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UFP Industries, Inc. - UFPI STOCK NEWS

Welcome to our dedicated page for UFP Industries news (Ticker: UFPI), a resource for investors and traders seeking the latest updates and insights on UFP Industries stock.

UFP Industries, Inc. (symbol: UFPI) is a diversified holding company founded in 1955, with a robust global presence spanning North America, Europe, Asia, and Australia. The company operates through its subsidiaries: UFP Industrial, UFP Construction, and UFP Retail Solutions. Each subsidiary specializes in manufacturing, distributing, and selling an extensive range of products tailored for residential and commercial construction, packaging, and industrial applications.

Originally a supplier of lumber for the manufactured housing industry, UFP Industries has grown into a multibillion-dollar entity with a diverse product portfolio. UFP Industrial focuses on providing customized solutions for industrial packaging and material handling. UFP Construction offers a variety of wood and wood-alternative products used in construction, including trusses, treated lumber, and engineered wood components. UFP Retail Solutions caters to the retail market with products such as wood and composite decking, fencing, and decorative accessories.

Recent Achievements and Projects:

  • Continual expansion through strategic acquisitions that enhance its product offerings and market reach.
  • Investments in innovative technologies to improve manufacturing processes and product quality.
  • Sustainable business practices, including the use of recycled materials and environmentally-friendly manufacturing techniques.

Financially, UFP Industries remains strong, consistently delivering value to its shareholders through steady revenue growth, profitability, and prudent capital management. The company’s commitment to innovation, quality, and customer service has solidified its position as an industry leader and a trusted partner worldwide.

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UFP Industries (Nasdaq: UFPI) has been named to the FORTUNE 500 list for the third consecutive year, ranking 493rd based on its 2023 net sales of $7.2 billion. Chairman and CEO Matthew J. Missad expressed gratitude to the company's over 15,000 employees for their contributions, noting the company's evolution from a lumber wholesaler to a global solutions provider. UFP Industries, headquartered in Grand Rapids, Michigan, serves the retail, construction, and packaging sectors through over 200 affiliates and processes seven percent of North America's softwood lumber. The company is also #149 on Industry Week’s list of America’s Largest Manufacturers and is a Great Place to Work Certified™.

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UFP Industries (Nasdaq: UFPI) has announced its participation in the Stifel 2024 Cross Sector Insight Conference, scheduled for June 4-5, 2024, at the InterContinental Boston in Boston, Massachusetts. This event will provide an opportunity for UFP Industries' management to engage with investors and showcase the company's recent developments and future prospects. UFP Industries, headquartered in Grand Rapids, Michigan, operates through its subsidiaries UFP Packaging, UFP Construction, and UFP Retail Solutions, offering a variety of value-added products for residential and commercial construction, packaging, and industrial applications globally. The company is listed at #403 on the Fortune 500 and #128 on Industry Week's list of America’s Largest Manufacturers. For further details and the latest investor presentation, visit ufpinvestor.com.

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UFP Industries, Inc. (Nasdaq: UFPI) announced first quarter 2024 results with net sales of $1.64 billion, net earnings of $121 million, and earnings per diluted share of $1.96. The company credits its team and business model for the success. They plan to focus on operational efficiencies, growth through new products and regions, share repurchases, and dividend payouts, aiming to create shareholder value. Despite a decrease in net sales, the company maintains a strong balance sheet and liquidity position. The company's capital allocation strategy includes acquisitions, organic growth, dividend payments, and share repurchases. By business segment, UFP Retail Solutions, UFP Packaging, and UFP Construction reported varying results. The company anticipates lower lumber prices and soft demand but expects improvements in the latter half of 2024.

