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.
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UFP Retail Solutions, a segment of UFP Industries (NASDAQ: UFPI), will showcase its products at the NAHB International Builders’ Show in Las Vegas from January 31 to February 2, 2023. The brands Deckorators and UFP-Edge will display innovative offerings, including:
- Vista Decking with enhanced traction
- Aluminum Rapid Rail system for easy installation
- New lightweight composite decking
- Thermally Modified Wood Collection
- Primed Trim for protection against rot
Visitors can participate in a unique contest to win $5,000 by breaking a mineral-based composite deck board.
UFP Industries (Nasdaq: UFPI) has acquired Titan Corrugated, Inc., along with its affiliate All Boxed Up, LLC, marking a strategic move in the corrugated packaging sector. The acquisition adds approximately $46.5 million in sales, bolstering UFP's market presence. Titan, founded in 2003, specializes in various corrugated products and operates a highly automated facility in Texas. UFP aims to leverage Titan's efficiencies and expertise to expand its packaging solutions, with Titan's leadership remaining intact to drive future growth.
Deckorators, a leader in composite decking and accessories, released its 2023 Outdoor Living Report, highlighting trends in outdoor spaces as homeowners seek to enhance their outdoor living experiences. Key trends include Natural Neutrals inspired by nature, 365 Living for year-round use of outdoor areas, Dreaming Bigger with maximalist features, and Total Look focusing on cohesive materials. Experts predict more homeowners will invest in outdoor spaces for relaxation and entertainment, reflecting a shift towards maximizing outdoor time.
UFP Industries (UFPI) reported a 37% increase in earnings per share, reaching $2.66 for Q3 2022. The company achieved record net sales of $2.3 billion, an 11% year-over-year increase, driven by a 6% rise in prices and a 5% increase in unit sales. Earnings from operations rose by 41% to $237 million. New product sales grew by 38%, and adjusted EBITDA increased 46% to $274 million. The company maintains a robust balance sheet with $1.5 billion in liquidity and announced a 67% higher dividend of $0.25 per share for December.
UFP Industries (Nasdaq: UFPI) has named Will Schwartz as the new president of UFP Retail Solutions, effective January 1, 2023. This segment, which generates approximately $4 billion in revenue, includes notable brands like ProWood and Deckorators. Schwartz, who joined the company in 1998, has held various leadership positions and successfully managed supply chains during the pandemic. He takes over from Allen Peters, who becomes executive vice president of innovation. The company remains optimistic about its growth trajectory and Schwartz's leadership.
UFP Industries (Nasdaq: UFPI) announced the appointment of Allen Peters as executive vice president of innovation, effective January 1, 2023. Peters will lead the Innovation Accelerator and Innov8 Fund, using his experience from UFP Retail Solutions to drive new products and technology. CEO Matthew J. Missad expressed confidence in Peters' capabilities to achieve growth and innovation. The company is currently searching for a new president of UFP Retail Solutions, with an announcement expected by the end of September 2022.
UFP Industries (Nasdaq: UFPI) reported record net sales of $2.9 billion and net earnings of $203 million for Q2 2022, marking a 7% sales increase year-over-year. The company achieved earnings per diluted share of $3.23, a 16% increase. New product sales surged 37% to $181 million. Despite a 40% decline in retail gross profit due to falling lumber prices, the construction segment saw a 32% sales rise. The company maintains a strong liquidity of $1.16 billion and announced a 67% dividend increase to $0.25 per share.
UFP Industries, Inc. (Nasdaq: UFPI) is set to announce its second quarter financial results on July 21, 2022, after market close. The announcement will take place around 4:05 p.m. ET, followed by a conference call hosted by CEO Matt Missad and CFO Mike Cole at 4:30 p.m. ET. Investors can access the call through a webcast on the company's investor relations website. UFP Industries, headquartered in Grand Rapids, Mich., engages in manufacturing and distributing value-added products for construction and industrial applications worldwide.
UFP Industries (Nasdaq: UFPI) has been recognized as one of America's Best Mid-Sized Companies, ranking tenth on Forbes' annual list for 2022. The ranking involved over 1,000 companies evaluated based on earnings growth, sales growth, return on equity, and total stock return over the past five years. UFP reported record revenue of $8.64 billion in 2021, a 68% increase from 2020, and a record EPS of $8.59, up 115%. The company also increased its quarterly dividend by 67% to 25 cents per share, reflecting strong cash flow and commitment to investor returns.