Announcement • Jun 01
UFP Industries, Inc. (NasdaqGS:UFPI) announces an Equity Buyback for $300 million worth of its shares. UFP Industries, Inc. announces an share repurchase program. Under the program, the company will repurchase up to $300 million worth of its shares. The repurchase program is valid till April 30, 2027. New Risk • May 28
New major risk - Revenue and earnings growth Earnings have declined by 9.4% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Declared Dividend • May 20
First quarter dividend of US$0.36 announced Shareholders will receive a dividend of US$0.36. Ex-date: 1st June 2026 Payment date: 15th June 2026 Dividend yield will be 1.9%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.0% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 06
UFP Industries, Inc. (NasdaqGS:UFPI) acquired Operating Assets of John Rock, Inc. for approximately $48 million. UFP Industries, Inc. (NasdaqGS:UFPI) acquired Operating Assets of John Rock, Inc. for approximately $48 million on May 4, 2026. A cash consideration of $48 million will be paid by UFP Industries, Inc. As part of consideration, $48 million is paid towards assets of Operating Assets of John Rock, Inc. UFP Industries is purchasing three of the four operating locations.
The acquisition of the three locations adds an increase in annual sales and brings nearly 250 employees into the UFP family.
UFP Industries, Inc. (NasdaqGS:UFPI) completed the acquisition of Operating Assets of John Rock, Inc. on May 4, 2026. Announcement • Apr 23
UFP Industries, Inc. and UFP Construction Announces Executive Changes, Effective July 1, 2026 UFP Industries, Inc. announced that as UFP Industries accelerates its acquisition strategy, President and CEO Will Schwartz announced the creation of a new executive role designed to maximize the value of newly acquired businesses and strengthen the performance of existing operations across the enterprise. The newly created position of Executive Vice President of Operations Integration will be filled by current UFP Construction President Patrick Benton, effective July 1. Throughout his 33- year career at UFP Industries, Benton has firmly established himself as an expert operator with rich experience in all three of UFP Industries' core segments. Benton joined UFP Industries in 1993 as a production trainee in Saginaw, Texas. He held positions of increasing responsibility, eventually becoming Vice President of Operations (South Texas) in 2008. He was subsequently named Executive Vice President of UFP Eastern Division-North in 2014 and president of the Northern Division in 2017. In 2019, as part of UFP Industries' reorganization to focus on end-markets, he was named president of UFP Construction. He is a native of Texas and currently resides in Charlotte, N.C. with his wife. They have 3 adult children. Schwartz also named current UFP Site Built Executive Vice President Mike Ellerbrook to the position of President of UFP Construction, also effective July 1. Ellerbrook began his career with UFP Industries just before his 19th birthday at UFP's Belchertown location. He ascended the leadership ranks by serving in both sales and operations roles, advancing through roles of increasing responsibility, until being named Vice President of the Northeast Region in 2014 and subsequently Executive Vice President of UFP Site Built in 2020. In that role he has brought alternative materials, such as steel and aluminum, to the business unit's traditional wood component operations. Most recently he oversaw the launch of Frame Forward Systems, Site Built's concept-to-construction prefabricated wood brand. He holds a business degree from the University of Southern Maine. Ellerbrook is a Boston native where he resides with his wife and 2 children. Announcement • Apr 09
UFP Industries, Inc. to Report Q1, 2026 Results on Apr 29, 2026 UFP Industries, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 29, 2026 Announcement • Mar 25
