earnings
confidence high
sentiment negative
materiality 0.75
UFPI Q4 net sales down 4% to $1.46B, EPS $1.12; FY2024 EPS $6.77, down 19% YoY
UFP INDUSTRIES INC
2024-FY EPS reported
$6.77
revenue$6,652,309,000
- Q4 net sales $1.46B, down 4% YoY; net earnings $68M, down 34%; diluted EPS $1.12.
- FY2024 net sales $6.7B, down 8%; net earnings $414.6M, down 19%; diluted EPS $6.77 (incl. $0.11 impairment/severance).
- Adjusted EBITDA Q4 $132.7M (9.1% margin) vs $165.6M (10.9%); FY $682.3M (10.3%) vs $810M (11.2%).
- CEO transition: Will Schwartz replaced Matt Missad as CEO on Dec 29, 2024; also added president role; CFO Mike Cole expanded duties.
- Cost savings target: $60M by end of 2026; cash $1.2B, liquidity $2.5B.