UFP INDUSTRIES INC
Business
UFP Industries manufactures and supplies wood and composite products to retail, packaging, and construction end markets across North America, Europe, and Asia-Pacific. The company offers pressure-treated lumber and composite decking through Retail Solutions; custom packaging and pallets through Packaging; and roof trusses, wall panels, and engineered components through Construction. UFP distributes through manufacturing facilities positioned near customers and suppliers, serving big-box retailers, distributors, builders, and industrial customers.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 6,320 | 6,652 | 7,218 | 9,627 | 8,636 | |
| Cost of sales | 5,260 | 5,426 | 5,799 | 7,837 | 7,229 | |
| Gross profit | 1,060 | 1,227 | 1,419 | 1,789 | 1,407 | |
| Selling, general and administrative expenses | 691 | 735 | 767 | 832 | 682 | |
| Net loss (gain) on disposition and impairments of assets | 3 | 6 | −260,000 | 6 | — | |
| Other losses (gains), net | 2 | −7 | 6 | 2 | −13 | |
| Total operating expenses | 696 | 735 | 772 | — | — | |
| Earnings from operations | 364 | 492 | 647 | 950 | 738 | |
| Interest expense | 11 | 13 | 13 | 14 | — | |
| Interest and investment income | −39 | −61 | −40 | −725,000 | −6 | |
| Equity in (earnings) loss of investee | −709,000 | −89,000 | 2 | 2 | 4 | |
| Total interest and other | −28 | −48 | −25 | 15 | 11 | |
| Earnings before income taxes | 392 | 540 | 671 | 935 | 726 | |
| Income taxes | 96 | 121 | 157 | 230 | 174 | |
| Net earnings | 296 | 419 | 514 | 705 | 552 | |
| Less net earnings attributable to noncontrolling interest | −1 | −4 | −145,000 | −12 | −17 | |
| Net earnings attributable to controlling interest | 295 | 415 | 514 | 693 | 536 | |
| Earnings per share - basic (USD per share) | 5 | 6.78 | 8.21 | 11.05 | 8.61 | |
| Earnings per share - diluted (USD per share) | 5 | 6.77 | 8.07 | 10.97 | 8.59 | |
| Other comprehensive income (loss) | 19 | −20 | 15 | −2 | −5 | |
| Comprehensive income | 315 | 399 | 529 | 702 | 547 | |
| Less comprehensive income attributable to noncontrolling interest | −4 | −610,000 | −5 | −13 | −15 | |
| Comprehensive income attributable to controlling interest | 312 | 398 | 524 | 689 | 532 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 914 | 1,172 | 1,118 | 559 | 287 | |
| Restricted cash | 11 | 8 | 4 | — | 5 | |
| Investments | 34 | 31 | 35 | 36 | 36 | |
| Accounts receivable, net | 476 | 501 | 549 | 618 | 738 | |
| Raw materials | 380 | 388 | 353 | 399 | 416 | |
| Finished goods | 342 | 332 | 375 | 574 | 547 | |
| Total inventories | 722 | 721 | 728 | 973 | 963 | |
| Refundable income taxes | 38 | 21 | 29 | 33 | 5 | |
| Assets held for sale | 6 | — | — | — | — | |
| Other current assets | 67 | 50 | 38 | 43 | 40 | |
| Total current assets | 2,269 | 2,503 | 2,502 | 2,262 | 2,073 | |
| Deferred income taxes | 8 | 5 | 4 | 4 | 3 | |
| Restricted investments | 51 | 39 | 25 | 20 | 19 | |
| Right of use assets | 116 | 115 | 104 | 108 | 97 | |
| Other assets | 102 | 98 | 87 | 101 | 32 | |
| Goodwill | 344 | 340 | 336 | 337 | 315 | |
| Indefinite-lived intangible assets | 7 | 7 | 7 | 7 | 7 | |
| Other intangible assets, net | 134 | 152 | 175 | 144 | 109 | |
| Property, plant and equipment | 1,936 | 1,750 | 1,559 | 1,380 | 1,212 | |
| Less accumulated depreciation and amortization | −944 | −859 | −783 | −691 | −623 | |
| Property, plant and equipment, net | 993 | 891 | 777 | 689 | 589 | |
| Total assets | 4,023 | 4,151 | 4,018 | 3,672 | 3,245 | |
| Accounts payable | 206 | 225 | 203 | 207 | 319 | |
| Accrued compensation and benefits | 188 | 193 | 232 | 296 | 289 | |
| Other accrued liabilities | 71 | 62 | 67 | 80 | 85 | |
| Current portion of lease liability | 28 | 28 | 23 | 26 | 23 | |
| Current portion of long-term debt | 899,000 | 4 | 43 | 3 | 43 | |
| Total current liabilities | 494 | 512 | 568 | 612 | 776 | |
| Long-term debt and finance lease obligations | 229 | 230 | 234 | 275 | 278 | |
| Lease liability | 99 | 95 | 85 | 85 | 77 | |
| Deferred income taxes | 83 | 31 | 45 | 51 | 61 | |
| Other liabilities | 29 | 32 | 36 | 45 | 37 | |
| Total liabilities | 934 | 901 | 968 | 1,068 | 1,229 | |
| Redeemable noncontrolling interest | 4 | 5 | 20 | 7 | — | |
