UFP Industries Q3 2026 earnings fall 22.4% to $58.6M

Higher freight, lumber and transportation costs weighed on earnings despite an 11.1% increase in quarterly net sales.

Rhea-AI Filing Summary

UFP Industries, Inc. reported third-quarter 2026 net sales of $1.73 billion, up 11.1% year over year: organic units contributed 4%, acquisitions 2% and selling prices 5%. Net earnings were $58.6 million, down 22.4%, while diluted EPS was $1.05 versus $1.29. Adjusted EBITDA, a non-GAAP measure, was $119.3 million, or 6.9% of sales, compared with $140.0 million and 9.0%. Management cited higher freight and lumber costs, including a $19 million increase in transportation costs net of fuel surcharges.

For the first nine months, operating cash flow was $234.5 million and free cash flow was $287.2 million; the company repurchased $181.3 million of shares and paid $60.2 million in dividends. As of September 26, 2026, liquidity was approximately $2.0 billion, with no borrowings outstanding under its revolving credit facility. The full-year 2026 outlook was unchanged: industry unit demand was expected to be slightly down in each segment, while UFP expected to meet or exceed its initial $60 million cost-savings objective by year-end.

1 point · 0 major

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0 major · 3 points

How the balance works

Positive

• Moderate pointQuarterly net sales increased 11.1% to $1.73 billion.

Negative

• Moderate pointQuarterly net earnings fell 22.4% to $58.6 million.
• Moderate pointAdjusted EBITDA declined 14.8% to $119.3 million.
• Moderate pointNine-month operating cash flow fell to $234.5 million from $399.1 million.

Filing Explained

UFP says roughly $100 million used for seasonal working capital in the first nine months is expected to convert to cash in the fourth quarter; the release describes this as a future cash conversion, not cash already received.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net sales: $1.73 billion Net earnings: $58.6 million Diluted earnings per share: $1.05 +5 more

8 metrics

Net sales $1.73 billion Third quarter 2026; up 11.1% year over year

Net earnings $58.6 million Third quarter 2026; down 22.4% year over year

Diluted earnings per share $1.05 Third quarter 2026, compared with $1.29 in third quarter 2025

Adjusted EBITDA $119.3 million Third quarter 2026; down 14.8% year over year, with a 6.9% margin versus 9.0%

Operating cash flow $234.5 million First nine months of 2026, compared with $399.1 million in 2025

Free cash flow $287.2 million First nine months of 2026; non-GAAP measure

Liquidity Approximately $2.0 billion As of September 26, 2026

Cost-savings objective $60 million Initial objective for 2026; UFP expects to meet or exceed it by year-end

Key Terms

Adjusted EBITDA, Free cash flow, organic units, net working capital, +1 more

5 terms

Adjusted EBITDA financial

"Adjusted EBITDA was $119.3 million in the quarter"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Free cash flow financial

"Free cash flow of $287 million for the first nine months of 2026"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

organic units financial

"a 4 percent increase in organic units"

Organic units are the count of products or services a company sells that come from its existing operations, excluding items added or lost through acquisitions, divestitures, or one‑time adjustments. Investors use this metric to see the true underlying demand and operational performance—like comparing how many apples you picked from your own tree rather than counting fruit you bought from others—so growth reflects core business health, not deal-making or accounting shifts.

net working capital financial

"the change in investment in net working capital"

Net working capital is the amount left when you subtract a company’s short-term bills (like accounts payable and short-term loans) from its short-term assets (cash, money owed to it, and inventory). Think of it as the cash cushion a business has to keep daily operations running — a bigger cushion means fewer short-term funding worries, while a small or negative number can signal pressure to raise cash or cut activity, which matters to investors assessing stability and short-term risk.

maintenance capital expenditures financial

"Maintenance capital expenditures"

Maintenance capital expenditures are the money a company spends to keep its existing buildings, machines, vehicles, or systems running at their current capacity—think replacing worn parts, major repairs, or necessary upgrades to avoid breakdowns. Investors watch this because it’s a recurring, non-growth cost that must be paid before a company can invest in expansion or return cash to shareholders; like routine car maintenance, it preserves value but reduces funds available for new opportunities.

Earnings Snapshot

Net sales: $1.73 billion · Guidance included

Third quarter 2026 ended September 26, 2026

Net sales $1.73 billion Up 11.1% year over year

Net earnings $58.6 million Down 22.4% year over year

Diluted earnings per share $1.05 Compared with $1.29 in third quarter 2025

Adjusted EBITDA $119.3 million Down 14.8% year over year; margin was 6.9% versus 9.0%

Guidance

The full-year 2026 outlook was unchanged. UFP expects industry unit demand to be slightly down in each segment and expects to meet or exceed its initial $60 million cost-savings objective by year-end.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much revenue did UFPI report in Q3 2026?

UFP Industries reported net sales of $1.73 billion in the third quarter of 2026, an 11.1% increase from a year earlier. The company attributed the increase to 4% organic unit growth, 2% from acquisitions and 5% from selling prices.

Why did UFPI's earnings decline in Q3 2026?

UFP Industries said higher freight and lumber costs primarily affected earnings. Transportation costs, net of fuel surcharges, increased by $19 million, or 1.3% of net sales; organic unit growth, ongoing cost-out actions and improved gross profit in several business units partly offset those pressures.

What is UFPI's 2026 demand outlook?

UFP Industries expects overall industry unit demand for the year to be slightly down in each segment, based on its sales mix. It expects new residential construction demand to remain challenging, with stabilization across most other end markets partially offsetting that pressure; it is not assuming meaningful improvement in underlying market demand through year-end.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/28/2026 - 04:08 PM EDT Accepted by SEC EDGAR 10/28/2026 - 04:07 PM EDT Learn about SEC filing dates

0000912767false00009127672026-10-282026-10-28

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported): October 28, 2026

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UFP INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

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​ ​	​ ​	​ ​
Michigan (State or other Jurisdiction of Incorporation)	0-22684 (Commission File Number)	38-1465835 (IRS Employer Identification No.)

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​ ​ ​	​ ​ ​
2801 East Beltline, NE Grand Rapids, Michigan (Address of Principal Executive Offices)	49525 (Zip Code)

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Registrant's telephone number, including area code: (616) 364-6161

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None

(Former name or former address, if changed since last report)

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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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☐        Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).

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☐        Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).

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☐        Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).

