---
schema_version: "secwatch.filing_event.v1"
accession: "0000912767-23-000028"
form_type: "8-K"
ticker: "UFPI"
cik: "0000912767"
company_name: "UFP INDUSTRIES INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T16:08:26.820680+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000912767-23-000028
- form_type: 8-K
- ticker: UFPI
- cik: 0000912767
- company_name: UFP INDUSTRIES INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/912767/000091276723000028/0000912767-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912767/000091276723000028/ufpi-20230802x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912767-23-000028
- JSON: https://secwatch.observer/filing/0000912767-23-000028.json
- Plain text: https://secwatch.observer/filing/0000912767-23-000028.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/912767/000091276723000028/0000912767-23-000028-index.htm

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