Ufp Packaging Debuts Slot-Lock and Clamp-Lock 100 Nail-Gun-Free Crate Line UFP Packaging debuted Slot-Lock and Clamp-Lock 100, two new industrial crate systems engineered for nail-gun-free assembly. The additions expand its pneumatic-free product portfolio alongside U-Loc 200, introduced in 2025. The new systems improve workplace safety and efficiency by eliminating the need for nail and staple guns, providing safer alternatives to traditional pneumatic construction. The new crates exceed safety standards without compromising strength or durability. Each system can be disassembled without damaging components, supporting reuse and reducing waste. Slot-Lock is a closed-style crate that uses CNC-routed interlocking panels and secures with strapping. It is suited for aerospace and defense components, medical technology equipment, and sensitive electronics. Clamp-Lock 100 is an open-style crate that uses patent-pending steel L-bracket fasteners designed for hand application during assembly. It is suited for commercial equipment, building materials, and infrastructure components. U-Loc 200 is an open-style crate featuring patented polyamide fasteners designed for hand application and removal. This system is ideal for automotive components as well as heavy machinery and equipment. UFP Packaging's in-house engineering and design teams provide customizable configurations of each system. Announcement • Mar 10
UFP Industries, Inc., Annual General Meeting, Apr 22, 2026 UFP Industries, Inc., Annual General Meeting, Apr 22, 2026. Location: 3310 eagle park dr ne, grand rapids,mi 49525, United States Announcement • Feb 17
UFP Industries, Inc. Features Innovative, Solutions-Focused Products at NAHB 2026 Builders Show UFP Industries, Inc. and its family of companies showcased a collection of new products and brands at the 2026 NAHB International Builders Show aimed at providing customers with innovative time- and cost- saving solutions and driving the construction industry forward. The company's premier retail brand, Deckorators®? (booth W2573), continues to redefine outdoor living spaces. The Deckorators booth at IBS featured both the Summit decking line-- manufactured with Deckorators' proprietary Surestone®? technology - and the brand's new Altitude decking line, built with a fire-resistant core and featuring a Class B flame-spread rating. Also featured is ProWood's new TrueFrame™? Joist, a kiln-dried after treatment (KDAT) framing solution designed for use in deck substructures. TrueFrame Joist is lighter than laminated veneer lumber (LVL) or steel and helps reduce cupping, twisting, and warping for cleaner cuts and greater stability. Edge (booth W2567), a leader in exterior trim and siding products, exhibited its mineral-based composite trim, Arris™?, introducing to the category the first product of its kind. Using proprietary Surestone®? technology,ris trim is light, durable and resists the cracking and separation common in other PVC or wood composite trim products over time. Finally, UFP Site Built launched Frame Forward Systems (booth: W7389), combining offsite precision with onsite execution- wall panels, floor cassettes, roof trusses and stairs, all built accurately and delivered on time. Frame Forward Systems provides a system approach that delivers speed, savings, safety and service at every step of a project- from design through delivery. Announcement • Feb 14
UFP Industries, Inc. Declares Quarterly Cash Dividend, Payable on March 16, 2026 UFP Industries, Inc. announced that its board of directors has declared a quarterly cash dividend of $0.36 per share of common stock, payable on March 16, 2026, to shareholders of record on March 2, 2026. Announcement • Jan 27
UFP Industries, Inc. to Report Q4, 2025 Results on Feb 23, 2026 UFP Industries, Inc. announced that they will report Q4, 2025 results After-Market on Feb 23, 2026 Announcement • Nov 13
Edge Announced That Evotrim™ Edge announced that EvoTrim™, its high-performance engineered wood trim, has been named a Good Housekeeping 2026 Home Reno Awards winner in the Exterior Enhancements category. Designed for durability even in challenging conditions, EvoTrim combines the versatility of real wood with advanced protection against rot, mold, and insects due to its treatment with 5 EPA-registered preservatives that penetrate to the center of each board. The product's long-term durability and smooth, paint-ready surface make it a standout choice for exterior applications in residential builds and remodels. Available in both smooth and resawn textures, EvoTrim is ideal for fascia, corner boards, window trim, and more. Its finger-jointed and edge-glued construction ensures dimensional stability, while a 40-year limited warranty offers peace of mind for homeowners and remodelers alike. Announcement • Oct 30
UFP Industries, Inc. Approves a Quarterly Cash Dividend, Payable on December 15, 2025 On October 23, 2025, the UFP Industries Board of Directors approved a quarterly cash dividend payment of $0.35 per share, which represents a 6% year over year increase. This dividend is payable on December 15, 2025, to shareholders of record on December 1, 2025. Announcement • Oct 16
UFP Industries, Inc. to Report Q3, 2025 Results on Oct 29, 2025 UFP Industries, Inc. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Announcement • Oct 14
