Accessibility Statement Skip Navigation
  • Resources
  • Investor Relations
  • Journalists
  • Agencies
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • English-only
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business & Money
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

      • In-Language News

      • Arabic
      • español
      • português
      • Česko
      • Danmark
      • Deutschland
      • España
      • France
      • Italia
      • Nederland
      • Norge
      • Polska
      • Portugal
      • Россия
      • Slovensko
      • Suomi
      • Sverige
  • Explore Our Platform
  • Plan Campaigns
  • Create with AI
  • Distribute Press Releases
  • Report Results
  • Amplify Content
  • All Products
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Hamburger menu
  • PR Newswire: news distribution, targeting and monitoring
  • Send a Release
    • ALL CONTACT INFO
    • Contact Us

      888-776-0942
      from 8 AM - 10 PM ET

  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • Explore Our Platform
  • Plan Campaigns
  • Create with AI
  • Distribute Press Releases
  • Report Results
  • Amplify Content
  • All Products
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Send a Release
  • Client Login
  • Resources
  • Blog
  • Journalists
  • RSS

UFP Industries Announces First Quarter 2026 Results

UFP Industries, Inc. (PRNewsfoto/UFP Industries, Inc.)

News provided by

UFP Industries, Inc.

Apr 29, 2026, 16:05 ET

Share this article

Share toX

Share this article

Share toX

GRAND RAPIDS, Mich., April 29, 2026 /PRNewswire/ -- UFP Industries, Inc. (Nasdaq: UFPI) a leading manufacturer focused on delivering value-added products across its Retail, Packaging, and Construction segments reported results for the first quarter 2026.

  • Net Sales of $1.46 billion decreased by 8 percent compared to $1.6 billion a year ago due to a 1 percent decrease in price and a 7 percent decline in organic units.
  • Diluted earnings per share of $0.89 compared to $1.30 a year ago, and Net Earnings Attributable to Controlling Interests of $51 million compared to $79 million a year ago. Earnings were primarily impacted by a weaker residential construction market, adverse weather, and higher healthcare and fuel costs.
  • Adjusted EBITDA1 was $111.4 million in the quarter, or 7.6 percent of net sales compared to 8.9 percent a year ago.
  • New product sales were 7.8 percent of total net sales.
  • Cash flows used in operating activities in 2026 was $104 million. Free cash flow1 of $87 million was used to repurchase nearly $30 million of our shares.

Will Schwartz, President and CEO of UFP Industries, commented, "After seeing stabilization earlier in the quarter, geopolitical tensions, unfavorable weather, and rising input costs added volatility to our operations in March, which accounted for more than half of the year-over-year decline in profits in the quarter. While we believe these headwinds will be temporary, we are actively working to offset these higher costs, particularly transportation. Despite the current backdrop, we have made considerable progress managing the things under our control and executing our strategies to position the business for long-term success. We are on track to deliver the remaining $25 million or more from our initial $60 million cost out program by year end. At the same time, we have continued to invest through the cycle. By combining greenfield expansion with disciplined M&A, we are strengthening our core businesses, introducing innovative products, and structurally lowering our cost base.  I'm incredibly proud of our team for their continued hard work. Our scale, diversified portfolio, and deep customer relationships have consistently positioned us well during periods like these and we continue to strengthen our position to drive above market growth and returns when markets recover."

Schwartz continued, "We have maintained a patient and disciplined approach to deploying capital this cycle while staying focused on finding the best and highest returns for our capital. This remains central to how we operate. After the quarter closed, we completed one transaction that strengthens our core businesses and supports our strategy to expand our footprint and drive higher-margin growth, and we expect to close an additional transaction in May. Our M&A pipeline remains active, and we continue to pursue strategic targets and organic investments, while opportunistically returning cash to our shareholders given our robust financial position. Following $56 million in a recent acquisition, $30 million in share repurchases, and a 3% dividend increase, we continue to maintain ample liquidity and financial flexibility. We are confident in our diversified business model and balanced capital allocation approach, which we believe puts us in a strong position to continue to drive shareholder value."

1

Represents a non-GAAP measurement; see the reconciliation of non-GAAP financial measures and related explanations below.