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UFP Packaging, a subsidiary of UFP Industries (NASDAQ: UFPI), expands its presence in Warrens, Wisconsin with a new production facility and employee breakroom. The facility will produce wood packaging, add 12 new positions, and enhance the workspace for employees.
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UFP Industries, Inc. reports net sales of $1.5 billion and earnings per diluted share of $1.62 for Q4 2023, with a strong focus on long-term growth and profitability. Despite a decrease in organic unit sales and prices, the company remains optimistic about future prospects. Fiscal 2023 results show a decline in net sales and earnings, attributed to one less week of operating activity. The company maintains a robust balance sheet with significant liquidity and a return-focused capital allocation strategy.
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UFP Industries, Inc. (UFPI) announced a 10 percent increase in their quarterly dividend payment, reflecting strong performance and confidence in growth strategies. The dividend of $0.33 per share is payable on March 15, 2024, to shareholders of record on March 1, 2024, marking the twelfth consecutive year of dividend increases. The company's strong cash flow allows for continued investment and sharing of success through dividends. UFP Industries, Inc. is a holding company with subsidiaries in packaging, construction, and retail solutions, serving residential and commercial construction, packaging, and industrial applications globally. The company was founded in 1955 and is ranked #403 on the Fortune 500 and #149 on Industry Week’s list of America’s Largest Manufacturers.
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UFP Industries (UFPI) affiliates will showcase new products at the 2024 NAHB International Builders' Show, marking the company’s largest presence at the event. Deckorators will feature mineral-based composite decking with Surestone™ Technology and new privacy screen systems. UFP-Edge will showcase Thermally Modified Wood Collection siding, primed trim, and fascia, and Timeless Nickel Gap shiplap. UFP Site Built will debut industry-leading technology innovations for residential and commercial construction.
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Deckorators®, a leading brand of UFP Industries, Inc. (Nasdaq: UFPI), released its annual Outdoor Living Report, featuring insights and commentary from expert contractors on the top outdoor design trends for 2024. The report focuses on what homeowners have been requesting most for their outdoor spaces, including functional design, regional color trends, and more.
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UFP Industries, Inc. (Nasdaq: UFPI) through its subsidiary UFP Global Holdings Ltd. has completed the acquisition of the remaining ownership interests in NORPAL S. de R.L. de C.V. and TIBASA Universal Forest Products S. de R.L. de C.V. in Mexico. The combined entity, UFP Palets y Embalajes S. de R.L. de C.V., will operate in three locations and focus on wooden pallet production and growing sales in other structural packaging runways. The business will be managed by Rees Watson, with Hector Labrada as the new national sales director, aiming to enhance UFP's position as a world-class packaging solutions provider and support multinational customers with locations across Mexico.
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UFP Industries, Inc. (Nasdaq: UFPI) - TimberBase Launches B2B Digital Platform for Lumber and Building Materials
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FAQ

What does UFP Industries, Inc. do?

UFP Industries, Inc. is a holding company with subsidiaries specializing in manufacturing, distributing, and selling products for residential and commercial construction, packaging, and industrial applications.

When was UFP Industries, Inc. founded?

UFP Industries, Inc. was founded in 1955.

What are the main subsidiaries of UFP Industries, Inc.?

The main subsidiaries are UFP Industrial, UFP Construction, and UFP Retail Solutions.

In which regions does UFP Industries operate?

UFP Industries operates in North America, Europe, Asia, and Australia.

What markets does UFP Industries serve?

UFP Industries serves the retail, packaging, and construction markets.

What are some recent achievements of UFP Industries?

Recent achievements include strategic acquisitions, investments in innovative technologies, and sustainable business practices.

What products does UFP Industrial provide?

UFP Industrial provides customized solutions for industrial packaging and material handling.

What does UFP Construction offer?

UFP Construction offers products such as trusses, treated lumber, and engineered wood components for construction.

What type of products does UFP Retail Solutions offer?

UFP Retail Solutions offers products such as wood and composite decking, fencing, and decorative accessories for the retail market.

How is the financial condition of UFP Industries?

UFP Industries is financially strong, with steady revenue growth, profitability, and prudent capital management.

UFP Industries, Inc.

Nasdaq:UFPI

UFPI Rankings

UFPI Stock Data

7.27B
61.75M
2.03%
83.55%
1.08%
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