ProWood ®? Launches Trueframe™? Joist: Precision Framing for Pros, Backed for Life ProWood announced the launch of TrueFrame™? Joist, the performance-driven deck framing solution engineered for professional builders who demand precision, stability, and efficiency on every job. Available in 2x8, 2x10, and 2x12 in lengths of 12, 14, 16, and 20 feet, TrueFrame Joists deliver optimal spans and consistent sizing for dependable framing that exceeds expectations. Under wet-use conditions (40 PSF live load + 10 PSF dead load, L/360), TrueFrame spans up to 20 7" for 2x12 at 12" OC, outperforming typical framing materials while reducing callbacks and jobsite headaches. TrueFrame Joists feature ProWood's new enhanced preservation treatment with proprietary additives, ensuring less checking, greater stability, and straighter boards. Treated to meet UC4A Ground Contact standards, TrueFrame delivers unmatched durability in substructure applications, while color infusion ensures lasting beauty for projects demanding visible framing. Each joist is factory-planed within 1/16" for flat edges and uniform sizing, ensuring a straight, stable installation that saves time, reduces waste, and delivers exceptional end results. Additionally, this new product is covered by ProWood's Limited Lifetime Warranty, providing builders and their clients with peace of mind and confidence in the framing that supports every deck, porch, or outdoor living space. The TrueFrame Joist is now available through ProWood dealers in the Denver Metro area and is coming to new markets throughout the Great Lakes and Northeastern regions in early 2026. Announcement • Jul 17
UFP Industries, Inc. to Report Q2, 2025 Results on Jul 28, 2025 UFP Industries, Inc. announced that they will report Q2, 2025 results After-Market on Jul 28, 2025 Announcement • Apr 29
UFP Industries Approves Quarterly Dividend, Payable on June 16, 2025 On April 23, 2025, the UFP Industries Board of Directors approved a quarterly dividend payment of $0.35 per share, a 6% increase over the quarterly dividend of $0.33 per share paid throughout 2024. The dividend is payable on June 16, 2025, to shareholders of record on June 2, 2025. Announcement • Apr 15
UFP Industries, Inc. to Report Q1, 2025 Results on Apr 28, 2025 UFP Industries, Inc. announced that they will report Q1, 2025 results at 4:00 PM, US Eastern Standard Time on Apr 28, 2025 Announcement • Mar 13
UFP Industries, Inc., Annual General Meeting, Apr 23, 2025 UFP Industries, Inc., Annual General Meeting, Apr 23, 2025. Location: 3310 eagle park dr ne, grand rapids, mi 49525, United States Announcement • Feb 18
UFP Industries Approves Quarterly Dividend, Payable on March 17, 2025 On February 13, 2025, the UFP Industries Board of Directors approved a quarterly dividend payment of $0.35 per share, a 6% increase over the quarterly dividend of $0.33 per share paid throughout 2024. The dividend is payable on March 17, 2025, to shareholders of record on March 3, 2025. Announcement • Feb 15
UFP Industries, Inc. Appoints William D. Schwartz as the President On February 13, 2025, the Board of Directors of UFP Industries, Inc. appointed William D. Schwartz as the President of the Company, effective December 29, 2024 (the beginning of fiscal 2025). As the Company disclosed in its Form 8-K filed August 27, 2024, Mr. Schwartz was previously appointed Chief Executive Officer (CEO) of the Company effective December 29, 2024. Announcement • Feb 06
UFP Industries, Inc. to Report Q4, 2024 Results on Feb 17, 2025 UFP Industries, Inc. announced that they will report Q4, 2024 results on Feb 17, 2025 Declared Dividend • Nov 04
Third quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 2nd December 2024 Payment date: 16th December 2024 Dividend yield will be 1.1%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 11% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 29
Third quarter 2024 earnings released: EPS: US$1.64 (vs US$2.14 in 3Q 2023) Third quarter 2024 results: EPS: US$1.64 (down from US$2.14 in 3Q 2023). Revenue: US$1.65b (down 9.8% from 3Q 2023). Net income: US$99.8m (down 22% from 3Q 2023). Profit margin: 6.1% (down from 7.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Oct 29
UFP Industries, Inc. Approves Quarterly Dividend, Payable on December 16, 2024 On October 23, 2024, the UFP Industries board of directors approved a quarterly dividend payment of $0.33 per share, a 10% increase over the quarterly dividend of $0.30 per share paid in December 2023. The dividend is payable on December 16, 2024, to shareholders of record on December 2, 2024. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 16 September 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.1%). Declared Dividend • Aug 05