First Quarter 2026 Highlights

UFP Consolidated











(In thousands)


Quarter Period and Year to Date



2026


2025


% Change

Net sales


$

1,461,267


$

1,595,519


(8.4)

%

Net earnings



51,097



79,423


(35.7)


Net margin



3.5

%


5.0

%



Adjusted EBITDA



111,356



142,151


(21.7)


Adjusted EBITDA margin



7.6

%


8.9

%













Percentage change in net sales:










Organic units



(7)

%






Acquisitions



—







Selling prices



(1)







UFP Retail











(In thousands)


Quarter Period and Year to Date



2026


2025


% Change

Net sales


$

531,176


$

607,383


(12.5)

%

Net earnings



18,672



20,663


(9.6)


Net margin



3.5

%


3.4

%



Adjusted EBITDA



34,832



35,849


(2.8)


Adjusted EBITDA margin



6.6

%


5.9

%













Percentage change in net sales:










Organic units



(13)

%






Acquisitions



—







Selling prices



1







  • ProWood organic unit sales declined 15 percent in the quarter from year ago levels due to unfavorable winter weather, the absence of storm-related demand which carried over from the fall of 2024 into early 2025, the loss of low margin commodity sales which commenced in the second quarter of 2025, and generally weaker consumer sentiment. 
  • Deckorators' organic unit sales grew 2 percent in the quarter from year ago levels. Our Surestone decking sales increased 27 percent and our traditional wood plastic composite decking increased 4 percent, both from the same quarter a year ago.
  • UFP Edge organic unit sales declined 20 percent due to the closure of the Bonner facilities at the end of 2025 and rationalizing the product portfolio to those that can achieve profitability targets.

UFP Packaging











(In thousands)


Quarter Period and Year to Date



2026


2025


% Change

Net sales


$

394,093


$

410,008


(3.9)

%

Net earnings



11,659



16,917


(31.1)


Net margin



3.0

%


4.1

%



Adjusted EBITDA



27,790



35,045


(20.7)


Adjusted EBITDA margin



7.1

%


8.5

%













Percentage change in net sales:










Organic units



(3)

%






Acquisitions



1







Selling prices



(2)







  • Structural Packaging organic unit sales were flat in the quarter compared to year ago levels.
  • PalletOne organic unit sales declined 11 percent in the quarter from year ago levels due to weaker demand, which was partially offset by a 4 percent contribution from acquisitions.
  • Protective Packaging organic unit sales increased 5 percent in the quarter from a year ago levels as a result of the Jeffersonville, Indiana facility, which became fully operational in the third quarter of 2025.

UFP Construction











(In thousands)


Quarter Period and Year to Date



2026


2025


% Change

Net sales


$

465,513


$

515,940


(9.8)

%

Net earnings



11,723



21,944


(46.6)


Net margin



2.5

%


4.3

%



Adjusted EBITDA



25,687



37,310


(31.2)


Adjusted EBITDA margin



5.5

%


7.2

%













Percentage change in net sales:










Organic units



(5)

%






Acquisitions



—







Selling prices



(5)







  • Site Built organic unit sales declined 14 percent in the quarter from year ago levels due to soft demand caused by economic uncertainty, housing affordability challenges, and unfavorable weather.
  • Factory Built organic unit sales declined 8 percent in the quarter from year ago levels due to the loss of low margin commodity sales, partially offset by a 1 percent contribution from acquisitions. Despite the decline, gross profits improved.
  • Concrete Forming Solutions' organic unit sales grew 14 percent in the quarter from year ago levels driven by market share gains associated with value-added product sales.
  • Commercial organic sales grew 15 percent in the quarter from year ago levels as overall demand has improved.

Capital Structure, Leverage and Liquidity Information

UFP Industries maintains a strong balance sheet and as of March 28, 2026, had liquidity of approximately $2.0 billion consisting of over $715 million of cash and $1.3 billion of remaining availability under its revolving credit facility and a shelf agreement with certain lenders. The company's return-focused approach to capital allocation includes the following:

  • Organic Growth. The company invests in organic growth opportunities when acquisition targets are not available at valuations that will allow us to meet or exceed targeted return rates. The company expects to invest approximately $250 million to $275 million on capital projects in 2026.
  • Acquisitions and Inorganic Growth.  In April, the company closed one transaction, expanding production capacity and expanding our geographic reach in one of our core businesses, and announced another transaction expected to close in May.
    • On April 6, 2026, the company acquired the operating assets of the composite decking manufacturing facility of MoistureShield, Inc., a leading player in the growing wood plastic composite industry, for $56 million in cash.  The acquisition expands our manufacturing capacity to meet the growing demand for our Deckorators product offering.  In 2025, MoistureShield had sales of approximately $50 million.
    • On April 28, 2026, the company announced the plan to acquire Berry Pallets, Inc., a wood pallet manufacturer, in May 2026 for an estimated $20 million in cash. In 2025, Berry Pallets had sales of approximately $23 million.
  • Dividend Payments. On April 22, 2026, the Board declared a quarterly cash dividend of $0.36 per share. This dividend is payable on June 15, 2026, to shareholders of record on June 1, 2026. The per share cash dividend amount represents a 3% increase from the 2025 dividend rate. We continue to consider our payout ratio and yield when determining the appropriate dividend rate and have a long-term objective of increasing our dividend in line with our future earnings and free cash flow growth.
  • Share Repurchases. During the quarter ended March 28, 2026, we repurchased 334,541 shares for $30 million, at an average share price of $89.76.

2026 Outlook and Long-Term Targets

We anticipate that the current, more challenging market environment will continue in 2026 and that overall demand for the balance of the year will likely be towards the lower end of our prior guidance, which called for flat to slightly down unit expectations in each of our segments based on our sales mix.  Input cost, primarily tied to energy and transportation, will remain a headwind, and while we have mechanisms in place to offset these higher costs, we expect to make progress gradually through the remainder of the year.  Markets tied to new residential construction are expected to remain more challenging, while we expect stabilization across our other end markets will serve as an offset. Despite these conditions, we believe we are positioned to perform better than our markets as a result of share gains across our portfolio and the execution of our cost out program. In addition, initial stocking orders, upgraded manufacturing capacity, and expanded distribution are expected to support momentum in our Deckorators and Surestone businesses in 2026.

The company's long-term goals remain unchanged and include: 1) achieving 7-10 percent unit sales growth annually (including bolt-on acquisitions) with at least 10 percent of all sales coming from new products; 2) achieving 12.5 percent adjusted EBITDA margins; 3) earning an incremental return on new investments over our hurdle rate; and 4) maintaining a conservative capital structure.

Conference Call

UFP Industries will host a conference call on Thursday, April 30, 2026, to discuss these results and outlook. The conference call will begin at 10:00 a.m. Eastern Time and will be hosted by CEO Will Schwartz and CFO Michael Cole. Interested investors can access the webcast directly with this link (here). A replay of the call will be available through the UFP Investor Relations website at www.ufpinvestor.com for at least 90 days following the call.

UFP Industries, Inc.                                          

UFP Industries, Inc. is a holding company whose operating subsidiaries – UFP Packaging, UFP Construction and UFP Retail – manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates in North America, Europe, Asia and Australia. For more about UFP Industries, go to www.ufpi.com.

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act, as amended, that are based on management's beliefs, assumptions, current expectations, estimates and projections about the markets we serve, the economy and the Company itself. Words like "anticipates," "believes," "confident," "estimates," "expects," "forecasts," "likely," "plans," "projects," "should," variations of such words, and similar expressions identify such forward-looking statements. These statements do not guarantee future performance and involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. The Company does not undertake to update forward-looking statements to reflect facts, circumstances, events, or assumptions that occur after the date the forward-looking statements are made. Actual results could differ materially from those included in such forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Among the factors that could cause actual results to differ materially from forward-looking statements are the following: fluctuations in currency and inflation; fluctuations in the price of lumber; adverse or unusual weather conditions; adverse economic conditions in the markets we serve; changes in tariffs, import/export regulations, and other trade policies; concentration of sales to customers; the success of vertical integration strategies; excess capacity or supply chain challenges; inbound and outbound transportation costs; alternatives to replace treated wood products; government regulations, particularly involving environmental and safety regulations; our ability to make successful business acquisitions; cybersecurity breaches; and potential pandemics. Certain of these risk factors as well as other risk factors and additional information are included in the Company's reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.

