UFP Industries Q2 2023: Net sales $2.04B, EPS $2.36; dividend raised 20%

UFP INDUSTRIES INC

2023-Q2 EPS reported $4.35 revenue$3,866,394,000

Net sales of $2.04B down 30% YoY (price -22%, volume -8%); diluted EPS $2.36 down 27%.
Adjusted EBITDA $234M (27% decrease) but margin improved to 11.5% from 11%.
Board approved 20% dividend increase to $0.30/share; payable Sept 15, record Sept 1.
Share repurchase authorization increased to $200M through July 2024; $55.5M repurchased in H1.
Capex target lowered to $175-200M; $31M for doubling Deckorators MBC decking capacity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

UFP INDUSTRIES INC reported second quarter 2023 results: revenue $2.04 billion, net income $151 million, EPS $2.36.

Period: second quarter 2023
Revenue: $2.04 billion
Net income: $151 million
EPS: $2.36
Result: reported results

Exact text from the filing

UFP Industries, Inc. (Nasdaq: UFPI) today announced second quarter 2023 results including net sales of $2.04 billion, net earnings attributable to controlling interest of $151 million, and earnings per diluted share of $2.36.

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UFP INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000912767-23-000028

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