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.
News for UFP Industries, Inc. (UFPI) focuses on its role as a holding company whose subsidiaries manufacture, distribute, and sell value-added products for residential and commercial construction, packaging, and other industrial applications. Company announcements highlight developments across its UFP Packaging, UFP Construction, and UFP Retail Solutions segments, as well as updates on capital allocation and financial performance.
Investors and industry followers can find earnings releases and related conference call information, where UFP Industries reports net sales, net earnings, adjusted EBITDA, and segment performance for UFP Packaging, UFP Construction, and UFP Retail. These updates often include commentary on organic unit trends, pricing, and the company’s long-term goals for growth and margins.
The news stream also features product and brand launches from subsidiaries and business units. Examples include UFP Factory Built’s introduction of the BRAWN brand of structural and custom components for factory-built homes, RVs, and cargo trailers, ProWood’s TrueFrame Joist for professional deck framing, and UFP Packaging’s U-Loc 200 tool-free crate system. Such releases describe new structural components, framing solutions, decking-related products, and industrial packaging innovations.
Readers can follow segment and brand-level developments such as UFP Packaging’s corrugated division achieving FSC and SFI Chain of Custody certifications, or Edge expanding its distribution partnerships to reach additional markets. These updates provide insight into how the company’s brands operate within retail, construction, and industrial channels.
For those tracking UFPI, this news page aggregates company-issued press releases and related announcements, offering a centralized view of financial results, strategic actions, and product introductions across UFP Industries’ global network of affiliates and brands.
UFP Industries reported record net sales of $2.7 billion for Q2 2021, a 117% increase year-over-year, with earnings rising 161% to $173 million. This growth was driven by a 70% increase in selling prices, with acquisitions contributing $455 million to sales. The EPS rose to $2.78 from $1.08. Despite challenges from lumber price fluctuations, effective inventory management and a diversified business model helped mitigate impacts. SG&A expenses grew by 62% largely due to acquisitions, but improved as a percentage of gross profit from 56% to 44%.
UFP Industries (Nasdaq: UFPI) announced the acquisition of Endurable Building Products, a significant player in manufacturing customized structural aluminum systems, for $15 million in sales in 2020. This acquisition will enhance UFP's offerings in prefabricated aluminum products, targeting multifamily construction markets. UFP Construction's president, Patrick Benton, highlighted the strategic importance of this move in strengthening relationships with existing customers and expanding product services. Endurable's leadership will remain intact to facilitate growth.
UFP Industries (Nasdaq: UFPI) has approved a quarterly dividend of $0.15 per share, reflecting a 20% increase over 2020. This dividend will be paid on June 15, 2021, to shareholders of record on June 1, 2021. The decision stems from the company's outstanding first-quarter performance, achieving record sales, net earnings, and earnings per share. Chairman William G. Currie expressed confidence in future earnings, highlighting the company's robust strategic plan and talented workforce.
UFP Industries (Nasdaq: UFPI) reported record net sales of $1.83 billion for Q1 2021, a 77% increase year-over-year, along with net earnings of $103 million, up 157%. This growth was attributed to a 33% rise in unit sales, with the remainder driven by increased selling prices due to elevated softwood lumber costs. New product sales surged 58% to $159.4 million. The company also faced rising SG&A expenses but maintained a strong liquidity position with $421 million. Recent acquisitions aim to enhance capacity and product offerings, supporting ongoing growth strategies.
UFP Industries, Inc. (Nasdaq: UFPI) announced the acquisition of Spartanburg Forest Products, Inc. for approximately $16.5 million, which includes property, plants, and equipment. Additionally, Sunbelt Forest Products acquired Spartanburg's net working capital valued at around $146.5 million. This strategic purchase is expected to enhance product offerings and expand capacity and geographic reach, according to Ken DelleDonne, president of Sunbelt. The acquisition aims to improve supply chain efficiencies as the two companies combine operations.
UFP Industries, Nasdaq: UFPI, will host a conference call on April 21, 2021, at 4:30 p.m. ET to discuss its Q1 2021 results. The call will feature CEO Matthew J. Missad and CFO Michael Cole. Investors can access the call via a webcast on the company’s website under Investor Relations. A replay of the call will be available until April 24, 2021.
UFP Industries (UFPI) announced the acquisition of Walnut Hollow Farm, a wood products manufacturer, for an undisclosed amount. The deal is expected to close by the end of April 2021, pending customary conditions. Walnut Hollow, established in 1972, reported sales of approximately $11 million in 2020 and specializes in wood surfaces and tools for hobbyists. The acquisition is anticipated to enhance Handprint's product offerings and customer relationships in the home décor sector. The current leadership will transition as consultants to facilitate a smooth handover.
UFP Industries, Inc. (Nasdaq: UFPI) announced on March 1, 2021, the acquisition of J.C. Gilmore Pty Ltd assets by its subsidiary, The UBEECO Group. This move enhances UBEECO's portfolio with protective packaging products and expands its customer base in Australia. Gilmores, founded in 1988, reported sales of $15 million AUD in 2020 and will continue to be led by its founders. The acquisition aims to leverage Gilmores' strong reputation and create growth opportunities, particularly in New South Wales and Queensland.
UFP Industries (Nasdaq: UFPI) reported record net sales of $5.15 billion and EPS of $4.00 for fiscal 2020, marking a 37% increase in earnings per share year-over-year. In Q4 2020, net sales reached $1.39 billion, a 40% increase compared to Q4 2019. New product sales surged 46%, driven by the Deckorators Voyage decking line. The company’s SG&A expenses improved significantly, reflecting operational efficiencies. UFP maintains robust liquidity of approximately $485 million and plans to increase its quarterly dividend by 20% to 15 cents per share, payable on March 15, 2021.
UFP Industries (Nasdaq: UFPI) announced that its subsidiary, Sunbelt Forest Products, will acquire Spartanburg Forest Products for approximately $17 million. The deal includes Spartanburg's net working capital, which was about $80 million as of December 31, 2020. This acquisition, expected to close by Q1 2021, will enhance operational efficiencies and expand geographic reach. With a combined sales of around $543 million for 2020, the merger aims to improve customer service and capacity. Stephen Michael will remain as a consultant during the transition, ensuring continuity of vendor relationships.