UFP Industries reports record FY2022 net sales of $9.6B, EPS up 28% to $10.97; Q4 sales down 5%

UFP INDUSTRIES INC

2022-FY EPS reported $10.97 revenue$9,626,739,000

Q4 net sales $1.91B (-5% YoY); diluted EPS $2.10; adjusted EBITDA $213M, margin 11.1%.
FY2022 record net sales $9.63B (+11%); diluted EPS $10.97 (+28%); adjusted EBITDA $1.1B (+32%).
New product sales $736M (+53%); acquisitions contributed $25.5M to adjusted EBITDA.
Board approved $0.25 quarterly dividend (payable Mar 15, record Mar 1); $95.8M share repurchases in 2022.
Segment outlook: housing starts expected down 15-20% in 2023; retail unit sales flat; packaging flat to slightly down.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

UFP INDUSTRIES INC reported fiscal 2022 results: revenue $9.6 billion, EPS $10.97.

Period: fiscal 2022
Revenue: $9.6 billion
EPS: $10.97
Result: reported results

Exact text from the filing

The company also announced a record $9.6 billion in net sales for fiscal 2022, an 11 percent increase over 2021, and record 2022 earnings per diluted share of $10.97, a 28 percent increase over the previous year.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

UFP INDUSTRIES INC reported the fourth quarter ended December 31, 2022 results: revenue $1.9 billion, net income $133 million, EPS $2.10.

Period: the fourth quarter ended December 31, 2022
Revenue: $1.9 billion
Net income: $133 million
EPS: $2.10
Result: reported results

Exact text from the filing

UFP Industries, Inc. (Nasdaq: UFPI) today announced net sales of $1.9 billion, net earnings attributable to controlling interest of $133 million, and earnings per diluted share of $2.10 for the fourth quarter of 2022.

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Source: SEC EDGAR

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