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☐        Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

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Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	UFPI	The NASDAQ Stock Market, LLC

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

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Emerging growth company ☐

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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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Item 2.02        Results of Operations and Financial Condition

On October 28, 2026, the Registrant issued a press release announcing its financial results for the quarter-ended September 26, 2026.  A copy of the Registrant’s press release is attached as Exhibit 99.1 to this Current Report.

Item 9.01        Financial Statements and Exhibits

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EXHIBIT INDEX

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.1	​	​	​
​	​	​
Exhibit Number	​ ​ ​	Document	​
​	​	​
99.1	​	Press Release dated October 28, 2026.
​	​	​
104	​	Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document).

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2

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SIGNATURE

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Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

​

​	​	​
​	UFP INDUSTRIES, INC.
​	(Registrant)
​	​	​
Dated: October 28, 2026	By:	/s/ Michael R. Cole	​
​	​	Michael R. Cole
​	​	Chief Financial Officer,
​	​	Principal Financial Officer and
​	​	Treasurer

​

3

Exhibit 99.1

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​

​

​

UFP Industries Announces Third Quarter 2026 Results

​
GRAND RAPIDS, MI (October 28, 2026) - UFP Industries, Inc. (Nasdaq: UFPI), a leading manufacturer focused on delivering value-added products across its Retail, Packaging, and Construction segments, reported results for the third quarter 2026.

●Net sales of $1.73 billion increased by 11.1 percent compared to $1.56 billion a year ago due to a 4 percent increase in organic units (excluding growth from acquisitions within the last 12 months), a 2 percent increase due to acquisitions, and a 5 percent increase in selling prices.

●Diluted earnings per share of $1.05 compared to $1.29 a year ago, and Net earnings attributable to controlling interests of $58 million compared to $75 million a year ago. Earnings were primarily impacted by higher freight and lumber costs, offset by organic unit growth, benefits from ongoing cost out actions, and improved gross profit in several business units.

●Adjusted EBITDA¹ was $119.3 million in the quarter, or 6.9 percent of net sales compared to $140.0 million, or 9.0 percent of net sales a year ago, as transportation costs, net of fuel surcharges, increased by $19 million, or 1.3 percent of net sales.

●Cash flows from operating activities in the first nine months of 2026 were $235 million. Cash used to invest in seasonal working capital requirements during the first nine months totaled roughly $100 million and is expected to be converted to cash in the fourth quarter. Free cash flow¹ of $287 million for the first nine months of 2026 was used to repurchase nearly $183 million of our shares.

Will Schwartz, President and CEO of UFP Industries, commented, “Organic unit growth strengthened in the third quarter despite continued pressure across several of our end markets, which speaks to the successes we are seeing with our product and market-share initiatives. New products increased to 8.7 percent of net sales, led by continued momentum in our Deckorators, Structural Packaging, and Construction value-added offerings. The breadth of this growth demonstrates the benefits of our balanced portfolio and the investments we have made to drive above-market growth and gain share, even as underlying demand across many of our end markets remains challenged.

Profitability continued to be affected by elevated transportation and material costs, which limited the earnings benefit from higher volumes and an improved earnings profile. We continue to focus on what we can control. We now expect to meet or exceed our initial $60 million cost-savings objective by year-end, and we continue to pursue additional productivity, capacity consolidation, and cost reduction opportunities. We also see further profit-improvement opportunities as we integrate recent acquisitions, improve utilization of our newer facilities, and increase the mix of new and value-added products across our portfolio.

Importantly, the progress we have made in strengthening the underlying profitability of the business remains intact. Our profitability today is meaningfully stronger than it was before our management structure change in 2019, even though transportation costs have increased significantly as a percentage of net sales since then. These higher costs have masked some of the earnings improvement we have made across the portfolio, but we believe our cost actions and operating initiatives provide meaningful opportunities to improve profitability without relying on a near-term market recovery.

Schwartz continued, “Our financial position remains a competitive advantage. We ended the quarter with approximately $2 billion of liquidity and no borrowings outstanding under our revolving credit facility, giving us the flexibility to invest through the cycle. So far this year, we have completed three acquisitions, announced a fourth, and returned more than $240 million to shareholders through dividends and share repurchases. Our M&A pipeline remains active, and we will stay disciplined, pursuing opportunities that strengthen our core businesses, expand our value-added portfolio, and meet our return criteria.”

¹ Represents a non-GAAP measurement; see the reconciliation of non-GAAP financial measures and related explanations below.

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‌Page 1

Exhibit 99.1

Third Quarter 2026 Highlights

UFP Consolidated

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(In thousands)

​

Quarter Period

Year to Date

​

​

2026

​

2025

​

% Change

2026

​

2025

​

% Change

Net sales

​

$

1,732,836

​

$

1,559,627

​

11.1

%

$

5,077,040

​

$

4,990,520

​

1.7

%

Net earnings

​

​

58,633

​

​

75,542

​

(22.4)

​

​

192,901

​

​

255,836

​

(24.6)

​

Net margin

​

​

3.4

%

​

4.8

%

​

​

​

3.8

%

​

5.1

%

​

​

Adjusted EBITDA

​

​

119,255

​

​

140,019

​

(14.8)

​

​

385,091

​

​

456,317

​

(15.6)

​

Adjusted EBITDA margin

​

​

6.9

%

​

9.0

%

​

​

​

7.6

%

​

9.1

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Percentage change in net sales:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Organic units

​

​

4

%

​

​

​

​

​

​

—

%

​

​

​

​

​

Acquisitions

​

​

2

​

​

​

​

​

​

​

1

​

​

​

​

​

​

Selling prices

​

​

5

​

​

​

​

​

​

​

1

​

​

​

​

​

​

● Net sales increased 11 percent in the quarter, driven by 4 percent organic unit growth, including volume improvements in our Site Built, Commercial, Structural Packaging, and Deckorators business units. Acquisitions contributed an additional 2 percent to net sales.

● Freight costs as a percent of net sales have increased by 1.3 percent, or $19 million, net of fuel surcharges and price adjustments, compared to year ago levels. The increase was driven by higher market-based transportation rates due to tightening industry capacity and elevated fuel costs. Freight spot rates, excluding fuel, increased 30 percent during the quarter before stabilizing at an elevated level towards the end of the quarter. Industry-wide changes resulted in constrained carrier capacity, as smaller carriers have exited the market, which contributed to the higher rates.

● New product sales were 8.7 percent of total net sales compared to 6.8 percent a year ago, highlighting continued progress to expand our portfolio of higher value-added products.