Non-GAAP Financial Information

This release includes certain financial information not prepared in accordance with U.S. GAAP. Because not all companies calculate non-GAAP financial information identically (or at all), the presentations herein may not be comparable to other similarly titled measures used by other companies. Management uses Adjusted EBITDA and Free cash flow, non-GAAP financial measures, in order to evaluate historical and ongoing operations. Management believes that these non-GAAP financial measures are useful in order to enable investors to perform meaningful comparisons of historical and current performance. Adjusted EBITDA and Free cash flow are intended to supplement and should be read together with the financial results. Adjusted EBITDA and Free cash flow should not be considered alternatives or substitutes for, and should not be considered superior to, the reported financial results. Accordingly, users of this financial information should not place undue reliance on the non-GAAP financial measures. See the table below for a reconciliation of Net earnings to Adjusted EBITDA and a reconciliation of Cash flow from operations to Free cash flow.

Net earnings

Net earnings refers to net earnings attributable to controlling interest unless specifically noted.

CONDENSED CONSOLIDATED STATEMENTS OF EARNINGS AND

COMPREHENSIVE INCOME (UNAUDITED)

FOR THE THREE MONTHS ENDED

MARCH 2026/2025















Quarter Period and Year to Date

(In thousands, except per share data)


2026

2025

Net sales


$

1,461,267


100.0

%

$

1,595,519


100.0

%

Cost of sales



1,225,378


83.9



1,327,323


83.2


Gross profit



235,889


16.1



268,196


16.8














Operating expenses












Selling, general and administrative expenses



172,883


11.8



176,254


11.0


Net gain on disposition and impairments of assets



(1,652)


(0.1)



(76)


—


Other losses (gains), net



577


—



(234)


—


Total operating expenses



171,808


11.8



175,944


11.0














Earnings from operations



64,081


4.4



92,252


5.8














Interest and other



(2,863)


(0.2)



(8,429)


(0.5)














Earnings before income taxes



66,944


4.6



100,681


6.3


Income taxes



15,847


1.1



21,258


1.3


Net earnings



51,097


3.5



79,423


5.0














Less net earnings attributable to noncontrolling interest



(323)


—



(670)


—














Net earnings attributable to controlling interest


$

50,774


3.5


$

78,753


4.9














Earnings per share - basic


$

0.90




$

1.30
















Earnings per share - diluted


$

0.89




$

1.30
















Comprehensive income


$

50,194




$

82,604
















Less comprehensive income attributable to noncontrolling interest



(258)





(637)
















Comprehensive income attributable to controlling interest


$

49,936




$

81,967




CONDENSED CONSOLIDATED STATEMENTS

OF EARNINGS BY SEGMENT (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 2026/2025






















Quarter Period and Year to Date 2026

(In thousands)


Retail


Packaging


Construction


All Other


Corporate


Total

Net sales


$

531,176


$

394,093


$

465,513


$

68,505


$

1,980


$

1,461,267

Cost of sales



450,614



333,745



387,896



56,782



(3,659)



1,225,378

Gross profit



80,562



60,348



77,617



11,723



5,639



235,889

Selling, general and administrative expenses



56,046



45,203



61,826



8,978



830



172,883

Net loss (gain) on disposition and impairments of

assets



68



(170)



13



1



(1,564)



(1,652)

Other losses (gains), net



55



—



423



106



(7)



577

Earnings from operations



24,393



15,315



15,355



2,638



6,380



64,081

Interest and other



(70)



40



(3)



(1,820)



(1,010)



(2,863)

Earnings before income taxes



24,463



15,275



15,358



4,458



7,390



66,944

Income taxes



5,791



3,616



3,635



904



1,901



15,847

Net earnings


$

18,672


$

11,659


$

11,723


$

3,554


$

5,489


$

51,097






















Quarter Period and Year to Date 2025

(In thousands)


Retail


Packaging


Construction


All Other


Corporate


Total

Net sales


$

607,383


$

410,008


$

515,940


$

60,298


$

1,890


$

1,595,519

Cost of sales



526,088



340,434



425,140



49,666



(14,005)



1,327,323

Gross profit



81,295



69,574



90,800



10,632



15,895



268,196

Selling, general and administrative expenses



55,355



47,769



62,784



8,462



1,884



176,254

Net loss (gain) on disposition and impairments of

assets



24



32



120



—



(252)



(76)

Other (gains) losses, net



(218)



—



80



(54)



(42)



(234)

Earnings from operations



26,134



21,773



27,816



2,224



14,305



92,252

Interest and other



(60)



328



(1)



(947)



(7,749)



(8,429)

Earnings before income taxes



26,194



21,445



27,817



3,171



22,054



100,681

Income taxes



5,531



4,528



5,873



669



4,657



21,258

Net earnings


$

20,663


$

16,917


$

21,944


$

2,502


$

17,397


$

79,423

RECONCILIATION OF NET EARNINGS TO

ADJUSTED EBITDA BY SEGMENT (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 2026/2025






















