Welcome to our dedicated page for Ufp Industries news (Ticker: UFPI), a resource for investors and traders seeking the latest updates and insights on Ufp Industries stock.
News for UFP Industries, Inc. (UFPI) focuses on its role as a holding company whose subsidiaries manufacture, distribute, and sell value-added products for residential and commercial construction, packaging, and other industrial applications. Company announcements highlight developments across its UFP Packaging, UFP Construction, and UFP Retail Solutions segments, as well as updates on capital allocation and financial performance.
Investors and industry followers can find earnings releases and related conference call information, where UFP Industries reports net sales, net earnings, adjusted EBITDA, and segment performance for UFP Packaging, UFP Construction, and UFP Retail. These updates often include commentary on organic unit trends, pricing, and the company’s long-term goals for growth and margins.
The news stream also features product and brand launches from subsidiaries and business units. Examples include UFP Factory Built’s introduction of the BRAWN brand of structural and custom components for factory-built homes, RVs, and cargo trailers, ProWood’s TrueFrame Joist for professional deck framing, and UFP Packaging’s U-Loc 200 tool-free crate system. Such releases describe new structural components, framing solutions, decking-related products, and industrial packaging innovations.
Readers can follow segment and brand-level developments such as UFP Packaging’s corrugated division achieving FSC and SFI Chain of Custody certifications, or Edge expanding its distribution partnerships to reach additional markets. These updates provide insight into how the company’s brands operate within retail, construction, and industrial channels.
For those tracking UFPI, this news page aggregates company-issued press releases and related announcements, offering a centralized view of financial results, strategic actions, and product introductions across UFP Industries’ global network of affiliates and brands.
UFP Industries (UFPI) has scheduled its fourth quarter and full year 2024 earnings announcement for Monday, February 17, 2025. The company will hold a conference call to discuss the results on Tuesday, February 18, 2025, at 9 a.m. Eastern Time. A live audio webcast and supporting materials will be available on the company's investor relations website, with a replay accessible for at least 90 days following the call.
UFP Industries operates through three subsidiaries - UFP Packaging, UFP Construction, and UFP Retail Solutions - manufacturing and distributing value-added products for construction, packaging, and industrial applications globally. The company, founded in 1955 and headquartered in Grand Rapids, Michigan, ranks #493 on the Fortune 500 and #128 on Industry Week's list of America's Largest Manufacturers.
Deckorators, a UFP Industries company and leading composite decking brand, has released its 2025 Outdoor Living Report highlighting key trends and industry forecasts. The report, based on contractor insights and panel discussions, indicates 2025 is poised for a home upgrade renaissance, particularly in outdoor living projects, amid projected declining interest rates and an aging housing market.
Key trends identified include: Wellness Decks featuring hot tubs and saunas; Multi-level Decks for space optimization; Biophilic Design incorporating natural elements; and innovative Lighting solutions. The company also announced new product launches for 2025, including Glass Rail Post Kits, Continuous Top Rail, Summit Decking with Surestone technology, Aluminum Fence Kits, and StealthLock Universal Deck Clips.
UFP Industries (UFPI) has announced that its affiliate, UFP Packaging, has acquired C&L Wood Products, a pallet and mulch manufacturer based in Hartselle, Alabama. C&L, with trailing 12-month sales of $24.8 million through November 2024, will operate under UFP Packaging's PalletOne business unit, a leading U.S. manufacturer of machine-built pallets.
Founded in 1975 and acquired by Henry and Blythe Bowman in 1996, C&L has grown from 10 employees and less than $1 million in revenue to approximately 115 employees serving customers within a 150-mile radius. The acquisition expands PalletOne's geographic footprint into northern Alabama and central Tennessee. C&L's current leadership team, including President Henry Bowman and Operations Manager Frank Janek, will remain with the company.
UFP Packaging has opened a new 10,000-square-foot Packaging Design and Development Center (DDC) in Newnan, Georgia. The facility features customer-focused spaces for collaboration and innovation, including a fully equipped prototyping shop and an ISTA-certified testing laboratory. The center will focus on sustainability, cost savings through refined designs, and minimizing material waste. Located near Atlanta, the DDC offers comprehensive testing services including ISTA certification, Amazon 6 testing, and ASTM and ISO package and pallet testing. PalletOne will utilize the center for unit load design classes and pallet solution optimization.