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UFP Retail

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(In thousands)

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Quarter Period

Year to Date

​

​

2026

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2025

​

% Change

2026

​

2025

​

% Change

Net sales

​

$

634,514

​

$

593,985

​

6.8

%

$

1,984,433

​

$

1,989,592

​

(0.3)

%

Net earnings

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​

16,101

​

​

15,741

​

2.3

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​

71,791

​

​

77,532

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(7.4)

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Net margin

​

​

2.5

%

​

2.7

%

​

​

​

3.6

%

​

3.9

%

​

​

Adjusted EBITDA

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​

34,125

​

​

39,985

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(14.7)

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​

132,891

​

​

139,812

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(5.0)

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Adjusted EBITDA margin

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​

5.4

%

​

6.7

%

​

​

​

6.7

%

​

7.0

%

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Percentage change in net sales:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Organic units

​

​

—

%

​

​

​

​

​

​

(4)

%

​

​

​

​

​

Acquisitions

​

​

1

​

​

​

​

​

​

​

1

​

​

​

​

​

​

Selling prices

​

​

6

​

​

​

​

​

​

​

3

​

​

​

​

​

​

● ProWood organic unit sales declined 4 percent in the quarter from year ago levels, reflecting weaker consumer sentiment amid continued macroeconomic and geopolitical uncertainty.

● Deckorators’ organic unit sales grew 21 percent in the quarter from year ago levels. Our Surestone decking sales increased 70 percent, our traditional wood plastic composite decking increased 69 percent, including acquisitions, and railings increased 2 percent from the same quarter a year ago. The MoistureShield acquisition contributed a 44 percent increase in wood plastic composite decking sales. Our current backlog of ordered but unshipped Surestone decking has improved to approximately $18 million as we continue to make progress optimizing capacity.

● UFP Edge organic unit sales remained flat from year ago levels.

● Adjusted EBITDA declined 14.7 percent in the quarter from year ago levels, primarily due to an $8 million increase in transportation costs. Improved gross profit in Deckorators, supported by higher volumes, and in UFP Edge, reflecting the prior restructuring of that business, partially offset the transportation headwind.

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‌Page 2

Exhibit 99.1

UFP Packaging

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(In thousands)

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Quarter Period

Year to Date

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​

2026

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2025

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% Change

2026

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2025

​

% Change

Net sales

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$

465,845

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$

394,949

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18.0

%

$

1,318,183

​

$

1,233,626

​

6.9

%

Net earnings

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​

11,411

​

​

21,358

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(46.6)

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​

34,385

​

​

58,908

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(41.6)

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Net margin

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​

2.4

%

​

5.4

%

​

​

​

2.6

%

​

4.8

%

​

​

Adjusted EBITDA

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​

27,250

​

​

34,284

​

(20.5)

​

​

82,973

​

​

108,125

​

(23.3)

​

Adjusted EBITDA margin

​

​

5.8

%

​

8.7

%

​

​

​

6.3

%

​

8.8

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Percentage change in net sales:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Organic units

​

​

9

%

​

​

​

​

​

​

4

%

​

​

​

​

​

Acquisitions

​

​

6

​

​

​

​

​

​

​

3

​

​

​

​

​

​

Selling prices

​

​

3

​

​

​

​

​

​

​

—

​

​

​

​

​

​

● Structural Packaging organic unit sales grew 14 percent in the quarter compared to year ago levels.

● PalletOne organic unit sales increased 1 percent in the quarter from year ago levels, and acquisitions contributed an additional 18 percent in unit sales.

● Protective Packaging organic unit sales increased 5 percent in the quarter from year ago levels as two greenfield locations continue to make progress achieving sales targets.

● Adjusted EBITDA declined 21 percent in the quarter from year ago levels primarily due to higher transportation costs in each business unit and higher material costs.

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UFP Construction

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​

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(In thousands)

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Quarter Period

Year to Date

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​

2026

​

2025

​

% Change

2026

​

2025

​

% Change

Net sales

​

$

552,423

​

$

496,465

​

11.3

%

$

1,544,713

​

$

1,563,995

​

(1.2)

%

Net earnings

​

​

21,141

​

​

24,682

​

(14.3)

​

​

52,495

​

​

74,189

​

(29.2)

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Net margin

​

​

3.8

%

​

5.0

%

​

​

​

3.4

%

​

4.7

%

​

​

Adjusted EBITDA

​

​

37,691

​

​

41,878

​

(10.0)

​

​

99,423

​

​

124,668

​

(20.2)

​

Adjusted EBITDA margin

​

​

6.8

%

​

8.4

%

​

​

​

6.4

%

​

8.0

%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Percentage change in net sales:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Organic units

​

​

4

%

​

​

​

​

​

​

(1)

%

​

​

​

​

​

Acquisitions

​

​

—

​

​

​

​

​

​

​

—

​

​

​

​

​

​

Selling prices

​

​

7

​

​

​

​

​

​

​

—

​

​

​

​

​

​

● Site Built organic unit sales increased 12 percent in the quarter from year ago levels, supported by growth in the Frame Forward systems-selling approach and alternative-material offerings.

● Factory Built organic unit sales decreased 10 percent in the quarter from year ago levels due to the loss of lower margin commodity sales.

● Concrete Forming Solutions’ organic unit sales increased 6 percent in the quarter from year ago levels, driven by market share gains associated with value-added product sales.

● Commercial organic unit sales increased 20 percent in the quarter from year ago levels as overall demand has improved and as the business unit continues to gain market share.

● Adjusted EBITDA declined 10 percent in the quarter from year ago levels primarily due to lower gross profits in Site Built from macroeconomic pressures, competitive pricing and higher material costs, partially offset by improved gross profits in Commercial and Concrete Forming.

Capital Structure, Leverage and Liquidity Information

UFP Industries maintains a strong balance sheet as of September 26, 2026 and had liquidity of approximately $2.0 billion, consisting of more than $677 million of Cash and cash equivalents and $1.3 billion of remaining availability under its revolving credit facility and a shelf agreement with certain lenders. The company’s return-focused approach to capital allocation includes the following:

● Credit Facility. On October 23, 2026, the company amended and extended its existing $750 million revolving credit facility for an additional five-year term, expiring October 23, 2031. The amendment also increased the sublimits for swingline loans and letters of credit from $50 million to $75 million.

‌Page 3

Exhibit 99.1

● Organic Growth. The company invests in organic growth opportunities when acquisition targets are not available at valuations that will allow us to meet or exceed targeted return rates. The company expects to invest approximately $150 million to $175 million on capital projects for the year.

