UFP Industries, Inc. - Common Stock (UFPI)

UFP Packaging, a subsidiary of UFP Industries (Nasdaq: UFPI), expanded its U.S. manufacturing footprint by opening a new 165,000-square-foot corrugated facility in Jeffersonville, Ind., that will continue to undergo advancement and expansion throughout 2025. The latest expansion features advanced graphics and production capabilities for retail and e-commerce markets.

UFP Industries, Inc. (Nasdaq: UFPI) today announced fourth quarter 2024 results including net sales of $1.46 billion, net earnings attributable to controlling interest of $68.0 million, and earnings per diluted share of $1.12. The company also announced net sales of $6.7 billion and earnings per diluted share of $6.77 for fiscal 2024. These results include the impact of impairment charges and severances of approximately $0.11 per diluted share (net of income taxes) associated with ongoing actions to reduce capacity and personnel costs due to lower overall market demand, and a gain on the sale of real estate of approximately $.03 per diluted share (net of income taxes).

UFP Industries (Nasdaq: UFPI) marks 70 years in business on February 9, never failing to turn a profit in each of them. Founded in 1955, its leaders say the keys to success in all these years are its ability to recruit and retain high-achieving employees, its down-to-earth company culture and its unique incentive system that aligns employee interests with shareholders.

UFP Industries (Nasdaq: UFPI) will announce fourth quarter 2024 results on Monday, February 17, 2025. The company will host a conference call to discuss these results on Tuesday, February 18, 2025, at 9 a.m. Eastern Time.

UFP Industries (Nasdaq: UFPI) today announced that its affiliate, UFP Packaging, LLC, has acquired the assets of C&L Wood Products, Inc. (C&L), a manufacturer of pallets and mulch based in Hartselle, Alabama. The company had trailing 12-month sales through November 2024 of $24.8 million. C&L will operate as part of UFP Packaging’s PalletOne business unit, a top manufacturer of machine-built pallets in the U.S.

UFP Packaging announced the opening of its 10,000-square-foot Packaging Design and Development Center (DDC) at its Newnan, Ga., facility.

ProWood, a leader in treated wood products known for safety and durability, is proud to announce a new partnership with Dixieply, an employee-owned distributor with a history of delivering building solutions since 1944. Through this partnership, Dixieply will now offer ProWood FR Fire Retardant Treated (FRT) wood across its network of locations in Tennessee, Georgia, North Carolina, and Florida, making ProWood’s trusted fire-retardant products more accessible to builders and contractors in key markets.

UFP Industries (Nasdaq: UFPI) today announced that management will participate in the 54th annual Global Industrial Conference hosted by Baird at the Ritz-Carlton in Chicago on November 12-14, 2024.

UFP Industries, Inc. (Nasdaq: UFPI) today announced third quarter 2024 results including net sales of $1.65 billion, net earnings attributable to controlling interest of $100 million, and earnings per diluted share of $1.64.

UFP Industries, Inc. (Nasdaq: UFPI) today announced that Landon Tarvin has been selected to replace Will Schwartz as president of UFP Retail Solutions, effective December 29, 2024. UFP Retail Solutions is a business segment of UFP Industries that produces ProWood pressure-treated lumber, Deckorators composite decking and accessories, UFP-Edge siding and trim products, and Outdoor Essentials fence and garden products. Landon currently serves as vice president of Deckorators.

UFP Industries, Inc. (Nasdaq: UFPI) today announced that Stanley Elliott has joined the company as director of investor relations. Stanley will begin assuming the IR duties currently overseen by Dick Gauthier, who will retire at the end of 2024 after 40 years with the company.

After more than 13 years of transformational leadership and as part of a planned succession strategy, UFP Industries Chairman and CEO Matthew J. Missad announced he will take on a new role to prepare the next generation of leadership and usher in a new era of growth for the company. On December 29, 2024, the start of the new fiscal year, Missad will become executive chairman and William “Will” Schwartz, current president of the company’s retail business unit, will become the Chief Executive Officer. Chief Financial Officer Michael Cole will add the title of President of Corporate Services to his current duties to further strengthen the management team.

UFP Industries, Inc. (Nasdaq: UFPI) today announced second quarter 2024 results including net sales of $1.9 billion, net earnings attributable to controlling interest of $126 million, and earnings per diluted share of $2.05.

UFP Industries, Inc. (Nasdaq: UFPI) has been named to the FORTUNE 500 list of the largest U.S. companies based on revenue for the third consecutive year.

UFP Industries (Nasdaq: UFPI) today announced that management will participate in the Stifel Cross Sector Insight Conference at the InterContinental Boston in Boston, Massachusetts, on June 4-5, 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 $1.96.

UFP Packaging, an affiliate of UFP Industries (NASDAQUFPI), has expanded its presence in Warrens, Wisconsin. The company cut the ribbon on a new 11,840 sq.-ft. production facility and 2,400 sq.-ft. employee breakroom on February 21, 2024. The new production facility will produce a variety of wood packaging and allow the company to add up to 12 new positions. The addition brings the facility’s total manufacturing space to approximately 40,000 sq. ft.

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. The company also announced net sales of $7.2 billion and earnings per diluted share of $8.07 for fiscal 2023. Fiscal 2023 results reflect the impact of one less week compared to fiscal 2022.

On February 1, 2024, the Board of Directors of UFP Industries, Inc. (Nasdaq: UFPI) approved a quarterly dividend payment of $0.33 per share, a 10 percent increase over the quarterly dividend of $0.30 per share paid in December 2023 and a 32 percent increase over the quarterly dividend of $0.25 per share paid in March 2023. The dividend is payable on March 15, 2024, to shareholders of record on March 1, 2024. This will mark the twelfth consecutive year in which UFP’s dividend has increased.

Three affiliates of UFP Industries (Nasdaq: UFPI) will display a wide range of new and innovative products at the 2024 NAHB International Builders' Show (IBS) in Las Vegas from February 27-29, 2024. Their combined efforts will mark the company’s largest presence at the world’s biggest residential construction trade show.

UFP Global Holdings Ltd., a subsidiary of UFP Industries, Inc. (Nasdaq: UFPI), announced today that it has acquired the remaining ownership interests in each of two affiliates in Mexico: NORPAL S. de R.L. de C.V. and TIBASA Universal Forest Products S. de R.L. de C.V.

TimberBase, an affiliate of UFP Industries, Inc. (Nasdaq: UFPI), today announced the launch of TimberBase.com, a B2B digital platform for buying and selling lumber and building materials. Purchased from German tech start-up Timber Base GmbH in February 2023, the platform has been upgraded with a more intuitive interface, supported by UFP’s team of international industry experts, to simplify the buying and selling process for customers and suppliers around the world.

ProWood®, the nation’s leader in pressure-treated wood products, has announced its ProWood FR fire-retardant plywood complies with the 2021 International Building Code and International Residential Code, becoming the first pressure-treated, fire-retardant panel to do so.

UFP Industries, Inc. (Nasdaq: UFPI) today announced third quarter 2023 results including net sales of $1.8 billion, net earnings attributable to controlling interests of $134 million, and earnings per diluted share of $2.10.

UFP Global Holdings Ltd., a subsidiary of UFP Industries, Inc. (Nasdaq: UFPI), has acquired 80 percent of the equity in a newly formed company, UFP Palets y Embalajes SL, for approximately $52 million USD. UFP Palets is comprised of the former pallet manufacturing operations of Palets Suller SL, Serrería y Palets Chiva SL and Drevex Castellón SL, collectively known as Palets Suller Group. The company had trailing 12-month sales of approximately $38 million USD through August 2023.