Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering UFP Industries (UFPI) , which belongs to the Zacks Building Products - Wood industry.This wood and materials provider for the construction industry has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 11.74%.For the last reported quarte ...

Financial Data and Key Metrics Changes - Consolidated sales decreased by 7% to $1.9 billion, primarily due to a 6% reduction in selling prices and a 1% decline in unit sales [10] - Adjusted EBITDA dropped 13% to $204 million, with an adjusted EBITDA margin of 10.7%, remaining above historical levels [10] - Cash flow from operations was $239 million, down from $321 million last year, attributed to a decline in net earnings and increased investment in net working capital [13] Business Line Data and Key Metrics Changes - Retail segment sales fell 14% to $809 million, driven by a 7% decline in selling prices and a 5% drop in unit sales [11] - Construction segment sales increased 4% to $575 million, with a 4% decline in selling prices offset by a 7% gain in units [28] - Packaging segment sales dropped 11% to $435 million, consisting of an 8% decline in selling prices and a 6% decrease in units [84] Market Data and Key Metrics Changes - Demand in the retail market is expected to decrease mid-single digits for the remainder of 2024, while construction is anticipated to increase below mid-single digits [47] - The lumber market is expected to remain below normal levels as supply exceeds demand, impacting pricing and production [25] Company Strategy and Development Direction - The company is focusing on maximizing capacity utilization through strategic facility rationalization and reducing SG&A costs [4] - Plans to allocate $300 million in packaging and $250 million in the Deckorators brand for marketing and new product launches [22] - The company is prioritizing organic growth and greenfield opportunities over acquisitions due to high valuations in the current M&A environment [5] Management's Comments on Operating Environment and Future Outlook - Management anticipates a challenging second half of 2024 with continued competitive pressures and slack demand [4] - Long-term confidence remains strong, with a focus on innovation, new products, and automation to drive future growth [21] - The company expects to gain market share in each segment despite short-term challenges [47] Other Important Information - The company has a strong balance sheet with over $1 billion in surplus cash and total liquidity of $2.3 billion [80] - A quarterly dividend of $0.33 per share was approved, representing a 10% increase from the previous year [80] Q&A Session Summary Question: What are the opportunities for market share gains in other markets? - Management highlighted geographic expansion in Site Built and customer acquisition in Packaging as key areas for market share growth [32] Question: Are there expected changes in retail positioning for Deckorators? - Management indicated a significant shift in customer concentration is expected in 2025, with positive growth anticipated for Deckorators [34] Question: What is the outlook for competitive pricing pressures in retail and construction? - Management noted that pricing adjustments are ongoing, with competitive pressures being manageable at this stage [52] Question: How are new products performing in terms of margins? - New products are meeting higher margin targets, contributing positively to overall growth and EBITDA margins [67] Question: What is the timeline for the planned investments? - Investments are expected to be deployed over the next 24 months, with a focus on achieving historical returns [55][56]

Adjusted EBITDA margin fell 420 bps from the prior year to 9.9%. The company remains focused on its long-term expansion plans and improvement strategies amid a weaker environment and near-term softness in demand. These efforts are investments in automation and consolidating operations to eliminate redundancies, as well as reduce costs and enhance the profitability of its facilities. UFP Industries reported earnings per share (EPS) of $2.05, which topped the consensus mark of $2.00 by 2.5% but declined 13.1% ...

This quarterly report represents an earnings surprise of 2.50%. A quarter ago, it was expected that this wood and materials provider for the construction industry would post earnings of $1.62 per share when it actually produced earnings of $1.96, delivering a surprise of 20.99%. UFP Industries shares have added about 1.2% since the beginning of the year versus the S&P 500's gain of 14.5%. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revision ...

UFP Industries, Inc. Page 1 ● Adjusted EBITDA1 of $204 million represents a decrease of 13 percent while adjusted EBITDA 1 Represents a non-GAAP measurement; see the reconciliation of non-GAAP financial measures and related explanations below. Capital Allocation - Acquisitions and Organic Growth. The company continues to pursue strategic acquisitions and will invest in organic growth opportunities when acquisition targets are not available at valuations that will allow us to meet or exceed targeted return r ...

Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today. Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipu ...

Dick Gauthier - VP, IR Matt Missad - CEO Mike Cole - CFO Operator Company Participants Ketan Mamtora - BMO Capital Markets Stephan Guillaume - Sidoti Reuben Garner - Benchmark Kurt Yinger - D.A. Davidson Good day and welcome to the Q1 2024 UFP Industries, Inc. Earnings Conference Call and Webcast. At this time, all participants are in a listen-only-mode. [Operator Instructions] Please be advised that today's conference is being recorded. UFP Industries, Inc. (NASDAQ:UFPI) Q1 2024 Earnings Conference Call Ap ...

UFP Industries, Inc. Page 1 Exhibit 99(a) News release ---------------AT THE COMPANY--------------- Dick Gauthier VP of Investor Relations (616) 365-1555 FOR IMMEDIATE RELEASE Tuesday, April 30, 2024 UFP Industries Announces First Quarter Results GRAND RAPIDS, Mich., Tuesday, April 30, 2024 – 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 30, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period of ____ to _____. Commission File No.: 0-22684 UFP INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Michigan 38-1465835 (State or other jurisdiction of i ...

UFP Industries, Inc. (NASDAQ:UFPI) Q4 2023 Earnings Conference Call February 20, 2024 9:00 AM ET Company Participants Dick Gauthier - VP, IR Matt Missad - CEO Mike Cole - CFO Conference Call Participants Ketan Mamtora - BMO Capital Markets Kurt Yinger - D.A. Davidson Stanley Elliott - Stifel Jay McCanless - Wedbush Securities Operator Good day, and welcome to the Q4 2023 UFP Industries Inc. Earnings Conference Call and Webcast. After the speaker presentation, there will be a question-and-answer session. [Op ...