Universal Forest Products

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

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

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

Universal Forest Products beats Q1 earnings, eyes recovery amid challenges

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

UFPI exceeds earnings estimates, faces challenges, eyes international growth

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

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

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

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

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

UFPI reports Q1 2024 earnings decline, focuses on innovation

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

Universal Forest Products reports Q2 revenue decline, focuses on growth

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

UFPI faces Q3 challenges, focuses on cost reduction and growth

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

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

UFP Industries (UFPI) concluded the recent trading session at $118.45, signifying a -0.55% move from its prior day's close.

UFP Industries (UFPI) Registers a Bigger Fall Than the Market: Important Facts to Note

Due to short-term economic headwinds concerning the construction sector, UFPI trades at a discount to the market and its own history. UFP Industries has a long growth track record, a decentralized business model, and an attractive valuation. The company's structural advantages, strong management, and robust financial performance make it an attractive investment opportunity.

UFP Industries: An Antifragile Business Model Built For The Long-Term

In the closing of the recent trading day, UFP Industries (UFPI) stood at $127.14, denoting a -0.2% change from the preceding trading day.

UFP Industries (UFPI) Stock Sinks As Market Gains: Here's Why

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UFP Industries' (UFPI) investments in innovation and acceleration are poised to yield more significant results in the future amid challenges.

Will UFP Industries (UFPI) Retain its Winning Streak in 2024?

UFP Industries (UFPI) is set to fortify its position in the global packaging industry with the acquisition of remaining ownership in Mexican affiliates NORPAL and TIBASA.

UFP Industries (UFPI) Buys NORPAL & TIBASA, Expands in Mexico

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--UFP Global Holdings Ltd., a subsidiary of UFP Industries, Inc. (Nasdaq: UFPI), announced today that it has acquired the remaining ownership interests in each of two affiliates in Mexico: NORPAL S. de R.L. de C.V. and TIBASA Universal Forest Products S. de R.L. de C.V. The companies will be combined as UFP Palets y Embalajes S. de R.L. de C.V. and will operate in three locations: Monterrey, Durango and Guanajuato. Today, these facilities are primarily focuse.

UFP Global Holdings Ltd. purchases remaining ownership interests in two Mexican packaging affiliates

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

UFP Industries (UFPI) Up 15.8% Since Last Earnings Report: Can It Continue?

UFP Industries' (UFPI) affiliate launches TimberBase.com, a B2B digital platform for buying and selling lumber and building materials.

UFP Industries' (UFPI) TimberBase Launches New B2B Platform

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--TimberBase, an affiliate of UFP Industries, Inc. (Nasdaq: UFPI), today announced the launch of TimberBase.com, a B2B digital platform for buying and selling lumber and building materials. Purchased from German tech start-up Timber Base GmbH in February 2023, the platform has been upgraded with a more intuitive interface, supported by UFP's team of international industry experts, to simplify the buying and selling process for customers and suppliers around t.

TimberBase launches global B2B platform for buying and selling lumber and building materials

UFP Industries' (UFPI) third-quarter results ail from lower price and unit sales.

UFP Industries (UFPI) Q3 Earnings & Net Sales Miss, Down Y/Y

UFP Industries, Inc. (NASDAQ:UFPI ) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET Company Participants Dick Gauthier - Vice President, Investor Relations Matt Missad - Chief Executive Officer Mike Cole - Chief Financial Officer Conference Call Participants Julio Romero - Sidoti & Co Kurt Yinger - D.A. Davidson Ketan Mamtora - BMO Capital Markets Operator Good day, and welcome to the Q3 2023 UFP Industries, Inc. Earnings Conference Call and Webcast.

UFP Industries, Inc. (UFPI) Q3 2023 Earnings Call Transcript

UFP Industries (UFPI) came out with quarterly earnings of $2.10 per share, missing the Zacks Consensus Estimate of $2.13 per share. This compares to earnings of $2.66 per share a year ago.

UFP Industries (UFPI) Q3 Earnings and Revenues Miss Estimates

UFP Industries (UFPI) closed at $94.83 in the latest trading session, marking a -1.32% move from the prior day.

UFP Industries (UFPI) Declines More Than Market: Some Information for Investors

UFP Industries' (UFPI) third-quarter 2023 results are likely to reflect a soft housing market due to lumber market swings, ongoing inflationary pressures and high costs.

Lower Volume & Price to Hurt UFP Industries' (UFPI) Q3 Earnings

UFP Industries has seen great growth over the last years. UFP Industries is actively working to reduce its reliance on commodity sales and maintain strong cash flows. The company has strong management with well aligned incentives.

UFP Industries: Growth With Strong Management Incentives

GRAND RAPIDS, Mich. , Oct. 9, 2023 /PRNewswire/ -- Deckorators®, a leading brand of UFP Industries, Inc. (Nasdaq: UFPI), announced today that its patented Voyage Mineral-Based Composite Decking has been recognized in the prestigious Good Housekeeping 2023 Home Renovation Awards.

DECKORATORS® VOYAGE DECKING RECOGNIZED IN GOOD HOUSEKEEPING'S 2023 HOME RENOVATION AWARDS

UFP Industries (UFPI) strengthens its European presence through a $52-million acquisition of 80% equity in Palets Suller Group.

UFP Industries (UFPI) Buys Palets Suller Stake, Expands in Spain

GRAND RAPIDS, Mich.--(BUSINESS WIRE)--UFP Global Holdings Ltd., a subsidiary of UFP Industries, Inc. (Nasdaq: UFPI), has acquired 80 percent of the equity in a newly formed company, UFP Palets y Embalajes SL, for approximately $52 million USD. UFP Palets is comprised of the former pallet manufacturing operations of Palets Suller SL, Serrería y Palets Chiva SL and Drevex Castellón SL, collectively known as Palets Suller Group. The company had trailing 12-month sales of approximately $38 million.

UFP Global Holdings Ltd. acquires controlling interest in Palets Suller Group

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UFP Industries' (UFPI) investments in innovation and acceleration are poised to yield more significant results in the upcoming periods amid challenges.

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Stocks with rapidly growing dividends can outperform the market and generate powerful dividend growth. Both AGM and UFPI have more than doubled the returns of the S&P 500 over five and ten year periods. AGM benefits from federal programs that mitigate losses by farmers, while UFPI has a strong leadership team and long-term demand for its products.

This Dynamic Duo Provides Double-Digit Dividend Growth (21%) And Twice The S&P 500 Returns

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GRAND RAPIDS, Mich.--(BUSINESS WIRE)--UFP Packaging, part of UFP Industries, Inc. (Nasdaq: UFPI), will make its PACK EXPO Las Vegas debut from September 11-13, 2023. The company will feature packaging solutions and services from three business units: Protective Packaging, Structural Packaging, and Machine-Built Pallets. Representatives from each business unit will be available for consultation at booth N-9415. UFP Packaging provides total packaging solutions throughout the world, and the booth.

News for Universal Forest Products Stock (UFPI)