UFP Industries (NASDAQ:UFPI) Second Quarter 2024 Results
Key Financial Results
- 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.
- EPS: US$2.05 (down from US$2.40 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
UFP Industries Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%.
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Building industry in the US.
Performance of the American Building industry.
The company's shares are down 5.3% from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with UFP Industries.
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About NasdaqGS:UFPI
UFP Industries
Through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia.
Flawless balance sheet average dividend payer.