Second quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 30th August 2024 Payment date: 16th September 2024 Dividend yield will be 1.1%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$2.05 (vs US$2.40 in 2Q 2023) Second quarter 2024 results: EPS: US$2.05 (down from US$2.40 in 2Q 2023). Revenue: US$1.90b (down 6.9% from 2Q 2023). Net income: US$125.9m (down 12% from 2Q 2023). Profit margin: 6.6% (down from 7.0% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Jul 30
UFP Industries, Inc. (NasdaqGS:UFPI) announces an Equity Buyback for $200 million worth of its shares. UFP Industries, Inc. announces an share repurchase program. Under the program, the company will repurchase up to $200 million worth of its shares. The repurchase program is valid till July 31, 2025. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €116, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Building industry in Europe. Total returns to shareholders of 98% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €68.20 per share. Announcement • Jul 17
UFP Industries, Inc. to Report Q2, 2024 Results on Jul 30, 2024 UFP Industries, Inc. announced that they will report Q2, 2024 results at 7:00 AM, Eastern Daylight on Jul 30, 2024 Recent Insider Transactions • Jun 16
President of UFP Construction LLC recently sold €1.3m worth of stock On the 13th of June, Patrick Benton sold around 12k shares on-market at roughly €107 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.8m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Upcoming Dividend • May 27
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 03 June 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.0%). Recent Insider Transactions • May 12
Independent Director recently sold €1.8m worth of stock On the 8th of May, Bruce Merino sold around 16k shares on-market at roughly €110 per share. This transaction amounted to 70% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.1m. Insiders have been net sellers, collectively disposing of €10m more than they bought in the last 12 months. Declared Dividend • May 06
First quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 3rd June 2024 Payment date: 17th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 7.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$1.96 (vs US$2.01 in 1Q 2023) First quarter 2024 results: EPS: US$1.96. Revenue: US$1.64b (down 10% from 1Q 2023). Net income: US$120.8m (flat on 1Q 2023). Profit margin: 7.4% (up from 6.6% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Building industry in Europe. Announcement • Apr 30
UFP Industries, Inc. Approves Quarterly Dividend, Payable on June 17, 2024 On April 24, 2024, the Board of Directors for UFP Industries, Inc. approved a quarterly dividend payment of $0.33 per share, a 32% increase over the quarterly dividend of $0.25 per share paid in June 2023. The dividend is payable on June 17, 2024, to shareholders of record on June 3, 2024. Buy Or Sell Opportunity • Apr 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.2% to €106. The fair value is estimated to be €133, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 3.9% per annum over the same time period. Announcement • Mar 15
UFP Industries, Inc., Annual General Meeting, Apr 24, 2024 UFP Industries, Inc., Annual General Meeting, Apr 24, 2024, at 08:30 Eastern Daylight. Location: 3310 Eagle Park Dr NE, Grand Rapids, MI 49525 Grand Rapids Michigan United States Agenda: To elect three directors for three-year terms expiring in 2027; to consider and vote upon a proposal to approve an Amendment to the Company’s Articles of Incorporation to authorize an additional 100,000,000 shares of Common Stock; to participate in an advisory vote to approve the compensation paid to Named Executives; to transact such other business as may properly come before the meeting or any adjournment thereof. Recent Insider Transactions • Mar 15
CEO & Chairman recently sold €3.1m worth of stock On the 13th of March, Matthew Missad sold around 30k shares on-market at roughly €104 per share. This transaction amounted to 7.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Matthew has been a net seller over the last 12 months, reducing personal holdings by €4.7m. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$8.21 (vs US$11.05 in FY 2022) Full year 2023 results: EPS: US$8.21 (down from US$11.05 in FY 2022). Revenue: US$7.22b (down 25% from FY 2022). Net income: US$514.3m (down 23% from FY 2022). Profit margin: 7.1% (up from 6.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 22
