Universal Forest Products

UFP Industries, Inc. manufactures and distributes wood and wood alternative products. It operates through the following segments: Retail, Industrial and Construction. The Retail segment comprises national home center retailers, retail-oriented regional lumberyards and contractor-oriented lumberyards. The Industrial segment manufacturers pallets, specialty crates, wooden boxes, and other containers used for packaging, shipping and material handling purposes. The Construction segment engages in factory-built housing, site-built residential construction, concrete forming, and commercial construction, which represent the business units. The company was founded in 1955 and is headquartered in Grand Rapids, MI.

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

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

Universal Forest Products beats Q1 earnings, eyes recovery amid challenges

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

UFPI exceeds earnings estimates, faces challenges, eyes international growth

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

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

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

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

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

UFPI reports Q1 2024 earnings decline, focuses on innovation

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

Universal Forest Products reports Q2 revenue decline, focuses on growth

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

UFPI faces Q3 challenges, focuses on cost reduction and growth

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

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UFP Industries, Inc. is a holding company, which engages in the supply of products primarily manufactured from wood, wood and non-wood composites, and other materials to retail, packaging, and construction markets. It operates through the following segments: UFP Retail Solutions (Retail), UFP Packaging (Packaging), UFP Construction (Construction), and All Other. The Retail segment consists of the following business units: ProWood, Deckorators, and UFP-Edge. The Packaging segment includes structural packaging, palletone, and protective packaging solutions. The Construction segment is involved in Factory-Built Housing, SiteBuilt Construction, Commercial Construction, and Concrete Forming. The All Other segment refers to the international segment and Ardellis. The company was founded in 1955 and is headquartered in Grand Rapids, MI.

Sunbelt ??? a UFP Industries (UFPI) unit?

UFP Industries (UFPI) Arm Buys Spartanburg, Grows in Mid-Atlantic

GRAND RAPIDS, Mich., April 12, 2021 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced that its wholly owned subsidiary Sunbelt Forest Products Corporation closed on its agreement to purchase the net operating assets of Spartanburg Forest Products, Inc. and its affiliates. The purchase price for Spartanburg's property, plants and equipment is approximately $16.5 million. Sunbelt also purchased Spartanburg's net working capital for an amount equal to the net book value determined on the date of closing, which totaled approximately $146.5 million.

Subsidiary of UFP Industries closes on purchase of Spartanburg Forest Products and its affiliates

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GRAND RAPIDS, Mich., March 31, 2021 (GLOBE NEWSWIRE) -- UFP Industries, Inc. Nasdaq: UFPIwww.ufpi.com

UFP Industries, Inc. Earnings Press Release and Conference Call

UFP Industries (UFPI) continues with its acquisition strategy to boost its product portfolio and leverage business opportunities.

UFP Industries' (UFPI) Handprint to Acquire Walnut Hollow Farm

GRAND RAPIDS, Mich., March 29, 2021 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced that Handprint, the growing home and décor business unit of UFP Retail Solutions, has signed an agreement to purchase the operating assets of Walnut Hollow Farm, Inc. Pending customary closing conditions, the acquisition is expected to close by the end of April 2021.

Handprint, a business unit of UFP Industries, announces agreement to purchase Walnut Hollow Farm

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

UFP Industries (UFPI) Up 16.5% Since Last Earnings Report: Can It Continue?

The stock of UFP Industries (NAS:UFPI, 30-year Financials) is estimated to be significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded.

UFP Industries Stock Appears To Be Significantly Overvalued

UFP Industries (UFPI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Can UFP Industries (UFPI) Run Higher on Rising Earnings Estimates?

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Increased analyst coverage over the last few weeks might lead to solid price appreciation for stocks like UFP Industries (UFPI), Interactive Brokers (IBKR), Avid (CDMO), Amtech (ASYS) and GAIA

These 5 Stocks Are Safe Bets Courtesy of New Analyst Coverage

UFP Industries (UFPI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

UFP Industries (UFPI): Strong Industry, Solid Earnings Estimate Revisions

U F P Industries saw an improvement in its IBD SmartSelect Composite Rating Thursday, from 94 to 96. The post U F P Industries Earns Composite Rating Upgrade appeared first on Investor's Business Daily.

