UFP Industries Q1 sales down 10% to $1.64B; EPS $1.96, in line with expectations

UFP INDUSTRIES INC

2024-Q1 EPS reported $1.96 revenue$1,638,966,000

Net sales $1.64B, down 10% YoY driven by 9% price decline and 1% organic unit sales drop.
Net earnings $121M; diluted EPS $1.96.
Adjusted EBITDA $181M, down 10% YoY; margin 11%, down 10 basis points.
New product sales $124M, 7.6% of total sales (vs 7.4% prior year).
CEO reaffirms investment in automation, consolidation, share repurchases, and dividend payouts.

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 0.9

UFP INDUSTRIES INC reported first quarter 2024 results: revenue $1.64 billion, net income $121 million, EPS $1.96.

Period: first quarter 2024
Revenue: $1.64 billion
Net income: $121 million
EPS: $1.96
Result: reported results

Exact text from the filing

UFP Industries, Inc. (Nasdaq: UFPI) today announced first quarter 2024 results including net sales of $1.64 billion, net earnings attributable to controlling interests of $121 million, and earnings per diluted share of $1.96.

View on SEC.gov

1436 earnings releases filed in the last 30 days. Browse all earnings releases →

UFP INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000912767-24-000010

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.