Ufp Industries Inc SEC Filings

UFP Industries Inc director Ronald K. Grubbs Jr. filed an initial Form 3 ownership report. The filing lists him as a director of the company but does not report any stock transactions or derivative holdings, serving mainly as a baseline disclosure of his insider status.

UFP Industries reported softer first-quarter 2026 results as weaker residential construction, adverse weather, and higher costs weighed on performance. Net sales were $1.46 billion, down 8.4% from $1.60 billion, driven by a 7% decline in organic units and a 1% price decrease.

Net earnings attributable to controlling interest fell to $50.8 million from $78.8 million, and diluted EPS declined to $0.89 from $1.30. Adjusted EBITDA was $111.4 million, down 21.7%, with margin at 7.6% versus 8.9% a year ago.

Retail, Packaging, and Construction segments all saw lower sales and profits, with Construction margins under the most pressure. Operating activities used $103.6 million of cash, though free cash flow was $86.6 million after working capital adjustments. As of March 28, 2026, liquidity was about $2.0 billion, including over $715 million of cash and $1.3 billion of revolver and shelf availability.

Management expects 2026 demand to track toward the low end of prior guidance and sees energy and transportation costs as ongoing headwinds, but continues a $60 million cost-out program, with at least $25 million in savings still targeted for delivery by year-end and long-term goals of 7–10% annual unit growth and 12.5% adjusted EBITDA margins.

UFP Industries reported softer first-quarter 2026 results as weaker residential construction, adverse weather, and higher costs weighed on performance. Net sales were $1.46 billion, down 8.4% from $1.60 billion, driven by a 7% decline in organic units and a 1% price decrease.

Net earnings attributable to controlling interest fell to $50.8 million from $78.8 million, and diluted EPS declined to $0.89 from $1.30. Adjusted EBITDA was $111.4 million, down 21.7%, with margin at 7.6% versus 8.9% a year ago.

Retail, Packaging, and Construction segments all saw lower sales and profits, with Construction margins under the most pressure. Operating activities used $103.6 million of cash, though free cash flow was $86.6 million after working capital adjustments. As of March 28, 2026, liquidity was about $2.0 billion, including over $715 million of cash and $1.3 billion of revolver and shelf availability.

Management expects 2026 demand to track toward the low end of prior guidance and sees energy and transportation costs as ongoing headwinds, but continues a $60 million cost-out program, with at least $25 million in savings still targeted for delivery by year-end and long-term goals of 7–10% annual unit growth and 12.5% adjusted EBITDA margins.

UFP Industries Inc ownership filing by Vanguard Portfolio Management reports beneficial ownership of 3,331,989 shares, representing 5.86% of the common stock as reflected in the filing. Vanguard Portfolio Management discloses sole dispositive power over 3,331,989 shares and sole voting power over 36,602 shares. The filing notes these holdings reflect securities managed across Vanguard affiliates and funds and is signed on 04/29/2026, with the ownership snapshot tied to 03/31/2026.

UFP Industries Inc ownership filing by Vanguard Portfolio Management reports beneficial ownership of 3,331,989 shares, representing 5.86% of the common stock as reflected in the filing. Vanguard Portfolio Management discloses sole dispositive power over 3,331,989 shares and sole voting power over 36,602 shares. The filing notes these holdings reflect securities managed across Vanguard affiliates and funds and is signed on 04/29/2026, with the ownership snapshot tied to 03/31/2026.

UFP Industries is expanding its pallet manufacturing network by acquiring the operating assets, including real estate, of Minnesota-based Berry Pallets, Inc. for approximately $20 million. Berry Pallets contributes about $23 million in annual sales and brings 75 employees into UFP Packaging.

The deal is designed to strengthen UFP’s core wood-based industrial packaging business and deepen its presence in the upper Midwest, improving service to regional and national customers. The transaction is expected to close on or around May 18, 2026, with Berry’s facility integrated into UFP Packaging’s existing pallet network.

UFP Industries, Inc. held its Annual Meeting of Shareholders on April 22, 2026 and reported voting results on director elections, auditor ratification, and executive pay.

Shareholders elected four directors, including Mary Tuuk Kuras and three others, with each receiving more votes for than against. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for the fiscal year ending December 26, 2026, with 52,408,230 votes for versus 201,324 against.

On an advisory basis, shareholders approved the compensation of the company’s named executive officers, with 47,706,018 votes for and 1,772,787 against. Separately, the Board declared a quarterly cash dividend of $0.36 per share, payable on June 15, 2026, to shareholders of record on June 1, 2026. This dividend rate is a 3% increase from the 2025 dividend rate.

UFP Industries, Inc. announced leadership changes to support its growing acquisition strategy. Effective July 1, 2026, long-time executive Patrick M. Benton will move from President of UFP Construction to the newly created role of Executive Vice President of Operations Integration, focusing on integrating newly acquired businesses and enhancing performance across all segments.

On the same date, Mike Ellerbrook, currently Executive Vice President of UFP Site Built, will become President of UFP Construction. Both leaders have built their careers at UFP, and the company emphasizes using their operational, integration, innovation, and team-building strengths to maximize acquisition value and reinforce UFP’s culture-driven growth.

UFP Industries has acquired Oldcastle APG’s MoistureShield decking operating assets to expand its Deckorators wood-plastic composite (WPC) decking capacity. The deal adds manufacturing assets, inventory, certain product brands, and proprietary CoolDeck composite decking technology, which is designed to reduce heat absorption versus standard composite decking.

The acquired operations will be integrated into Deckorators’ existing manufacturing network to expand capacity, improve operational resilience, and support new product introductions in the growing outdoor living market. Management states this investment met internal return targets and helps achieve growth plans faster than building new facilities.

UFP expects that, with this acquisition and additional capital investments at the acquired facility, Deckorators’ overall WPC capacity can be doubled to a total of $200M by 2027, enabling better support for national retail partners, dealers, and contractors while maintaining a focus on innovation, quality, and service.

UFP Industries executive Landon C. Tarvin reported routine equity movements. On April 1, 2026, he exercised options to acquire 438 shares of common stock at $91.14 per share and disposed of 118 shares back to the issuer, leaving 21,685 shares held directly. An additional 2,969 shares are held indirectly as deferred compensation interests as of April 2, 2026.

UFP Industries Chief Executive Officer William Danny Schwartz reported routine share adjustments in company stock. On April 1, 2026, he exercised derivative securities to acquire 603 shares of UFP Industries common stock at $91.14 per share, then disposed of 132 shares back to the issuer at the same price. Following these transactions, he directly held 74,831 shares. He also reported indirect holdings of 2,469 shares through a 401(k) Plan and 10,884 shares through Deferred Comp Interest, reflecting retirement and deferred compensation accounts rather than open-market trading.

UFP Industries Chief Financial Officer Michael R. Cole reported routine equity transactions in company common stock. On April 1, 2026, he acquired 438 shares of common stock through a derivative exercise/conversion at $91.14 per share, then disposed of 114.975 shares back to the issuer at the same price.

Following these transactions, Cole holds 178,508 shares of common stock directly. He also reports indirect ownership of 30,004 shares through a 401(k) plan and 27,621 shares through deferred compensation interests.