---
schema_version: "secwatch.filing_event.v1"
accession: "0000912767-24-000003"
form_type: "8-K"
ticker: "UFPI"
cik: "0000912767"
company_name: "UFP INDUSTRIES INC"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:42:07.563895+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000912767-24-000003
- form_type: 8-K
- ticker: UFPI
- cik: 0000912767
- company_name: UFP INDUSTRIES INC
- filed_at: 2024-02-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/912767/000091276724000003/0000912767-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/912767/000091276724000003/ufpi-20240220x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000912767-24-000003
- JSON: https://secwatch.observer/filing/0000912767-24-000003.json
- Plain text: https://secwatch.observer/filing/0000912767-24-000003.txt

## Key facts
- Earnings Releases
  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
  source text: The company also announced net sales of $7.2 billion and earnings per diluted share of $8.07 for fiscal 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/912767/000091276724000003/0000912767-24-000003-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/912767/000091276724000003/0000912767-24-000003-index.htm

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