UFP Industries Q4 EPS $1.62, FY EPS $8.07; raises long-term growth targets

UFP INDUSTRIES INC

2023-FY EPS reported $8.07 revenue$7,218,384,000

Q4 net sales $1.52B (-20% YoY); net earnings $103M; diluted EPS $1.62.
Fiscal 2023 net sales $7.2B (-25%); diluted EPS $8.07 (-26%); adjusted EBITDA $810M.
Raises long-term goals for unit growth and profitability; expects H1 2024 challenging, H2 improvement.
Net surplus cash $841.9M; capex target $250-300M for 2024; acquired Palets Suller for ~$52M.
Value-added product sales improved to 68% of total sales vs 63% in 2022.

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 0.97

UFP INDUSTRIES INC reported fiscal 2023 results: revenue $7.2 billion, EPS $8.07. Guidance raised.

Period: fiscal 2023
Revenue: $7.2 billion
EPS: $8.07
Guidance: raised
Result: reported results

Exact text from the filing

The company also announced net sales of $7.2 billion and earnings per diluted share of $8.07 for fiscal 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

UFP INDUSTRIES INC reported the fourth quarter of 2023 results: revenue $1.5 billion, net income $103 million, EPS $1.62. Guidance raised.

Period: the fourth quarter of 2023
Revenue: $1.5 billion
Net income: $103 million
EPS: $1.62
Guidance: raised
Result: reported results

Exact text from the filing

UFP Industries, Inc. (Nasdaq: UFPI) today announced net sales of $1.5 billion, net earnings attributable to controlling interest of $103 million, and earnings per diluted share of $1.62 for the fourth quarter of 2023.

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UFP INDUSTRIES INC filing history →

Source: SEC EDGAR

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