earnings
confidence high
sentiment negative
materiality 0.75
UFP Industries Q3 sales $1.65B (-10% YoY), net earnings $100M (-26%), EPS $1.64; dividend raised 10% to $0.33
UFP INDUSTRIES INC
2024-Q3 EPS reported
$5.65
revenue$5,190,308,000
- Net sales $1.65B (-10% YoY) driven by 3% unit volume decline and 7% price decline; SYP prices fell 21%.
- Net earnings attributable to controlling interest $100M (-26% YoY); diluted EPS $1.64.
- Adjusted EBITDA $165M (-21% YoY); margin 10.0% down 140 bps.
- Quarterly dividend raised 10% to $0.33/share, payable Dec 16 to holders of record Dec 2.
- Board authorized $200M share repurchase through July 2025; no buys yet. Cash $1.19B.