UFP Industries beat on both earnings and revenue despite freight costs surging 30% during the quarter, with Surestone composite decking driving a 37% sales jump and offsetting weakness in residential construction.
UFP Industries :
UFPI
UFPI
Stock Data
$0.00
$0.00 (0.00%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
BASIC MATERIALS
Industry
LUMBER & WOOD PRODUCTION
UFP Industries Inc, headquartered in Grand Rapids, Michigan, is a dynamic company specializing in the design, manufacture, and marketing of a wide range of wood, non-wood composites, and other materials. With operations spanning North America, Europe, Asia, and Australia, UFP Industries caters to diverse markets through its Retail, Packaging, and Construction segments. The company offers an extensive portfolio including treated lumber, decking, fencing, garden products, custom packaging solutions, and engineered wood components. Additionally, UFP Industries provides specialized products for concrete forming and interior fixtures for commercial use, showcasing its versatility and commitment to innovation since its inception in 1955.
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