Quarterly ResultMay 6, 2026, 01:01 PM
UFP Industries Q1 Net Sales $1.46B, EPS $0.89; Earnings Decline
AI Summary
UFP Industries reported a decline in its first quarter 2026 financial results, with net sales decreasing by 8.4% to $1.46 billion compared to the prior year. Net earnings attributable to controlling interest fell to $50.8 million, resulting in diluted earnings per share of $0.89, down from $1.30 in Q1 2025. The company also noted seasonal impacts on working capital and recorded a $4.0 million impairment loss on an investment.
Key Highlights
- Net sales decreased 8.4% to $1.46 billion for the three months ended March 28, 2026.
- Net earnings attributable to controlling interest fell to $50.8 million in Q1 2026 from $78.8 million in Q1 2025.
- Diluted EPS was $0.89 for Q1 2026, down from $1.30 in Q1 2025.
- Cash and cash equivalents stood at $714.5 million as of March 28, 2026.
- Net cash used in operating activities was $103.6 million for the three months ended March 28, 2026.
- Repurchase of common stock totaled $24.0 million in Q1 2026.
- Dividends paid to shareholders were $20.5 million in Q1 2026.
- Recorded a $4.0 million impairment loss on an investment in Q1 2026.
Price Impact
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