Upcoming dividend of US$0.33 per share Eligible shareholders must have bought the stock before 29 February 2024. Payment date: 15 March 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (5.4%). Declared Dividend • Feb 08
Third quarter dividend of US$0.33 announced Shareholders will receive a dividend of US$0.33. Ex-date: 29th February 2024 Payment date: 15th March 2024 Dividend yield will be 1.0%, which is lower than the industry average of 5.0%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 1.5% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 06
UFP Industries Announces Quarterly Dividend, Payable on March 15, 2024 UFP Industries, Inc. announced that on February 1, 2024, the Board of Directors of UFP Industries, Inc. approved a quarterly dividend payment of $0.33 per share, a 10% increase over the quarterly dividend of $0.30 per share paid in December 2023. The dividend is payable on March 15, 2024, to shareholders of record on March 1, 2024. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.30 per share at 1.1% yield Eligible shareholders must have bought the stock before 30 November 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.9%). Recent Insider Transactions • Nov 16
Independent Director recently sold €2.1m worth of stock On the 15th of November, William Currie sold around 20k shares on-market at roughly €104 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Announcement • Nov 01
UFP Industries, Inc. Approves Quarterly Dividend, Payable on December 15, 2023 On October 24, 2023, the Board of Directors for UFP Industries, Inc. approved a quarterly dividend payment of $0.30 per share. The dividend is payable on December 15, 2023, to shareholders of record on December 1, 2023. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$2.14 (vs US$2.68 in 3Q 2022) Third quarter 2023 results: EPS: US$2.14 (down from US$2.68 in 3Q 2022). Revenue: US$1.83b (down 21% from 3Q 2022). Net income: US$134.0m (down 16% from 3Q 2022). Profit margin: 7.3% (up from 6.9% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year. Announcement • Oct 18
UFP Industries, Inc. to Report Q3, 2023 Results on Oct 31, 2023 UFP Industries, Inc. announced that they will report Q3, 2023 results at 8:00 AM, US Eastern Standard Time on Oct 31, 2023 Upcoming Dividend • Aug 24
Upcoming dividend of US$0.30 per share at 1.2% yield Eligible shareholders must have bought the stock before 31 August 2023. Payment date: 15 September 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.6%). Recent Insider Transactions • Aug 23
Independent Director recently sold €835k worth of stock On the 22nd of August, Mary E. Kuras sold around 9k shares on-market at roughly €92.80 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.2m more than they bought in the last 12 months. New Risk • Aug 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (€1.5m sold). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$2.40 (vs US$3.24 in 2Q 2022) Second quarter 2023 results: EPS: US$2.40 (down from US$3.24 in 2Q 2022). Revenue: US$2.04b (down 30% from 2Q 2022). Net income: US$150.8m (down 23% from 2Q 2022). Profit margin: 7.4% (up from 6.7% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
UFP Industries, Inc. Approves Quarterly Dividend, Payable on September 15, 2023 On July 26, 2023, the Board of Directors for UFP Industries approved a quarterly dividend payment of $0.30 per share, a 20% increase over the dividend paid in the first quarter of 2023. The dividend is payable on September 15, 2023, to shareholders of record on September 1, 2023. Recent Insider Transactions • Jun 20
Independent Director recently sold €651k worth of stock On the 14th of June, Bruce Merino sold around 8k shares on-market at roughly €81.43 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Recent Insider Transactions • Jun 09
CEO & Chairman recently sold €367k worth of stock On the 6th of June, Matthew Missad sold around 5k shares on-market at roughly €81.49 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €744k. Matthew has been a net seller over the last 12 months, reducing personal holdings by €2.7m. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €83.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Building industry in Europe. Total returns to shareholders of 109% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €99.86 per share. Upcoming Dividend • May 24
Upcoming dividend of US$0.25 per share at 1.2% yield Eligible shareholders must have bought the stock before 31 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 10.0% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.0%). Buying Opportunity • May 22