● Acquisitions and Inorganic Growth. On October 26, 2026, the company announced the plan to acquire Apache Products, Inc., a wood pallet manufacturer, in November 2026 for an estimated $27 million in cash. In 2025, Apache Products had sales of approximately $53 million.

● Dividend Payments. On October 21, 2026, the Board declared a quarterly cash dividend of $0.36 per share. This dividend is payable on December 15, 2026, to shareholders of record on December 1, 2026. The per share cash dividend amount represents a 3% increase from the 2025 quarterly dividend rate of $0.35 per share. We continue to consider our payout ratio and yield when determining the appropriate dividend rate and have a long-term objective of increasing our dividend in line with our future earnings and free cash flow growth.

● Share Repurchases. During the first nine months of 2026, we repurchased a total of 2,169,224 shares for $182.7 million, at an average share price of $84.24. On May 29, 2026, our board authorized a new repurchase plan for up to $300 million worth of our shares through April 30, 2027. This authorization supersedes and replaces our prior authorizations. As of October 28, 2026, approximately $198 million remains available under this latest repurchase authorization.

​

2026 Outlook and Long-Term Targets

Our full year 2026 outlook remains unchanged. We continue to expect overall industry unit demand for the year to be slightly down in each of our segments based on our sales mix.  While we have mechanisms to offset these costs, energy and transportation are expected to remain elevated for the balance of the year.  Demand tied to new residential construction is expected to remain challenging, while stabilization across most of our other end markets should partially offset that pressure. Accordingly, we are not assuming a meaningful improvement in underlying market demand through year-end. Despite these conditions, we expect to continue outperforming our markets through share gains, growth in new and value-added products, and continued execution of our cost-out initiatives. We also see opportunities to improve profitability through additional cost savings, better utilization of recent investments, and the integration of acquisitions. In addition, initial stocking orders, upgraded manufacturing capacity, and expanded distribution are expected to support continued momentum in our Deckorators’ Surestone business.

The company’s long-term goals remain unchanged and include: 1) achieving 7-10 percent unit sales growth annually (including bolt-on acquisitions) with at least 10 percent of all sales coming from new products; 2) achieving 12.5 percent adjusted EBITDA margins; 3) earning an incremental return on new investments over our hurdle rate; and 4) maintaining a conservative capital structure.

​

Conference Call

​

UFP Industries will host a conference call on Thursday, October 29, 2026, to discuss these results and outlook. The conference call will begin at 10:00 a.m. Eastern Time and will be hosted by CEO Will Schwartz and CFO Michael Cole. Interested investors can access the live webcast directly with this link (here). A replay of the call will be available through the UFP Investor Relations website www.ufpinvestor.com for at least 90 days following the call.

UFP Industries, Inc.

UFP Industries, Inc. is a holding company whose operating subsidiaries – UFP Packaging, UFP Construction and UFP Retail – manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates in North America, Europe, Asia and Australia. For more about UFP Industries, go to www.ufpi.com.

​

‌Page 4

Exhibit 99.1

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. These statements, including statements regarding our 2026 outlook, cost-savings objectives, capital allocation, the pending Apache Products acquisition, expected conversion of working capital, and long-term targets, are based on management’s beliefs, assumptions, current expectations, estimates and projections about the markets we serve, the economy and the Company itself. Words like “anticipates,” “believes,” “confident,” “estimates,” “expects,” “forecasts,” “likely,” “plans,” “projects,” “should,” variations of such words, and similar expressions identify such forward-looking statements. These statements do not guarantee future performance and involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. The Company does not undertake to update forward-looking statements to reflect facts, circumstances, events, or assumptions that occur after the date the forward-looking statements are made. Actual results could differ materially from those included in such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Among the factors that could cause actual results to differ materially from forward-looking statements are the following: fluctuations in currency and inflation; fluctuations in the price of lumber; adverse or unusual weather conditions; adverse economic conditions in the markets we serve; changes in tariffs, import/export regulations, and other trade policies, including the timing and amount of tariff refunds; concentration of sales to customers; the success of vertical integration strategies; excess capacity or supply chain challenges; inbound and outbound transportation costs and our ability to pass those costs through to customers; alternatives to replace treated wood products; government regulations, particularly involving environmental and safety regulations; our ability to make successful business acquisitions; cybersecurity breaches; artificial intelligence; and potential pandemics. Certain of these risk factors as well as other risk factors and additional information are included in the Company's reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.

Non-GAAP Financial Information

This release includes certain financial information not prepared in accordance with U.S. GAAP. Because not all companies calculate non-GAAP financial information identically (or at all), the presentations herein may not be comparable to other similarly titled measures used by other companies. Management uses Adjusted EBITDA and Free cash flow, which are non-GAAP financial measures, in order to evaluate historical and ongoing operations. Management believes that these non-GAAP financial measures are useful in order to enable investors to perform meaningful comparisons of historical and current performance. Adjusted EBITDA and Free cash flow are intended to supplement and should be read together with the financial results. Adjusted EBITDA and Free cash flow should not be considered alternatives or substitutes for, and should not be considered superior to, the reported financial results. Accordingly, users of this financial information should not place undue reliance on the non-GAAP financial measures. See the table below for a reconciliation of Net earnings to Adjusted EBITDA and a reconciliation of Net cash from operating activities to Free cash flow.

Adjusted EBITDA margin is a non-GAAP financial measure. In calculating adjusted EBITDA, we make certain adjustments, including for interest and other (which includes interest and investment income and equity in earnings of investee), share-based compensation expense, net gains or losses on the disposition and impairment of assets, and impairment of intangible assets. The most directly comparable GAAP financial measure is net earnings as a percentage of net sales (net margin). For the nine months ended September 26, 2026, our net margin was 3.8 percent, and our adjusted EBITDA margin, calculated as described above, was 7.6 percent. We have not provided a quantitative reconciliation of the forward-looking adjusted EBITDA margin target to the most directly comparable GAAP measure because certain reconciling items and certain discrete tax items cannot be reasonably predicted due to the long-term nature of this target and the inherent variability and uncertainty of such items. These items could individually or in the aggregate be significant to the difference between adjusted EBITDA margin and the comparable GAAP measure.

Free cash flow is defined as net cash from operating activities, adjusted to exclude the change in investment in net working capital, less maintenance capital expenditures, plus interest expense, net of taxes. Free cash flow does not deduct expansionary and efficiency capital expenditures, acquisitions, dividends, or mandatory debt service, and therefore does not represent residual cash flow available for discretionary expenditures.