ProWood has announced a strategic partnership with Dixieply to distribute ProWood FR Fire Retardant Treated (FRT) wood across the Southeast. Through this collaboration, Dixieply will offer ProWood's fire-retardant products across its network in Tennessee, Georgia, North Carolina, and Florida. The partnership enables ProWood to reach key markets including Atlanta, Charlotte, Nashville, Fort Lauderdale, Orlando, and Tampa, where fire-retardant materials are important for building resilient communities. Dixieply, an employee-owned distributor operating since 1944, will help expand the availability of ProWood's fire-retardant treated wood products to builders and contractors in these regions.
UFP Industries (UFPI) has announced its participation in Baird's 54th annual Global Industrial Conference, scheduled for November 12-14, 2024, at the Ritz-Carlton in Chicago. The company, ranked #493 on the Fortune 500 and #128 on Industry Week's list of America's Largest Manufacturers, operates through three subsidiaries: UFP Packaging, UFP Construction, and UFP Retail Solutions. These divisions manufacture, distribute, and sell value-added products for residential and commercial construction, packaging, and industrial applications worldwide. Founded in 1955 and headquartered in Grand Rapids, Michigan, UFP Industries maintains affiliates across North America, Europe, Asia, and Australia.
UFP Industries (UFPI) reported third quarter 2024 results with net sales of $1.65 billion, down 10% year-over-year, and net earnings of $100 million, a 26% decrease. The decline was attributed to softer demand and broad-based pricing pressure. The company maintains a strong balance sheet with $1.19 billion in cash and approximately $2.4 billion in liquidity. The Board approved a 10% increase in quarterly dividend to $0.33 per share. The company expects challenging conditions to continue through 2024 and into 2025, with anticipated decreases in demand across segments.
UFP Industries (Nasdaq: UFPI) has announced that Landon Tarvin will replace Will Schwartz as president of UFP Retail Solutions, effective December 29, 2024. UFP Retail Solutions is a business segment producing ProWood pressure-treated lumber, Deckorators composite decking, UFP-Edge siding and trim, and Outdoor Essentials fence and garden products. Tarvin, currently vice president of Deckorators, joined UFP Industries in 2002 and has held various roles of increasing responsibility. Will Schwartz, who will become CEO of UFP Industries on the same date, praised Tarvin as a proven strategic thinker and thoughtful risk-taker, highlighting his strong performance and leadership skills. Tarvin expressed his commitment to executing UFP Retail Solutions strategies and developing the team while building on the foundation set by his predecessors.
UFP Industries (Nasdaq: UFPI) has appointed Stanley Elliott as its new director of investor relations, replacing Dick Gauthier who will retire at the end of 2024 after 40 years with the company. Elliott joins from Stifel Financial , where he served as managing director on the equity research platform, covering industries including building materials and diversified industrials. His experience includes award-winning earnings estimates and stock selection, with UFP Industries in his coverage universe.
Mike Cole, UFP Industries CFO, expressed confidence in Elliott's ability to create a best-in-class investor relations program, citing his knowledge of the company, culture, and industry. UFP Industries, ranked #493 on the Fortune 500 and #128 on Industry Week's list of America's Largest Manufacturers, operates through subsidiaries in packaging, construction, and retail solutions sectors.
UFP Industries announced a planned leadership transition effective December 29, 2024. CEO Matthew J. Missad will become Executive Chairman, while William "Will" Schwartz, current president of the retail business unit, will take over as CEO. CFO Michael Cole will add the role of President of Corporate Services.
Under Missad's 13-year tenure as CEO, UFP Industries' stock price increased over 1500% and revenues grew from $1.8 billion in 2011 to $7.2 billion in 2023. Schwartz, who joined UFP in 1998, has a track record of successfully taking on new challenges and improving business operations.
The transition is part of UFP's succession planning strategy to prepare the next generation of leadership and drive continued growth. Missad will remain as Executive Chairman through 2026 to support the transition and maintain key relationships.