UFP INDUSTRIES INC

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.

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.

UFP Industries announced the acquisition of the operating assets of John Rock, Inc., a new pallet manufacturer, for approximately $48 million. This strategic move adds about $82 million in annual sales and nearly 250 employees, significantly expanding PalletOne's footprint in the northeast. The acquisition of three key operating locations aims to strengthen UFP Packaging's ability to serve national customers and unlock operational synergies.

UFP Industries released its Q1 2026 Investor Relations Presentation, detailing financial results through March 28, 2026. The company reported Q1 2026 consolidated net sales of $1.461 billion and adjusted EBITDA of $111 million. For the trailing twelve months (TTM) ending Q1 2026, net sales were $6.186 billion and adjusted EBITDA was $532.8 million, with an adjusted EBITDA margin of 8.6%. The presentation highlighted the company's focus on above-market organic growth, operational excellence, and investments in higher-margin core businesses, aiming for 7-10% unit sales growth CAGR and a 12.5% adjusted EBITDA margin.

UFP Industries announced the acquisition of the operating assets, including real estate, of Berry Pallets, Inc., a pallet manufacturer based in Waseca, Minnesota, for approximately $20 million. The transaction, expected to close around May 18, 2026, will add approximately $23 million in annual sales and 75 employees. This strategic move expands UFP Packaging's manufacturing footprint in the upper Midwest, strengthening its core business and enhancing its ability to serve customers.

UFP Industries' Board of Directors declared a quarterly cash dividend of $0.36 per share of common stock. This dividend is payable on June [date missing in filing snippet]. The declaration follows the company's Annual Meeting of Shareholders held on April 22, 2026, where shareholders elected four directors, ratified Deloitte & Touche LLP as the independent registered public accounting firm, and approved executive compensation on an advisory basis.

UFP Industries, Inc. announced a key executive leadership change, effective July 1, 2026. Patrick M. Benton, currently President of UFP Construction, LLC, will transition to the newly created role of Executive Vice President of Operation Integration. This new position aims to enhance the value of acquired businesses and improve existing operations as the company accelerates its acquisition strategy. Mike Ellerbrook will succeed Benton as President of UFP Construction, LLC.

UFP Industries announced the acquisition of Oldcastle APG's MoistureShield decking operating assets. This acquisition expands UFP Industries' product portfolio and market presence in the decking segment, potentially enhancing revenue and profitability.