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 5.7%. The fair value is estimated to be €96.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to decline by 9.4% in a year. Earnings is forecast to decline by 13% in the next year. Recent Insider Transactions • May 21
CEO & Chairman recently sold €386k worth of stock On the 17th of May, Matthew Missad sold around 5k shares on-market at roughly €77.22 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.7m. Matthew has been a net seller over the last 12 months, reducing personal holdings by €2.3m. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$2.01 (vs US$3.01 in 1Q 2022) First quarter 2023 results: EPS: US$2.01 (down from US$3.01 in 1Q 2022). Revenue: US$1.82b (down 27% from 1Q 2022). Net income: US$126.1m (down 31% from 1Q 2022). Profit margin: 6.9% (down from 7.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Building industry in Europe. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 25
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be €91.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 49%. Revenue is forecast to decline by 13% in 2 years. Earnings is forecast to decline by 21% in the next 2 years. Recent Insider Transactions • Mar 22
CEO & Chairman recently sold €744k worth of stock On the 16th of March, Matthew Missad sold around 10k shares on-market at roughly €74.45 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.7m. Matthew has been a net seller over the last 12 months, reducing personal holdings by €1.9m. Buying Opportunity • Mar 21
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be €92.09, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 49%. Revenue is forecast to decline by 13% in 2 years. Earnings is forecast to decline by 21% in the next 2 years. Recent Insider Transactions • Mar 15
President of UFP Construction LLC recently sold €1.0m worth of stock On the 7th of March, Patrick Benton sold around 13k shares on-market at roughly €78.99 per share. This transaction amounted to 7.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.7m. Insiders have been net sellers, collectively disposing of €13m more than they bought in the last 12 months. Recent Insider Transactions • Mar 09
Independent Director recently sold €3.7m worth of stock On the 1st of March, William Currie sold around 47k shares on-market at roughly €79.74 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €14m more than they bought in the last 12 months. Recent Insider Transactions • Mar 01
CFO & Treasurer recently sold €372k worth of stock On the 24th of February, Michael Cole sold around 5k shares on-market at roughly €80.94 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €968k. Reported Earnings • Feb 23
Full year 2022 earnings released: EPS: US$11.05 (vs US$8.61 in FY 2021) Full year 2022 results: EPS: US$11.05 (up from US$8.61 in FY 2021). Revenue: US$9.63b (up 12% from FY 2021). Net income: US$692.7m (up 34% from FY 2021). Profit margin: 7.2% (up from 6.0% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 5.2% p.a. on average during the next 2 years, while revenues in the Building industry in Europe are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 21
Upcoming dividend of US$0.25 per share at 1.2% yield Eligible shareholders must have bought the stock before 28 February 2023. Payment date: 15 March 2023. Payout ratio is a comfortable 8.1% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.0%). Announcement • Feb 08
UFP Industries, Inc. Announces Quarterly Dividend, Payable on March 15, 2023 On February 3, 2023, the Board of Directors of UFP Industries, Inc. approved a quarterly dividend payment of $0.25 per share, a 25% increase over the quarterly dividend of $0.20 per share paid in March 2022. The dividend is payable on March 15, 2023, to shareholders of record on March 1, 2023. Announcement • Feb 04
UFP Industries, Inc. Announces Executive Changes UFP Industries, Inc. announced that CEO Matthew J. Missad also has been named chairman of the board. The move, approved by the board of directors at their February 2, 2023, meeting and effective immediately, is part of a comprehensive succession plan that calls for both change and continuity: Board Chairman William G. Currie will remain as a director through the end of his term. He then will step down after 52 years with the company. Missad will remain with the Company at least through 2027, as other elements of the succession plan are put in place. Missad started with UFP Industries in 1978 (when it was The Universal Companies) as a high school student working part time on the maintenance crew and putting himself through college and law school. He joined the Company full time in 1985 as manager of legal compliance. Over the years, he held several successive positions, including executive vice president, general counsel, and secretary of the board. In 2011, he became the fifth CEO in the Company's 68-year-history. Buying Opportunity • Dec 17
