Ufp Industries Inc - UFPI STOCK NEWS

UFP Industries (UFPI) has scheduled its first quarter 2025 earnings announcement for Monday, April 28, 2025. The company will hold a conference call to discuss the results on Tuesday, April 29, 2025, at 9 a.m. Eastern Time.

A live audio webcast with supporting materials will be available on the UFP Industries Investor Relations website, with a replay accessible for at least 90 days following the call. The company operates through three subsidiaries - UFP Packaging, UFP Construction, and UFP Retail Solutions - manufacturing and distributing value-added products for construction, packaging, and industrial applications globally.

UFP Industries, founded in 1955 and headquartered in Grand Rapids, Michigan, holds notable rankings as #493 on the Fortune 500 and #128 on Industry Week's list of America's Largest Manufacturers.

UFP Industries (UFPI) has announced the acquisition of a 30-acre site in Lackawanna, NY, for a new Deckorators® facility. The $77 million investment includes 240,000 square feet of manufacturing and warehousing space, part of a broader $250 million expansion plan over five years.

The new facility will double production capacity for Deckorators'® Surestone® composite-decking product, which has expanded to 1,500 retail locations. Construction will begin in April 2025, with operations starting by year-end 2025, creating approximately 60 new jobs.

The project received tax incentives from Erie County Industrial Development Association. This expansion follows Deckorators' recent marketing partnership with the PGA TOUR and showcases the company's commitment to growth in the outdoor living products market.

UFP Packaging, a subsidiary of UFP Industries (Nasdaq: UFPI), has expanded its operations with a new 165,000-square-foot corrugated facility in Jeffersonville, Indiana. The facility, which opened in late 2024, will undergo continuous expansion throughout 2025.

The new facility features advanced graphics and production capabilities targeting retail and e-commerce markets. The 2025 expansion plans include implementation of:

• Dual-sided color printers with precision die cutting
• High-speed flexo folder gluers
• Large-format flatbed die cutter
• Four-color rotary die cutter with automated box separation

The facility combines stock box production with custom corrugated solutions, positioning UFP Packaging as an emerging leader in corrugated packaging solutions.

UFP Industries (UFPI) reported Q4 2024 results with net sales of $1.46 billion, down 4% year-over-year, and net earnings of $68.0 million. Full-year 2024 net sales were $6.7 billion, down 8%, with earnings per diluted share of $6.77.

The company faced softer demand and a more competitive pricing environment in Q4, with a 4% decrease in selling prices. Despite challenges, 2024 marked UFPI's 70th consecutive profitable year. The company maintains a strong balance sheet with nearly $1.2 billion in cash and announced a 6% increase in quarterly dividend to $0.35 per share.

Management expects softer demand and competitive pricing to continue through first half of 2025, with slight declines expected across Retail, Packaging, and Construction segments. The company plans to invest approximately $350 million in capital projects in 2025 as part of its $1 billion investment plan through 2028.

UFP Industries (Nasdaq: UFPI) celebrates its 70th anniversary on February 9, marking seven decades of continuous profitability since its 1955 founding. The company attributes its success to its ability to recruit and retain high-achieving employees, company culture, and unique incentive system that aligns employee interests with shareholders.

Founded as Universal Forest Products by William 'Bill' Grant, UFP has evolved from a small wood-products manufacturer into a global manufacturing powerhouse. The company operates across three main segments: retail (including ProWood treated lumber and Deckorators decking), packaging (providing solutions for various industries), and construction (concrete forming, site built and factory built units).

New CEO Will Schwartz, who recently took leadership in December, emphasizes the company's motto: 'No mission statement; just people on a mission.'™ The company's commitment to employee ownership and internal promotion is demonstrated by Schwartz being the sixth CEO to rise through company ranks. UFP Industries now operates globally across North America, Europe, Asia, and Australia, focusing on innovative solutions for construction, retail, and industrial markets.

UFP Industries (UFPI) has scheduled its fourth quarter and full year 2024 earnings announcement for Monday, February 17, 2025. The company will hold a conference call to discuss the results on Tuesday, February 18, 2025, at 9 a.m. Eastern Time. A live audio webcast and supporting materials will be available on the company's investor relations website, with a replay accessible for at least 90 days following the call.

UFP Industries operates through three subsidiaries - UFP Packaging, UFP Construction, and UFP Retail Solutions - manufacturing and distributing value-added products for construction, packaging, and industrial applications globally. The company, founded in 1955 and headquartered in Grand Rapids, Michigan, ranks #493 on the Fortune 500 and #128 on Industry Week's list of America's Largest Manufacturers.

Deckorators, a UFP Industries company and leading composite decking brand, has released its 2025 Outdoor Living Report highlighting key trends and industry forecasts. The report, based on contractor insights and panel discussions, indicates 2025 is poised for a home upgrade renaissance, particularly in outdoor living projects, amid projected declining interest rates and an aging housing market.

Key trends identified include: Wellness Decks featuring hot tubs and saunas; Multi-level Decks for space optimization; Biophilic Design incorporating natural elements; and innovative Lighting solutions. The company also announced new product launches for 2025, including Glass Rail Post Kits, Continuous Top Rail, Summit Decking with Surestone technology, Aluminum Fence Kits, and StealthLock Universal Deck Clips.

UFP Industries (UFPI) has announced that its affiliate, UFP Packaging, has acquired C&L Wood Products, a pallet and mulch manufacturer based in Hartselle, Alabama. C&L, with trailing 12-month sales of $24.8 million through November 2024, will operate under UFP Packaging's PalletOne business unit, a leading U.S. manufacturer of machine-built pallets.

Founded in 1975 and acquired by Henry and Blythe Bowman in 1996, C&L has grown from 10 employees and less than $1 million in revenue to approximately 115 employees serving customers within a 150-mile radius. The acquisition expands PalletOne's geographic footprint into northern Alabama and central Tennessee. C&L's current leadership team, including President Henry Bowman and Operations Manager Frank Janek, will remain with the company.

UFP Packaging has opened a new 10,000-square-foot Packaging Design and Development Center (DDC) in Newnan, Georgia. The facility features customer-focused spaces for collaboration and innovation, including a fully equipped prototyping shop and an ISTA-certified testing laboratory. The center will focus on sustainability, cost savings through refined designs, and minimizing material waste. Located near Atlanta, the DDC offers comprehensive testing services including ISTA certification, Amazon 6 testing, and ASTM and ISO package and pallet testing. PalletOne will utilize the center for unit load design classes and pallet solution optimization.