UFP Industries on the FORTUNE 500 for Third Consecutive Year

Rhea-AI Summary

UFP Industries (Nasdaq: UFPI) has been named to the FORTUNE 500 list for the third consecutive year, ranking 493rd based on its 2023 net sales of $7.2 billion. Chairman and CEO Matthew J. Missad expressed gratitude to the company's over 15,000 employees for their contributions, noting the company's evolution from a lumber wholesaler to a global solutions provider. UFP Industries, headquartered in Grand Rapids, Michigan, serves the retail, construction, and packaging sectors through over 200 affiliates and processes seven percent of North America's softwood lumber. The company is also #149 on Industry Week’s list of America’s Largest Manufacturers and is a Great Place to Work Certified™.

Positive

• UFP Industries ranked 493rd on the FORTUNE 500 list for the third consecutive year.
• Reported 2023 net sales of $7.2 billion.
• The company has over 15,000 employees contributing to its success.
• Recognized as #149 on Industry Week’s list of America’s Largest Manufacturers.
• Certified as a Great Place to Work™.

Negative

• Ranking at 493rd on the FORTUNE 500 list indicates lower positioning among the largest U.S. companies.

GRAND RAPIDS, Mich.--(BUSINESS WIRE)-- UFP Industries, Inc. (Nasdaq: UFPI) has been named to the FORTUNE 500 list of the largest U.S. companies based on revenue for the third consecutive year.

“I’m grateful to our customers and our 15,000-plus teammates who work every day to create success, in spite of economic challenges,” said Chairman and CEO Matthew J. Missad. “Their efforts have fueled our transformation from a small lumber wholesaler to a global solutions provider, with a track record of providing strong returns on our invested capital. Our teammates have earned this recognition and are dedicated to making our company better so we can climb up the list.”

UFP Industries reported 2023 net sales of $7.2 billion. It is ranked 493 on the 70th annual FORTUNE 500 list of companies.

UFP Industries, Inc.

Headquartered in Grand Rapids, Mich., UFP Industries (Nasdaq: UFPI) was founded in 1955 as a lumber wholesaler and today is a multibillion-dollar manufacturer serving three business segments: retail, construction and packaging. While seven percent of North America’s softwood lumber goes through a UFP facility, the company’s 200+ affiliates also make innovative, value-add products from plastics, corrugated, metals and other materials. In addition to its ranking on the FORTUNE 500 list, UFP is #149 on Industry Week’s list of America’s Largest Manufacturers and is a Great Place to Work Certified™ company. For more about UFP Industries, go to www.ufpi.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240604464076/en/

Annie Patnaude

Director of External Relations

616-239-7035

Source: UFP Industries, Inc.

FAQ

What is UFP Industries' revenue for 2023?

UFP Industries reported net sales of $7.2 billion in 2023.

How many times has UFP Industries been on the FORTUNE 500 list?

UFP Industries has been on the FORTUNE 500 list for three consecutive years.

What is UFP Industries' rank on the 2023 FORTUNE 500 list?

UFP Industries is ranked 493rd on the 2023 FORTUNE 500 list.

What sectors does UFP Industries serve?

UFP Industries serves the retail, construction, and packaging sectors.

Where is UFP Industries headquartered?

UFP Industries is headquartered in Grand Rapids, Michigan.

What percentage of North America's softwood lumber does UFP process?

UFP Industries processes seven percent of North America's softwood lumber.