UFP Industries ranked 401 on FORTUNE 500

Rhea-AI Summary

UFP Industries (Nasdaq: UFPI) has been ranked 401 on the FORTUNE 500 list, marking a significant leap of 117 places from its previous rank of 518 in 2021. This marks the company’s return to the FORTUNE 500 since 1994. In 2021, UFP reported record revenues of $8.64 billion, up 68% from 2020, and EPS increased by 115% to $8.59. Additionally, the company announced a quarterly dividend increase to 25 cents per share, a 67% rise compared to 2021. CEO Matthew J. Missad expressed gratitude to customers and emphasized ongoing innovation.

Positive

• Ranked 401 on the FORTUNE 500 list, a jump of 117 places from 2021.
• Record revenue of $8.64 billion in 2021, a 68% increase from 2020.
• EPS reached $8.59, up 115% year-over-year.
• Increase in quarterly dividend to 25 cents per share, 67% higher than last year.

Negative

• None.

GRAND RAPIDS, Mich., June 06, 2022 (GLOBE NEWSWIRE) -- UFP Industries (Nasdaq: UFPI) today announced that it was ranked 401 on the FORTUNE 500 list of largest companies by revenue in the United States. UFP Industries jumped 117 places, from 518 in 2021, to make the coveted list. The company, which has achieved FORTUNE 1000 status for many years, was last ranked on the FORTUNE 500 list in 1994.

“We are thankful for the loyal customers who have allowed us to achieve this milestone, and we are very proud of our teammates who have worked incredibly hard to grow our company. To have FORTUNE acknowledge our growth is very gratifying, but we look forward to the even greater opportunities that lie ahead,” said CEO Matthew J. Missad. “We will continue to innovate each day to provide more value-added products and services to our customers and consumers.”

The June/July 2022 issue of FORTUNE magazine includes a special profile of UFP Industries, which can be seen at: https://customcontentonline.com/download/disruption-begins-at-home/

UFP Industries finished 2021 with record revenue of $8.64 billion, a 68 percent increase over 2020, and record EPS of $8.59, a 115 percent increase over the previous year. In April 2022, the company announced it was increasing its quarterly dividend payment to 25 cents per share, payable on June 15, 2022, to shareholders of record on June 1, 2022. This quarterly dividend is 67 percent higher than the quarterly dividend of 15 cents paid on June 15, 2021.

To find additional information about UFP Industries, including the most recent investor presentation, please visit ufpinvestor.com.

UFP Industries, Inc.

UFP Industries is a holding company whose operating subsidiaries – UFP Industrial, UFP Construction and UFP Retail Solutions – manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging, and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Mich., with affiliates in North America, Europe, Asia, and Australia. For more about UFP Industries, go to www.ufpi.com.

---------------AT THE COMPANY---------------

Dick Gauthier
VP, Communications, and Investor Relations
(616) 365-1555

FAQ

What is UFP Industries' rank on the FORTUNE 500 list in 2022?

UFP Industries is ranked 401 on the FORTUNE 500 list in 2022.

How much did UFP Industries' revenue increase in 2021?

UFP Industries' revenue increased by 68% in 2021, reaching $8.64 billion.

What was the earnings per share (EPS) for UFP Industries in 2021?

The earnings per share (EPS) for UFP Industries in 2021 was $8.59, a 115% increase from the previous year.

What is the new quarterly dividend for UFP Industries shareholders?

The new quarterly dividend for UFP Industries shareholders is 25 cents per share.

When will the new dividend payment be made to UFP Industries shareholders?

The new dividend payment will be made on June 15, 2022, to shareholders of record on June 1, 2022.