Quarterly ResultJul 29, 2026, 04:23 PM
UFP Industries Q2 Net Sales $1.88B, EPS $1.48
AI Summary
UFP Industries reported mixed results for the second quarter of 2026, with net sales increasing 3% to $1.88 billion, driven by acquisitions and organic unit growth in several segments. However, diluted earnings per share fell to $1.48 from $1.70 a year ago, primarily due to higher freight costs and a weaker residential construction market. The company completed three acquisitions, increased its quarterly dividend by 3%, and authorized a new $300 million share repurchase plan, while maintaining its full-year 2026 outlook for demand at the lower end of expectations.
Key Highlights
- Net Sales increased 3% to $1.88 billion for Q2 2026.
- Diluted earnings per share decreased to $1.48 from $1.70 year-over-year.
- Net Earnings Attributable to Controlling Interests were $83 million, down from $101 million.
- Adjusted EBITDA was $154.5 million, or 8.2% of net sales, compared to $174.1 million, or 9.5% a year ago.
- Cash flows from operating activities for the first six months of 2026 were $61 million.
- Free cash flow for the first six months was $198 million, used to repurchase $142 million of shares.
- Completed three acquisitions in the quarter: MoistureShield ($55M), John Rock ($47M), and Berry Pallets ($20M).
- Declared a quarterly cash dividend of $0.36 per share, a 3% increase from 2025.
Price Impact
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