Quarter Period and Year to Date 2026

(In thousands)


Retail


Packaging


Construction


All Other


Corporate


Total

Net earnings


$

18,672


$

11,659


$

11,723


$

3,554


$

5,489


$

51,097

Interest and other



(70)



40



(3)



(1,820)



(1,010)



(2,863)

Income taxes



5,791



3,616



3,635



904



1,901



15,847

Expenses associated with share-based compensation

arrangements



1,778



2,226



2,870



112



1,486



8,472

Net loss (gain) on disposition and impairments of

assets



68



(170)



13



1



(1,564)



(1,652)

Depreciation expense



7,757



8,316



6,774



1,010



11,228



35,085

Amortization of intangibles



836



2,103



675



1,640



116



5,370

Adjusted EBITDA


$

34,832


$

27,790


$

25,687


$

5,401


$

17,646


$

111,356




















Net earnings as a percentage of net sales



3.5 %



3.0 %



2.5 %



5.2 %



*



3.5 %




















Adjusted EBITDA as a percentage of net sales



6.6 %



7.1 %



5.5 %



7.9 %



*



7.6 %

* Not meaningful








































Quarter Period and Year to Date 2025

(In thousands)


Retail


Packaging


Construction


All Other


Corporate


Total

Net earnings


$

20,663


$

16,917


$

21,944


$

2,502


$

17,397


$

79,423

Interest and other



(60)



328



(1)



(947)



(7,749)



(8,429)

Income taxes



5,531



4,528



5,873



669



4,657



21,258

Expenses associated with share-based compensation

arrangements



1,424



2,164



2,825



264



4,884



11,561

Net loss (gain) on disposition and impairments of

assets



24



32



120



—



(252)



(76)

Gain from reduction of estimated earnout liability



—



—



(344)



—



—



(344)

Depreciation expense



7,310



8,897



6,191



944



9,599



32,941

Amortization of intangibles



957



2,179



702



1,601



378



5,817

Adjusted EBITDA


$

35,849


$

35,045


$

37,310


$

5,033


$

28,914


$

142,151




















Net earnings as a percentage of net sales



3.4 %



4.1 %



4.3 %



4.1 %



*



5.0 %




















Adjusted EBITDA as a percentage of net sales



5.9 %



8.5 %



7.2 %



8.3 %



*



8.9 %

* Not meaningful



















CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

MARCH 2026/2025

















(In thousands)
















Assets



2026



2025


Liabilities and equity



2026



2025


Current assets








Current liabilities








Cash and cash equivalents


$

714,453


$

903,562


Accounts payable


$

255,982


$

277,690


Restricted cash



13,952



1,061


Accrued liabilities and other



226,913



214,751


Investments



40,104



30,725


Current portion of debt



6,027



4,085


Accounts receivable



647,770



712,990










Inventories



767,131



754,913


Total current liabilities



488,922



496,526


Other current assets



86,330



61,140


















Long-term debt and finance lease

obligations



228,310



229,936


Total current assets



2,269,740



2,464,391


Other liabilities



213,406



159,488


















Other assets



277,732



266,949


Temporary equity



485



5,280


Intangible assets, net



478,775



495,921










Property, plant and equipment,

net



1,005,567



923,025


Shareholders' equity



3,100,691



3,259,056


















Total assets


$

4,031,814


$

4,150,286


Total liabilities and equity


$

4,031,814


$

4,150,286


CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

FOR THE THREE MONTHS ENDED

MARCH 2026/2025









(In thousands)



2026



2025


Cash flows used in operating activities:








Net earnings


$

51,097


$

79,423


Adjustments to reconcile net earnings to net cash from operating activities:








Depreciation



35,085



32,941


Amortization of intangibles



5,370



5,817


Expense associated with share-based and grant compensation arrangements



8,472



11,561


Deferred income taxes



(1,822)



(17)


Unrealized (gain) loss on investment and other



(921)



672


Impairment of investments



4,000



—


Equity in loss of investee



(53)



19


Net gain on sale, disposition and impairment of assets



(1,652)



(76)


Gain from reduction of estimated earnout liability



—



(344)


Changes in:








Accounts receivable



(172,087)



(211,709)


Inventories



(45,312)



