UFP Industries Q3 net sales down 21% to $1.83B, EPS $2.10 (-21% YoY); adjusted EBITDA margin 11.4%

UFP INDUSTRIES INC

2023-Q3 EPS reported $6.45 revenue$5,694,031,000

Net sales $1.83B, down 21% YoY (price -12%, organic units -9%).
Diluted EPS $2.10, down 21% from record Q3 2022; net earnings $134M.
Adjusted EBITDA $208M (-24% YoY), margin 11.4% (down 40 bp, above minimum target).
Acquired controlling interest in Palets Suller, Spanish pallet manufacturer, expanding European presence.
Board declared $0.30 quarterly dividend, payable Dec 15, record Dec 1; $179M left in $200M buyback authorization.

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 0.95

UFP INDUSTRIES INC reported third quarter 2023 results: revenue $1.83 billion, net income $134 million, EPS $2.10.

Period: third quarter 2023
Revenue: $1.83 billion
Net income: $134 million
EPS: $2.10
Result: reported results

Exact text from the filing

adaptability to internal change and an ability to manage through challenging markets.” Third Quarter 2023 Highlights (comparisons on a year-over-year basis): ● Net sales of $1.83 billion decreased 21 percent due to a 12 percent decrease in prices and a 9 percent decrease in organic unit sales. ● New product sales as a percent of total sales rose to 9.7 percent

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3 earnings releases filed in the last 30 days. Browse all earnings releases →

UFP INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000912767-23-000043

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