Now 21% undervalued Over the last 90 days, the stock is up 3.4%. The fair value is estimated to be €94.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to decline by 2.6% in 2 years. Earnings is forecast to decline by 13% in the next 2 years. Upcoming Dividend • Nov 23
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 30 November 2022. Payment date: 15 December 2022. Payout ratio is a comfortable 8.1% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.2%). Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Ben McLean was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 22
Third quarter 2022 earnings released: EPS: US$2.68 (vs US$1.94 in 3Q 2021) Third quarter 2022 results: EPS: US$2.68 (up from US$1.94 in 3Q 2021). Revenue: US$2.32b (up 11% from 3Q 2021). Net income: US$167.2m (up 43% from 3Q 2021). Profit margin: 7.2% (up from 5.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Building industry in Europe are expected to grow by 6.0%. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Oct 21
UFP Industries, Inc. Approves Quarterly Dividend, Payable on December 15, 2022 On October 19, 2022, the Board of UFP Industries, Inc. approved a quarterly dividend payment of $0.25 per share, payable on December 15, 2022, to shareholders of record on December 1, 2022. This dividend is 67% higher than the dividend of $0.15 per share paid on December 15, 2021. Announcement • Sep 28
UFP Industries, Inc. Names Will Schwartz President of UFP Retail Solutions, effective January 1, 2023 UFP Industries announced that Will Schwartz has been named president of UFP Retail Solutions, LLC, effective January 1, 2023. UFP Retail Solutions is an approximately $4 billion segment of UFP Industries that specializes in yard and home products, including brands such as ProWood pressure-treated lumber; Deckorators decking and accessories; UFP-Edge siding, pattern and trim; and Outdoor Essentials fencing and lawn and garden products. Will replaces Allen Peters, who is moving into the newly created role of executive vice president of innovation. From humble beginnings, Will began as a trainee fresh out of college and has built an impressive career at UFP Industries by taking on more skills and responsibilities. During the past few years, he worked closely with Allen Peters and the retail team, effectively managing supply chain through the pandemic. He has proven to be a very effective, creative leader, and I am confident he will tackle his new responsibilities with the enthusiasm and commitment to excellence he has demonstrated throughout his career. He is a past member of UFPs CEO Club, which recognizes the company's top salespeople. He also has served as general manager of operations for several UFP plants. Will became an operations vice president in 2014, executive vice president of purchasing in 2020, and executive vice president of operations services earlier in 2022. Announcement • Sep 07
UFP Industries, Inc. Announces the Appointment of Allen Peters to Executive Vice President of Innovation, Effective January 1, 2023 UFP Industries, Inc. announced the appointment of Allen Peters to executive vice president of innovation, effective January 1, 2023. Allen’s new duties will include leading UFP’s Innovation Accelerator and Innov8 Fund teams. He will also use his unique experience as president of UFP Retail Solutions to drive the ambitious new products and technology push necessary for rapid iterative changes through the organization. As part of his new responsibilities, Allen will continue to collaborate on key strategies in the E-commerce/distribution/fulfillment spaces. The search for a new president of UFP Retail Solutions is underway, with the successor expected to be named by the end of September. To ensure a smooth transition for UFP Retail Solutions, Allen will continue in his current role while working closely with his replacement until the end of 2022. Upcoming Dividend • Aug 24
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 31 August 2022. Payment date: 15 September 2022. Payout ratio is a comfortable 7.7% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 17% share price gain to €85.16, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Building industry in Europe. Total returns to shareholders of 142% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €125 per share. Recent Insider Transactions • Jul 27