# # #

---------------AT THE COMPANY---------------

​

Stanley Elliott

Director of Investor Relations

(804) 337-8217

​

​

‌Page 5

Exhibit 99.1

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND

COMPREHENSIVE INCOME (UNAUDITED)

FOR THE THREE AND NINE MONTHS ENDED

SEPTEMBER 2026/2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Period

Year to Date

(In thousands, except per share data)

​ ​ ​

2026

2025

2026

2025

Net sales

​

$

1,732,836

​

100.0

%

$

1,559,627

​

100.0

%

$

5,077,040

​

100.0

%

$

4,990,520

​

100.0

%

Cost of sales

​

​

1,487,915

​

85.9

​

​

1,296,946

​

83.2

​

​

4,305,995

​

84.8

​

​

4,146,909

​

83.1

​

Gross profit

​

​

244,921

​

14.1

​

​

262,681

​

16.8

​

​

771,045

​

15.2

​

​

843,611

​

16.9

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Operating expenses

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Selling, general and administrative expenses

​

​

178,091

​

10.3

​

​

170,030

​

10.9

​

​

536,694

​

10.6

​

​

531,279

​

10.6

​

Net (gain) loss on disposition and impairments of assets

​

​

(3,184)

​

(0.2)

​

​

2,458

​

0.2

​

​

(4,534)

​

(0.1)

​

​

6,212

​

0.1

​

Other (gains) losses, net

​

​

(142)

​

—

​

​

722

​

—

​

​

1,232

​

—

​

​

1,306

​

—

​

Total operating expenses

​

​

174,765

​

10.1

​

​

173,210

​

11.1

​

​

533,392

​

​

​

​

538,797

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Earnings from operations

​

​

70,156

​

4.0

​

​

89,471

​

5.7

​

​

237,653

​

4.7

​

​

304,814

​

6.1

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Interest and other

​

​

(6,716)

​

(0.4)

​

​

(9,663)

​

(0.6)

​

​

(19,025)

​

(0.4)

​

​

(26,946)

​

(0.5)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Earnings before income taxes

​

​

76,872

​

4.4

​

​

99,134

​

6.4

​

​

256,678

​

5.1

​

​

331,760

​

6.6

​

Income taxes

​

​

18,239

​

1.1

​

​

23,592

​

1.5

​

​

63,777

​

1.3

​

​

75,924

​

1.5

​

Net earnings

​

​

58,633

​

3.4

​

​

75,542

​

4.8

​

​

192,901

​

3.8

​

​

255,836

​

5.1

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Less net earnings attributable to noncontrolling interest

​

​

(668)

​

—

​

​

(196)

​

—

​

​

(1,290)

​

—

​

​

(1,003)

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net earnings attributable to controlling interest

​

$

57,965

​

3.3

​

$

75,346

​

4.8

​

$

191,611

​

3.8

​

$

254,833

​

5.1

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Earnings per share - basic

​

$

1.05

​

​

​

$

1.29

​

​

​

$

3.43

​

​

​

$

4.29

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Earnings per share - diluted

​

$

1.05

​

​

​

$

1.29

​

​

​

$

3.43

​

​

​

$

4.28

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Comprehensive income

​

$

57,723

​

​

​

$

76,049

​

​

​

$

190,839

​

​

​

$

271,262

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Less comprehensive income attributable to noncontrolling interest

​

​

(396)

​

​

​

​

(487)

​

​

​

​

(1,479)

​

​

​

​

(2,878)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Comprehensive income attributable to controlling interest

​

$

57,327

​

​

​

$

75,562

​

​

​

$

189,360

​

​

​

$

268,384

​

​

​

​

​

​

​

‌Page 6

Exhibit 99.1

CONDENSED CONSOLIDATED STATEMENTS

OF EARNINGS BY SEGMENT (UNAUDITED)

FOR THE THREE MONTHS ENDED SEPTEMBER 2026/2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Period 2026

(In thousands)

​

Retail

​

Packaging

​

Construction

​

All Other

​

Corporate

​

Total

Net sales

​

$

634,514

​

$

465,845

​

$

552,423

​

$

78,029

​

$

2,025

​

$

1,732,836

Cost of sales

​

560,963

​

406,791

​

461,118

​

​

64,512

​

​

(5,469)

​

​

1,487,915

Gross profit

​

​

73,551

​

​

59,054

​

​

91,305

​

​

13,517

​

​

7,494

​

​

244,921

Selling, general and administrative expenses

​

​

52,240

​

​

45,987

​

​

63,324

​

​

9,618

​

​

6,922

​

​

178,091

Net loss (gain) on disposition and impairments of assets

​

​

801

​

​

150

​

​

20

​

​

165

​

​

(4,320)

​

​

(3,184)

Other (gains) losses, net

​

(336)

​

​

—

​

​

107

​

​

50

​

​

37

​

​

(142)

Earnings from operations

​

​

20,846

​

​

12,917

​

​

27,854

​

​

3,684

​

​

4,855

​

​

70,156

Interest and other

​

​

(103)

​

​

(2,071)

​

​

(9)

​

​

(253)

​

​

(4,280)

​

​

(6,716)

Earnings before income taxes

​

​

20,949

​

​

14,988

​

​

27,863

​

​

3,937

​

​

9,135

​

​

76,872

Income taxes

​

​

4,848

​

​

3,577

​

​

6,722

​

​

847

​

​

2,245

​

​

18,239

Net earnings

​

$

16,101

​

$

11,411

​

$

21,141

​

$

3,090

​

$

6,890

​

$

58,633

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Period 2025

(In thousands)

​

Retail

​

Packaging

​

Construction

​

All Other

​

Corporate

​

Total

Net sales

​

$

593,985

​

$

394,949

​

$

496,465

​

$

72,482

​

$

1,746

​

$

1,559,627

Cost of sales

​

513,763

​

327,528

​

405,262

​

59,251

​

​

(8,858)

​

​

1,296,946

Gross profit

​

​

80,222

​

​

67,421

​

​

91,203

​

​

13,231

​

​

10,604

​

​

262,681

Selling, general and administrative expenses

​

​

49,032

​

​

45,831

​

​

58,943

​

​

9,226

​

​

6,998

​

​

170,030

Net loss (gain) on disposition and impairments of assets

​

​

9,983

​

​

(5,970)

​

​

(59)

​

​

63

​

​

(1,559)

​

​

2,458

Other losses (gains), net

​

462

​

​

—

​

​

(3)

​

​

203

​

​

60

​

​

722

Earnings from operations

​

​

20,745

​

​

27,560

​

​

32,322

​

​

3,739

​

​

5,105

​

​

89,471

Interest and other

​

​

(70)

