---
schema_version: "secwatch.filing_event.v1"
accession: "0000912767-23-000013"
form_type: "8-K"
ticker: "UFPI"
cik: "0000912767"
company_name: "UFP INDUSTRIES INC"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T04:26:36.759420+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# UFP Industries Q1 net sales $1.82B (-27% YoY), diluted EPS $1.98 (-34% YoY)

## Summary
- Net sales $1.82B, down 27% YoY; diluted EPS $1.98 down 34%; net earnings $126M.
- Adjusted EBITDA $202M (-31%), margin 11.1% vs 11.7% last year.
- UFP Retail Solutions sales $749.6M (-25%), UFP Packaging $486.6M (-20%), UFP Construction $515.6M (-34%).
- New product sales $167M (-10%) but rose to 9.1% of total sales from 7.4%.
- Net surplus cash $145.3M; repurchased 451k shares for $35.3M; $0.25 dividend payable June 15.

## SEC filing metadata
- accession: 0000912767-23-000013
- form_type: 8-K
- ticker: UFPI
- cik: 0000912767
- company_name: UFP INDUSTRIES INC
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912767/000091276723000013/0000912767-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912767/000091276723000013/ufpi-20230502x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912767-23-000013
- JSON: https://secwatch.observer/filing/0000912767-23-000013.json
- Plain text: https://secwatch.observer/filing/0000912767-23-000013.txt

## Key facts
- Earnings Releases
  UFP INDUSTRIES INC reported first quarter 2023 results: revenue $1.82 billion, net income net earnings attributable to controlling interest of $126 million, EPS $1.98.
  - Period: first quarter 2023
  - Revenue: $1.82 billion
  - Net income: net earnings attributable to controlling interest of $126 million
  - EPS: $1.98
  - Result: reported results
  source text: UFP Industries Announces First Quarter Results Net sales of $1.82 billion, diluted EPS of $1.98
  evidence_url: https://www.sec.gov/Archives/edgar/data/912767/000091276723000013/0000912767-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.