BuybackJun 1, 2026, 08:22 AM
UFP Industries Board Authorizes $300M Share Buyback
AI Summary
UFP Industries, Inc. announced that its Board of Directors authorized a new share repurchase program on May 29, 2026. The company is permitted to repurchase up to $300 million of its outstanding common stock, with the authorization expiring on April 30, 2027. This new program replaces all previous share repurchase authorizations and allows for flexibility in execution, including open market or privately negotiated transactions.
Key Highlights
- UFP Industries Board authorized a share repurchase program on May 29, 2026.
- The company is authorized to repurchase up to $300 million of its common stock.
- The authorization is valid until April 30, 2027.
- This new authorization supersedes and replaces any prior share repurchase programs.
- Repurchases may occur in the open market, through privately negotiated transactions, or via Rule 10b5-1 plans.
- The timing, manner, price, and amount of repurchases are at the company's discretion.
- The company is not obligated to acquire shares and the program can be modified or discontinued.
Price Impact
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