​

​

(381)

​

​

(7)

​

​

(2,845)

​

​

(6,360)

​

​

(9,663)

Earnings before income taxes

​

​

20,815

​

​

27,941

​

​

32,329

​

​

6,584

​

​

11,465

​

​

99,134

Income taxes

​

​

5,074

​

​

6,583

​

​

7,647

​

​

1,691

​

​

2,597

​

​

23,592

Net earnings

​

$

15,741

​

$

21,358

​

$

24,682

​

$

4,893

​

$

8,868

​

$

75,542

​

​

‌Page 7

Exhibit 99.1

CONDENSED CONSOLIDATED STATEMENTS

OF EARNINGS BY SEGMENT (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 2026/2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year to Date 2026

(In thousands)

​

Retail

​

Packaging

​

Construction

​

All Other

​

Corporate

​

Total

Net sales

​

$

1,984,433

​

$

1,318,183

​

$

1,544,713

​

$

223,461

​

$

6,250

​

$

5,077,040

Cost of sales

​

1,715,673

​

1,138,422

​

1,285,463

​

185,352

​

​

(18,915)

​

​

4,305,995

Gross profit

​

​

268,760

​

​

179,761

​

​

259,250

​

​

38,109

​

​

25,165

​

​

771,045

Selling, general and administrative expenses

​

​

171,003

​

​

136,770

​

​

189,080

​

​

28,684

​

​

11,157

​

​

536,694

Net loss (gain) on disposition and impairments of assets

​

​

2,649

​

​

86

​

​

70

​

​

240

​

​

(7,579)

​

​

(4,534)

Other losses, net

​

​

123

​

​

—

​

​

659

​

​

399

​

​

51

​

​

1,232

Earnings from operations

​

​

94,985

​

​

42,905

​

​

69,441

​

​

8,786

​

​

21,536

​

​

237,653

Interest and other

​

​

(541)

​

​

(2,849)

​

​

(409)

​

​

(7,486)

​

​

(7,740)

​

​

(19,025)

Earnings before income taxes

​

​

95,526

​

​

45,754

​

​

69,850

​

​

16,272

​

​

29,276

​

​

256,678

Income taxes

​

​

23,735

​

​

11,369

​

​

17,355

​

​

3,414

​

​

7,904

​

​

63,777

Net earnings

​

$

71,791

​

$

34,385

​

$

52,495

​

$

12,858

​

$

21,372

​

$

192,901

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year to Date 2025

(In thousands)

​

Retail

​

Packaging

​

Construction

​

All Other

​

Corporate

​

Total

Net sales

​

$

1,989,592

​

$

1,233,626

​

$

1,563,995

​

$

197,806

​

$

5,501

​

$

4,990,520

Cost of sales

​

1,714,335

​

1,026,049

​

1,281,803

​

160,706

​

​

(35,984)

​

​

4,146,909

Gross profit

​

​

275,257

​

​

207,577

​

​

282,192

​

​

37,100

​

​

41,485

​

​

843,611

Selling, general and administrative expenses

​

​

163,029

​

​

136,748

​

​

185,454

​

​

28,086

​

​

17,962

​

​

531,279

Net loss (gain) on disposition and impairments of assets

​

​

11,090

​

​

(4,713)

​

​

272

​

​

2,679

​

​

(3,116)

​

​

6,212

Other losses (gains), net

​

​

780

​

​

—

​

​

268

​

​

451

​

​

(193)

​

​

1,306

Earnings from operations

​

​

100,358

​

​

75,542

​

​

96,198

​

​

5,884

​

​

26,832

​

​

304,814

Interest and other

​

​

(184)

​

​

(848)

​

​

(8)

​

​

(6,304)

​

​

(19,602)

​

​

(26,946)

Earnings before income taxes

​

​

100,542

​

​

76,390

​

​

96,206

​

​

12,188

​

​

46,434

​

​

331,760

Income taxes

​

​

23,010

​

​

17,482

​

​

22,017

​

​

2,779

​

​

10,636

​

​

75,924

Net earnings

​

$

77,532

​

$

58,908

​

$

74,189

​

$

9,409

​

$

35,798

​

$

255,836

​

​

‌Page 8

Exhibit 99.1

​

RECONCILIATION OF NET EARNINGS TO

ADJUSTED EBITDA BY SEGMENT (UNAUDITED)

FOR THE THREE MONTHS ENDED SEPTEMBER 2026/2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Period 2026

(In thousands)

​

Retail

​

Packaging

​

Construction

​

All Other

​

Corporate

​

Total

Net earnings

​

$

16,101

​

$

11,411

​

$

21,141

​

$

3,090

​

$

6,890

​

$

58,633

Interest and other

​

​

(103)

​

​

(2,071)

​

​

(9)

​

​

(253)

​

​

(4,280)

​

​

(6,716)

Income taxes

​

​

4,848

​

​

3,577

​

​

6,722

​

​

847

​

​

2,245

​

​

18,239

Expenses associated with share-based compensation arrangements

​

​

1,254

​

​

1,798

​

​

2,559

​

​

109

​

​

1,067

​

​

6,787

Net loss (gain) on disposition and impairments of assets

​

​

801

​

​

150

​

​

20

​

​

165

​

​

(4,320)

​

​

(3,184)

Depreciation expense

​

​

10,298

​

​

10,191

​

​

6,481

​

​

858

​

​

12,015

​

​

39,843

Amortization of intangibles

​

​

926

​

​

2,194

​

​

777

​

​

1,640

​

​

116

​

​

5,653

Adjusted EBITDA

​

$

34,125

​

$

27,250

​

$

37,691

​

$

6,456

​

$

13,733

​

$

119,255

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net earnings as a percentage of net sales

​

​

2.5%

​

​

2.4%

​

​

3.8%

​

​

4.0%

​

​

*

​

​

3.4%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted EBITDA as a percentage of net sales

​

​

5.4%

​

​

5.8%

​

​

6.8%

​

​

8.3%

​

​

*

​

​

6.9%

* Not meaningful

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Quarter Period 2025

(In thousands)

​

Retail

​

Packaging

​

Construction

​

All Other

​

Corporate

​

Total

Net earnings

​

$

15,741

​

$

21,358

​

$

24,682

​

$

4,893

​

$

8,868

​

$

75,542

Interest and other

​

​

(70)

​

​

(381)

​

​

(7)

​

​

(2,845)

​

​

(6,360)

​

​

(9,663)

