UFP Industries Announces Third Quarter Results
UFP Industries, Inc. (UFPI)
Last ufp industries, inc. earnings: 4/22 04:41 pm
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Source: Business Wire
GRAND RAPIDS, Mich.--(BUSINESS WIRE)--UFP Industries, Inc. (Nasdaq: UFPI) today announced third quarter 2024 results including net sales of $1.65 billion, net earnings attributable to controlling interest of $100 million, and earnings per diluted share of $1.64."Our third quarter results were impacted by softer demand and broad-based pricing pressure which reduced our revenue and profit margins. We are managing through these ongoing challenges by operating more efficiently, aligning our overhead with lower demand levels and eliminating unnecessary costs. I am confident our teammates will respond appropriately to the changing economy while enhancing the pursuit of our strategic priorities. While we expect conditions to remain challenging as we move into 2025, we are well positioned to capitalize on opportunities when markets recover and remain on track to achieve our longer-term profitability targets,” said Chairman and CEO Matthew J. Missad.“When the economy slows, it also creates
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UFPI
News
- UFP Industries to Participate in Baird’s Global Industrial ConferenceBusiness Wire
- UFP Industries (NASDAQ:UFPI) shareholders have earned a 22% CAGR over the last five years [Yahoo! Finance]Yahoo! Finance
- Pallets Market Report 2024-2033: Efforts to Address Sustainability Concerns Reshaping Markets, Further Opportunities for Smart Pallets [Yahoo! Finance]Yahoo! Finance
- Will UFP Industries (UFPI) Beat Estimates Again in Its Next Earnings Report? [Yahoo! Finance]Yahoo! Finance
- UFP Industries, Inc. (NASDAQ: UFPI) was upgraded by analysts at Wedbush from a "neutral" rating to an "outperform" rating. They now have a $155.00 price target on the stock, up previously from $120.00.MarketBeat
UFPI
Earnings
- 10/28/24 - Miss
UFPI
Sec Filings
- 10/31/24 - Form 4
- 10/30/24 - Form 8-K
- 10/28/24 - Form 8-K
- UFPI's page on the SEC website