| Preferred stock, no par value; shares authorized 1,000,000; issued and outstanding, none | — | — | — | — | — | |
| Common stock, $1 par value; shares authorized 240,000,000; issued and outstanding, 56,591,900 and 60,724,308 | 57 | 61 | 62 | 62 | 62 | |
| Additional paid-in capital | 445 | 403 | 355 | 294 | 244 | |
| Retained earnings | 2,559 | 2,775 | 2,582 | 2,217 | 1,678 | |
| Accumulated other comprehensive income (loss) | 2 | −15 | 1 | −9 | −5 | |
| Total controlling interest shareholders' equity | 3,062 | 3,224 | 3,000 | 2,564 | 1,979 | |
| Noncontrolling interest | 22 | 21 | 30 | 33 | 38 | |
| Total shareholders' equity | 3,084 | 3,245 | 3,030 | 2,597 | 2,017 | |
| Total liabilities, temporary equity and shareholders' equity | 4,023 | 4,151 | 4,018 | 3,672 | 3,245 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 138 | 125 | 111 | 94 | 84 | |
| Amortization of intangibles | 23 | 24 | 21 | 20 | 14 | |
| Expense associated with share-based and grant compensation arrangements | 38 | 38 | 35 | 28 | 11 | |
| Deferred income taxes | 50 | −15 | −6 | −16 | 6 | |
| Unrealized gain on investments and other | −2 | −1 | −2 | 6 | −4 | |
| Impairment of investments | 7 | — | — | — | — | |
| Net loss (gain) loss on sale, disposition and impairment of assets | 728,000 | 678,000 | −260,000 | 1 | −12 | |
| Impairment of goodwill and other intangibles | 2 | 5 | — | 4 | — | |
| Gain from reduction of estimated earnout liability | −2 | −2 | −3 | — | — | |
| Accounts receivable | 27 | 47 | 82 | 131 | −85 | |
| Inventories | 7 | 6 | 251 | 718,000 | −260 | |
| Accounts payable and cash overdraft | −20 | 22 | −4 | −138 | 78 | |
| Accrued liabilities and other | −18 | −25 | −41 | −6 | 125 | |
| Net cash from operating activities | 546 | 643 | 960 | 832 | 512 | |
| Capital expenditures | −269 | −232 | −180 | −174 | −151 | |
| Proceeds from sale of property, plant and equipment | 31 | 12 | 3 | 4 | 30 | |
| Acquisitions and purchases of noncontrolling interest, net of cash received | −18 | −30 | −52 | — | — | |
| Purchases of investments | −39 | −55 | −30 | −20 | −24 | |
| Proceeds from sale of investments | 20 | 31 | 30 | 13 | 15 | |
| Other | 1 | 4 | −11 | 4 | −5 | |
| Net cash used in investing activities | −273 | −271 | −240 | −354 | −611 | |
| Borrowings under revolving credit facilities | 34 | 30 | 28 | 605 | 892 | |
| Repayments under revolving credit facilities | −38 | −32 | −30 | −608 | −889 | |
| Repayments of debt | — | −40 | −29,000 | −39 | — | |
| Repayment of debt on behalf of investee | — | −6 | — | — | — | |
| Contingent consideration payments and other | −221,000 | −5 | −6 | −3 | −3 | |
| Proceeds from issuance of common stock | 2 | 3 | 3 | 3 | 2 | |
| Dividends paid to shareholders | −82 | −81 | −68 | −59 | — | |
| Distributions to noncontrolling interest | −3 | −12 | −7 | −12 | −7 | |
| Purchase of remaining noncontrolling interest of subsidiary | −549,000 | −5 | — | — | — | |
| Payments to taxing authorities in connection with shares directly withheld from employees | −10 | −18 | — | — | — | |
| Repurchase of common stock | −433 | −141 | −82 | −96 | — | |
| Other | −163,000 | 73,000 | 86,000 | −2 | −364,000 | |
| Net cash used in financing activities | −530 | −307 | −163 | −210 | −45 | |
| Effect of exchange rate changes on cash | 3 | −7 | 6 | 979,000 | −2 | |
| Net change in cash and cash equivalents | −255 | 57 | 563 | 268 | −145 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is UFP INDUSTRIES INC's CIK number?
UFP INDUSTRIES INC's SEC CIK number is 0000912767 (912767). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find UFP INDUSTRIES INC's SEC filings?
All of UFP INDUSTRIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did UFP INDUSTRIES INC last report earnings?
UFP INDUSTRIES INC (UFPI) most recently filed an earnings 8-K with the SEC on Apr 29, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000912767-26-000023). This is UFP INDUSTRIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is UFP INDUSTRIES INC's most recent earnings 8-K?
UFP INDUSTRIES INC's latest earnings 8-K (Item 2.02) was filed Apr 29, 2026 under accession 0000912767-26-000023. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View UFP INDUSTRIES INC's latest earnings 8-K →
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