CFO & Treasurer recently sold €294k worth of stock On the 25th of July, Michael Cole sold around 4k shares on-market at roughly €82.82 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Michael has been a seller over the last 12 months, reducing personal holdings by €911k. Reported Earnings • Jul 23
Second quarter 2022 earnings released: EPS: US$3.24 (vs US$2.79 in 2Q 2021) Second quarter 2022 results: EPS: US$3.24 (up from US$2.79 in 2Q 2021). Revenue: US$2.90b (up 7.4% from 2Q 2021). Net income: US$203.1m (up 21% from 2Q 2021). Profit margin: 7.0% (up from 6.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.1% compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Jul 22
UFP Industries, Inc. Approves Quarterly Dividend, Payable om September 15, 2022 UFP Industries, Inc. approved a quarterly dividend payment of $0.25 per share, payable on September 15, 2022, to shareholders of record on September 1, 2022. This dividend is 67% higher than the dividend of $0.15 per share paid on September 15, 2021. Announcement • Jul 13
UFP Industries, Inc. to Report Q2, 2022 Results on Jul 21, 2022 UFP Industries, Inc. announced that they will report Q2, 2022 results at 4:05 PM, US Eastern Standard Time on Jul 21, 2022 Recent Insider Transactions • Jun 08
President of UFP Construction LLC recently sold €1.2m worth of stock On the 2nd of June, Patrick Benton sold around 17k shares on-market at roughly €73.65 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €8.9m more than they bought in the last 12 months. Upcoming Dividend • May 24
Upcoming dividend of US$0.25 per share Eligible shareholders must have bought the stock before 31 May 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 7.0% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (3.0%). Recent Insider Transactions • May 20
President of UFP Construction LLC recently sold €600k worth of stock On the 17th of May, Patrick Benton sold around 8k shares on-market at roughly €75.97 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Insiders have been net sellers, collectively disposing of €7.7m more than they bought in the last 12 months. Recent Insider Transactions • Apr 28
Insider recently sold €847k worth of stock On the 26th of April, Allen Peters sold around 11k shares on-market at roughly €75.54 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Insiders have been net sellers, collectively disposing of €7.8m more than they bought in the last 12 months. Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Ben McLean was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 26
UFP Industries, Inc. Plans Retirement of President and COO Pat Webster at the End of 2022 UFP Industries, Inc. announced that President and COO Pat Webster will retire at the end of 2022 after a remarkable career spanning nearly four decades at the company. Over the next several months, Pat’s duties will be transferred to existing or new members of the leadership team as part of the company’s 2020 reorganization plan. Reported Earnings • Apr 23
First quarter 2022 earnings released: EPS: US$3.01 (vs US$1.67 in 1Q 2021) First quarter 2022 results: EPS: US$3.01 (up from US$1.67 in 1Q 2021). Revenue: US$2.49b (up 36% from 1Q 2021). Net income: US$189.7m (up 89% from 1Q 2021). Profit margin: 7.6% (up from 5.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 6.0% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Apr 22
Ufp Industries, Inc. Approves Increase in Its Quarterly Dividend, Payable on June 15, 2021 UFP Industries, Inc. announced that the Board approved an increase in its quarterly dividend payment to $0.25 per share, an increase of 25% over the dividend paid on March 15, 2022, and 67% higher than the dividend paid on June 15, 2021. The dividend is payable on June 15, 2022, to shareholders of record on June 1, 2022. Announcement • Apr 08
UFP Industries, Inc. to Report Q1, 2022 Results on Apr 21, 2022 UFP Industries, Inc. announced that they will report Q1, 2022 results After-Market on Apr 21, 2022 Recent Insider Transactions • Mar 15
President & COO recently sold €1.2m worth of stock On the 11th of March, Patrick Webster sold around 16k shares on-market at roughly €77.97 per share. This was the largest sale by an insider in the last 3 months. Patrick has been a seller over the last 12 months, reducing personal holdings by €1.4m. Recent Insider Transactions • Mar 06
CFO & Treasurer recently sold €617k worth of stock On the 25th of February, Michael Cole sold around 8k shares on-market at roughly €75.22 per share. This was the largest sale by an insider in the last 3 months. Michael has been a seller over the last 12 months, reducing personal holdings by €1.1m. 
