Net cash used in financing activities
(183,233)
(302,338)
Effect of exchange rate changes on cash
419
2,176
Net change in cash and cash equivalents
(326,204)
(336,603)
All cash and cash equivalents, beginning of period
925,071
1,179,594
All cash and cash equivalents, end of period
$
598,867
$
842,991
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
$
597,263
$
841,930
Restricted cash, end of period
1,604
1,061
All cash and cash equivalents, end of period
$
598,867
$
842,991
RECONCILIATION OF NET CASH FROM OPERATING
ACTIVITIES TO FREE CASH FLOW (UNAUDITED)
FOR THE SIX MONTHS ENDED JUNE 2026/2025
(In thousands)
2026
2025
Net cash from operating activities
$
60,645
$
113,138
Increase in investment in net working capital
168,504
166,437
Maintenance capital expenditures(1)
(34,640)
(47,622)
Interest expense, net of taxes
3,458
4,173
Free cash flow
$
197,967
$
236,126
(1) Breakdown of Capital expenditures from the condensed consolidated statements of cash flows:
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.
