secwatch.observer — SEC 8-K summary
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Issuer:     UFP INDUSTRIES INC (UFPI)
CIK:        0000912767
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0000912767-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912767/000091276723000013/0000912767-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912767/000091276723000013/ufpi-20230502x8k.htm
  HTML page:      https://secwatch.observer/filing/0000912767-23-000013

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