Income taxes

​

​

5,074

​

​

6,583

​

​

7,647

​

​

1,691

​

​

2,597

​

​

23,592

Expenses associated with share-based compensation arrangements

​

​

855

​

​

1,609

​

​

2,173

​

​

171

​

​

2,728

​

​

7,536

Net loss (gain) on disposition and impairments of assets

​

​

7,583

​

​

(5,970)

​

​

(59)

​

​

63

​

​

(1,559)

​

​

58

Impairment of intangibles

​

​

2,400

​

​

—

​

​

—

​

​

—

​

​

—

​

​

2,400

Depreciation expense

​

​

7,523

​

​

8,946

​

​

6,667

​

​

1,027

​

​

10,470

​

​

34,633

Amortization of intangibles

​

​

879

​

​

2,139

​

​

775

​

​

1,701

​

​

427

​

​

5,921

Adjusted EBITDA

​

$

39,985

​

$

34,284

​

$

41,878

​

$

6,701

​

$

17,171

​

$

140,019

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net earnings as a percentage of net sales

​

​

2.7%

​

​

5.4%

​

​

5.0%

​

​

6.8%

​

​

*

​

​

4.8%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted EBITDA as a percentage of net sales

​

​

6.7%

​

​

8.7%

​

​

8.4%

​

​

9.2%

​

​

*

​

​

9.0%

* Not meaningful

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

‌Page 9

Exhibit 99.1

RECONCILIATION OF NET EARNINGS TO

ADJUSTED EBITDA BY SEGMENT (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 2026/2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year to Date 2026

(In thousands)

​

Retail

​

Packaging

​

Construction

​

All Other

​

Corporate

​

Total

Net earnings

​

$

71,791

​

$

34,385

​

$

52,495

​

$

12,858

​

$

21,372

​

$

192,901

Interest and other

​

​

(541)

​

​

(2,849)

​

​

(409)

​

​

(7,486)

​

​

(7,740)

​

​

(19,025)

Income taxes

​

​

23,735

​

​

11,369

​

​

17,355

​

​

3,414

​

​

7,904

​

​

63,777

Expenses associated with share-based compensation arrangements

​

​

4,614

​

​

5,769

​

​

7,891

​

​

338

​

​

3,645

​

​

22,257

Net loss (gain) on disposition and impairments of assets

​

​

2,649

​

​

86

​

​

19

​

​

240

​

​

(7,579)

​

​

(4,585)

Impairment of intangibles

​

​

—

​

​

—

​

​

51

​

​

—

​

​

—

​

​

51

Depreciation expense

​

​

27,962

​

​

27,815

​

​

19,895

​

​

2,721

​

​

34,816

​

​

113,209

Amortization of intangibles

​

​

2,681

​

​

6,398

​

​

2,126

​

​

4,953

​

​

348

​

​

16,506

Adjusted EBITDA

​

$

132,891

​

$

82,973

​

$

99,423

​

$

17,038

​

$

52,766

​

$

385,091

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net earnings as a percentage of net sales

​

​

3.6%

​

​

2.6%

​

​

3.4%

​

​

5.8%

​

​

*

​

​

3.8%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted EBITDA as a percentage of net sales

​

​

6.7%

​

​

6.3%

​

​

6.4%

​

​

7.6%

​

​

*

​

​

7.6%

* Not meaningful

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Year to Date 2025

(In thousands)

​

Retail

​

Packaging

​

Construction

​

All Other

​

Corporate

​

Total

Net earnings

​

$

77,532

​

$

58,908

​

$

74,189

​

$

9,409

​

$

35,798

​

$

255,836

Interest and other

​

​

(184)

​

​

(848)

​

​

(8)

​

​

(6,304)

​

​

(19,602)

​

​

(26,946)

Income taxes

​

​

23,010

​

​

17,482

​

​

22,017

​

​

2,779

​

​

10,636

​

​

75,924

Expenses associated with share-based compensation arrangements

​

​

3,146

​

​

5,390

​

​

7,173

​

​

609

​

​

11,588

​

​

27,906

Net loss (gain) on disposition and impairments of assets

​

​

8,690

​

​

(4,713)

​

​

272

​

​

2,679

​

​

(3,116)

​

​

3,812

Impairment of intangibles

​

​

2,400

​

​

—

​

​

—

​

​

—

​

​

​

​

​

2,400

Gain from reduction of estimated earnout liability

​

​

—

​

​

(1,511)

​

​

(344)

​

​

—

​

​

—

​

​

(1,855)

Depreciation expense

​

​

22,425

​

​

26,933

​

​

19,188

​

​

3,080

​

​

29,948

​

​

101,574

Amortization of intangibles

​

​

2,793

​

​

6,484

​

​

2,181

​

​

4,973

​

​

1,235

​

​

17,666

Adjusted EBITDA

​

$

139,812

​

$

108,125

​

$

124,668

​

$

17,225

​

$

66,487

​

$

456,317

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Net earnings as a percentage of net sales

​

​

3.9%

​

​

4.8%

​

​

4.7%

​

​

4.8%

​

​

*

​

​

5.1%

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Adjusted EBITDA as a percentage of net sales

​

​

7.0%

​

​

8.8%

​

​

8.0%

​

​

8.7%

​

​

*

​

​

9.1%

* Not meaningful

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

‌Page 10

Exhibit 99.1

​

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

SEPTEMBER 2026/2025

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

(In thousands)

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Assets

​ ​ ​

​

2026

​ ​ ​

​

2025

​ ​ ​

Liabilities and equity

​ ​ ​

​

2026

​ ​ ​

​

2025

​

Current assets

​

​

​

​

​

​

​

Current liabilities

​

​

​

​

​

​

​

Cash and cash equivalents

​

$

677,446

​

$

1,008,632

​

Accounts payable

​

$

279,768

​

$

231,905

​

Restricted cash

​

​

1,093

​

​

3,062

​

Accrued liabilities and other

​

​

299,154

​

​

294,923

​

Investments

​

​

47,526

​

​

33,926

​

Current portion of debt

​

​

5,247

​

​

5,386

​

Accounts receivable

​

​

684,638

​

​

607,537

​

​

​

​

​

​

​

​

​

Inventories

​

​

747,529

​

​

667,418

​

Total current liabilities

​

​

584,169

​

​

532,214

​

Other current assets

​

​

98,929

​

​

66,509

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Long-term debt and finance lease obligations

