earnings
confidence high
sentiment positive
materiality 0.75
UFP Industries reports record Q3 2022: EPS $2.66 (+37%), sales $2.3B (+11%), dividend raised 67%
UFP INDUSTRIES INC
2022-Q3 EPS reported
$8.89
revenue$7,713,042,000
- Diluted EPS of $2.66, up 37% YoY; net earnings $167M; adjusted EBITDA $274M (+46%).
- Net sales $2.3B (+11%) on 6% price and 5% unit growth; new product sales up 38%.
- UFP Retail Solutions net sales $845M (+21%); gross margin surged to 9.2% from 1.6%.
- Quarterly dividend raised 67% to $0.25/share, payable Dec 15, 2022 to holders of record Dec 1.
- Liquidity ~$1.5B incl. $456M cash; 1.2M shares repurchased YTD at avg $77.06.