U F P Industries Earns Composite Rating Upgrade

UFP Industries' (UFPI) solid acquisition strategies and stable demand for repair and remodeling activities bode well.

Here's Why You Should Invest in UFP Industries (UFPI) Now

UFP Industries (UFPI) continues to focus on acquisitions to drive growth. The company is well positioned to expand geographic reach throughout Australia with the acquisition of J.C.

UFP Industries' (UFPI) Subsidiary UBEECO Acquires J.C. Gilmore

GRAND RAPIDS, Mich., March 01, 2021 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced that one of its wholly owned subsidiaries, The UBEECO Group, has acquired the assets of J.C. Gilmore Pty Ltd (Gilmores). This transaction adds a wide portfolio of protective packaging to the industrial packaging products offered by UBEECO and its sister company, Integra Packaging, and expands the companies' customer base throughout Australia.

UBEECO, a subsidiary of UFP Industries, purchases J.C. Gilmore Pty Ltd, expanding its industrial packaging offerings in Australia

UFP Industries' (UFPI) fourth-quarter results reflect robust performance across all segments, thanks to increased lumber prices and higher consumer demand

UFP Industries (UFPI) Q4 Earnings Beat Estimates, Stock Up

UFP Industries, Inc. (UFPI) CEO Matt Missad on Q4 2020 Results - Earnings Call Transcript

GRAND RAPIDS, Mich., Feb. 22, 2021 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced that one of its wholly owned subsidiaries, Sunbelt Forest Products Corporation, signed an agreement to purchase the net operating assets of Spartanburg Forest Products, Inc. and its affiliates. The purchase price for Spartanburg's property, plants and equipment is approximately $17 million. Sunbelt will also purchase Spartanburg's net working capital for an amount equal to the net book value determined on the date of closing the transaction. As of December 31, 2020, Spartanburg's net working capital totaled approximately $80 million. The transaction is expected to close by the end of the first quarter of 2021, pending customary closing conditions and regulatory approval.

Subsidiary of UFP Industries announces agreement to acquire the net operating assets of Spartanburg Forest Products and its affiliates

GRAND RAPIDS, Mich., Feb. 17, 2021 (GLOBE NEWSWIRE) -- UFP Industries, Inc. Nasdaq: UFPIwww.ufpi.com

Date Change for Earnings Press Release and Conference Call

GRAND RAPIDS, Mich., Feb. 02, 2021 (GLOBE NEWSWIRE) -- UFP Industries, Inc. Nasdaq: UFPIwww.ufpi.com

UFP Conference Call to Discuss Q4 2020

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Increased analyst coverage over the last few weeks might lead to solid price appreciation for stocks like UFP Industries (UFPI), Cabaletta Bio (CABA), Alto (PEIX), Ribbon (RBBN) and Software Acquisition (CURI).

5 Stocks for Solid Returns as Analysts Initiate Coverage

GRAND RAPIDS, Mich., Feb. 01, 2021 (GLOBE NEWSWIRE) -- On January 28, 2021, the Board of Directors of UFP Industries, Inc. (Nasdaq: UFPI) approved a quarterly dividend payment of 15 cents a share, a 20 percent increase over the quarterly dividend of 12.5 cents a share paid in 2020. The dividend is payable on March 15, 2021, to shareholders of record on March 1, 2021.

UFP Industries announces 20 percent increase in quarterly dividend

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GRAND RAPIDS, Mich., Dec. 28, 2020 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (Nasdaq: UFPI) today announced that UFP Industrial, LLC, closed on its agreement to purchase 100 percent of the equity of PalletOne, Inc. for approximately $232 million. This price assumes a cash-free, debt-free balance sheet and an agreement to pay $21 million for PalletOne's recent capital expenditures and other investments. The PalletOne management team, including President Howe Wallace, will continue to lead the company.

UFP Industries, Inc. closes on purchase of PalletOne, bolstering its position as the nation's preferred supplier of industrial packaging and pressure-treated lumber

News for Universal Forest Products Stock (UFPI)