​

​

229,114

​

​

229,007

​

Total current assets

​

​

2,257,161

​

​

2,387,084

​

Other liabilities

​

​

264,122

​

​

166,057

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Other assets

​

​

328,805

​

​

283,796

​

Temporary equity

​

​

476

​

​

5,018

​

Intangible assets, net

​

​

477,046

​

​

488,774

​

​

​

​

​

​

​

​

​

Property, plant and equipment, net

​

​

1,070,954

​

​

975,897

​

Shareholders' equity

​

​

3,056,085

​

​

3,203,255

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Total assets

​

$

4,133,966

​

$

4,135,551

​

Total liabilities and equity

​

$

4,133,966

​

$

4,135,551

​

​

​

​

‌Page 11

Exhibit 99.1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

FOR THE NINE MONTHS ENDED

SEPTEMBER 2026/2025

​	​	​	​	​	​	​	​
(In thousands)	​ ​ ​	​	2026	​ ​ ​	​	2025	​
Cash flows from operating activities:	​	​	​	​	​	​	​
Net earnings	​	$	192,901	​	$	255,836	​
Adjustments to reconcile net earnings to net cash from operating activities:	​	​	​	​	​	​	​
Depreciation	​	​	113,209	​	​	101,574	​
Amortization of intangibles	​	​	16,506	​	​	17,666	​
Expense associated with share-based and grant compensation arrangements	​	​	22,257	​	​	27,906	​
Deferred income taxes	​	​	(2,470)	​	​	(393)	​
Unrealized gain on investment and other	​	​	(4,241)	​	​	(2,195)	​
Impairment of investments	​	​	4,000	​	​	—	​
Equity in earnings of investee	​	​	(3,066)	​	​	(1,072)	​
Net (gain) loss on sale, disposition and impairment of assets	​	​	(4,585)	​	​	3,812	​
Impairment of intangibles	​	​	51	​	​	2,400	​
Gain from reduction of estimated earnout liability	​	​	—	​	​	(1,855)	​
Changes in:	​	​	​	​	​	​	​
Accounts receivable	​	​	(199,161)	​	​	(104,813)	​
Inventories	​	​	(1,405)	​	​	61,025	​
Accounts payable	​	​	67,016	​	​	6,243	​
Accrued liabilities and other	​	​	33,504	​	​	32,988	​
Net cash from operating activities	​	​	234,516	​	​	399,122	​
​	​	​	​	​	​	​	​
Cash flows used in investing activities:	​	​	​	​	​	​	​
Capital expenditures	​	​	(122,715)	​	​	(205,504)	​
Proceeds from sale of property, plant and equipment	​	​	19,188	​	​	17,308	​
Acquisitions and purchases of non-controlling interest, net of cash received	​	​	(123,097)	​	​	(17,626)	​
Purchases of investments	​	​	(28,379)	​	​	(27,388)	​
Proceeds from sale of investments	​	​	15,702	​	​	14,464	​
Other	​	​	3,201	​	​	1,535	​
Net cash used in investing activities	​	​	(236,100)	​	​	(217,211)	​
​	​	​	​	​	​	​	​
Cash flows used in financing activities:	​	​	​	​	​	​	​
Borrowings under revolving credit facilities	​	​	35,594	​	​	23,299	​
Repayments under revolving credit facilities	​	​	(30,718)	​	​	(22,469)	​
Contingent consideration payments and other	​	​	(1,939)	​	​	(221)	​
Proceeds from issuance of common stock	​	​	1,824	​	​	1,867	​
Dividends paid to shareholders	​	​	(60,199)	​	​	(62,490)	​
Distributions to noncontrolling interest	​	​	(3,083)	​	​	(1,280)	​
Purchase of remaining noncontrolling interest of subsidiary	​	​	(3,937)	​	​	—	​
Payments to taxing authorities in connection with shares directly withheld from employees	​	​	(1,458)	​	​	(9,582)	​
Repurchase of common stock	​	​	(181,281)	​	​	(280,987)	​
Other	​	​	73	​	​	(182)	​
Net cash used in financing activities	​	​	(245,124)	​	​	(352,045)	​
​	​	​	​	​	​	​	​
Effect of exchange rate changes on cash	​	​	176	​	​	2,234	​
Net change in cash and cash equivalents	​	​	(246,532)	​	​	(167,900)	​
​	​	​	​	​	​	​	​
Cash, cash equivalents, and restricted cash, beginning of period	​	​	925,071	​	​	1,179,594	​
​	​	​	​	​	​	​	​
Cash, cash equivalents, and restricted cash, end of period	​	$	678,539	​	$	1,011,694	​
​	​	​	​	​	​	​	​
Reconciliation of cash and cash equivalents and restricted cash:	​	​	​	​	​	​	​
Cash and cash equivalents, beginning of period	​	$	914,199	​	$	1,171,828	​
Restricted cash, beginning of period	​	​	10,872	​	​	7,766	​
Cash, cash equivalents, and restricted cash, beginning of period	​	$	925,071	​	$	1,179,594	​
​	​	​	​	​	​	​	​
Cash and cash equivalents, end of period	​	$	677,446	​	$	1,008,632	​
Restricted cash, end of period	​	​	1,093	​	​	3,062	​
Cash, cash equivalents, and restricted cash, end of period	​	$	678,539	​	$	1,011,694	​

​

​

‌Page 12

Exhibit 99.1

RECONCILIATION OF NET CASH FROM OPERATING

ACTIVITIES TO FREE CASH FLOW (UNAUDITED)

FOR THE NINE MONTHS ENDED SEPTEMBER 2026/2025

​

​

​	​	​	​	​	​	​	​
(In thousands)	​ ​ ​	​	2026	​ ​ ​	​	2025	​
Net cash from operating activities	​	$	234,516	​	$	399,122	​
Increase in investment in net working capital	​	​	100,046	​	​	4,557	​
Maintenance capital expenditures(1)	​	​	(52,910)	​	​	(80,947)	​
Interest expense, net of taxes	​	​	5,515	​	​	6,279	​
Free cash flow	​	$	287,167	​	$	329,011	​
​	​	​	​	​	​	​	​
(1) Breakdown of Capital expenditures from the condensed consolidated statements of cash flows:	​	​	​	​	​	​	​
Maintenance capital expenditures	​	$	52,910	​	$	80,947	​
Expansionary and efficiency capital expenditures	​	​	69,805	​	​	124,557	​
Total Capital expenditures	​	$	122,715	​	$	205,504	​

​

‌Page 13

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 EX-99.1 1.3 MB

Other Documents

• EX-101 EX-101.SCH 2.6 KB
• EX-101 EX-101.LAB 14.9 KB
• EX-101 EX-101.PRE 9.8 KB