(33,830)


Accounts payable



45,358



52,902


Accrued liabilities and other



(31,154)



(46,166)


Net cash used in operating activities



(103,619)



(108,807)










Cash flows used in investing activities:








Capital expenditures



(48,265)



(67,268)


Proceeds from sale of property, plant and equipment



6,110



758


Acquisitions and purchases of non-controlling interest, net of cash received



—



(3,735)


Purchases of investments



(7,836)



(7,191)


Proceeds from sale of investments



2,470



2,304


Other



(307)



(418)


Net cash used in investing activities



(47,828)



(75,550)










Cash flows used in financing activities:








Borrowings under revolving credit facilities



10,968



4,798


Repayments under revolving credit facilities



(6,175)



(4,752)


Contingent consideration payments and other



(83)



(221)


Proceeds from issuance of common stock



577



650


Dividends paid to shareholders



(20,456)



(21,322)


Distributions to noncontrolling interest



(1,082)



—


Purchase of remaining noncontrolling interest of subsidiary



(3,937)



—


Payments to taxing authorities in connection with shares directly withheld from employees



(1,205)



(9,547)


Repurchase of common stock



(23,993)



(60,553)


Other



26



21


Net cash used in financing activities



(45,360)



(90,926)










Effect of exchange rate changes on cash



141



312


Net change in cash and cash equivalents



(196,666)



(274,971)










All cash and cash equivalents, beginning of period



925,071



1,179,594










All cash and cash equivalents, end of period


$

728,405


$

904,623










Reconciliation of cash and cash equivalents and restricted cash:








Cash and cash equivalents, beginning of period


$

914,199


$

1,171,828


Restricted cash, beginning of period



10,872



7,766


All cash and cash equivalents, beginning of period


$

925,071


$

1,179,594










Cash and cash equivalents, end of period


$

714,453


$

903,562


Restricted cash, end of period



13,952



1,061


All cash and cash equivalents, end of period


$

728,405


$

904,623


RECONCILIATION OF NET CASH FROM OPERATING

ACTIVITIES TO FREE CASH FLOW (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 2026/2025









(In thousands)



2026



2025


Net cash used in operating activities


$

(103,619)


$

(108,807)


Increase in investment in net working capital



203,195



238,803


Maintenance capital expenditures(1)



(15,000)



(18,980)


Interest expense, net of taxes



2,002



2,106


Free cash flow


$

86,578


$

113,122










(1) Breakdown of Capital expenditures from the condensed consolidated statements of cash flows:








   Maintenance capital expenditures


$

15,000


$

18,980


   Expansionary and efficiency capital expenditures



33,265



48,288


   Total Capital expenditures


$

48,265


$

67,268


SOURCE UFP Industries, Inc.

21%

more press release views with 
Request a Demo

Modal title

Also from this source

UFP Packaging Expands Upper Midwest Pallet Manufacturing Footprint with Acquisition of Berry Pallets

UFP Packaging Expands Upper Midwest Pallet Manufacturing Footprint with Acquisition of Berry Pallets

UFP Packaging, a division of UFP Industries (NASDAQ: UFPI), announced this week the acquisition of Berry Pallets, Inc., a pallet manufacturer based...

UFP Industries Expands Pallet Manufacturing Network Through Acquisition

UFP Industries Expands Pallet Manufacturing Network Through Acquisition

UFP Industries (NASDAQ: UFPI) today announced the acquisition of the operating assets, including real estate, of Berry Pallets, Inc., a pallet...

More Releases From This Source

Explore

Construction & Building

Construction & Building

Retail

Retail

Paper, Forest Products & Containers

Paper, Forest Products & Containers

Earnings

Earnings

News Releases in Similar Topics

Contact PR Newswire

  • Call PR Newswire at 888-776-0942
    from 8 AM - 9 PM ET
  • Chat with an Expert
  • General Inquiries
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices

Products

  • For Marketers
  • For Public Relations
  • For IR & Compliance
  • For Agency
  • All Products

About

  • About PR Newswire
  • About Cision
  • Become a Publishing Partner
  • Become a Channel Partner
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Italy
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom
  • Vietnam

My Services

  • All New Releases
  • Platform Login
  • ProfNet
  • Data Privacy

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Platform Login
  • ProfNet
Call PR Newswire at
888-776-0942
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookies
Copyright © 2026 Cision US Inc.