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Ufp Industries, Inc. (UFPI)
:UFPI
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.23Last Year’s EPS
1.62Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 16, 2018
|% Change Since: -11.04%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong strategic initiatives, a robust financial position, and product growth in Deckorators. However, it also underscored significant sales declines, segment-specific challenges, and macroeconomic headwinds affecting performance.Company Guidance
During the Q3 2024 earnings call for UFP Industries, significant guidance was provided, focusing on aggressive cost reduction strategies and a cautious outlook for 2025. The company aims for over $70 million in annualized cost reductions by consolidating facilities, exploring strategic alternatives for certain EBITDA-positive businesses, and reducing SG&A expenses. UFP Industries reported a 10% sales decline to $1.65 billion and a 21% drop in adjusted EBITDA to $165 million, with an EBITDA margin of 10%. They are also planning strategic capital allocation, including a $200 million stock repurchase authorized by the Board and capital investments estimated between $250 million to $300 million for 2024. The company expects ongoing competitive pricing and soft demand, projecting continued mid-single-digit declines in retail and packaging segments and slight declines in construction for the remainder of the year. Despite these challenges, UFP remains optimistic about long-term growth, supported by new product initiatives and strategic acquisitions.Cost Reduction Initiatives
UFPI plans to implement cost reductions totaling more than $70 million annually, primarily through facility consolidations and SG&A cuts.
Strong Balance Sheet
The company maintains a strong balance sheet with a cash surplus of nearly $1.2 billion and a trailing 12-month return on invested capital at nearly 20%.
Dividend Increase
UFPI's Board declared a cash dividend of $0.33 per share, a 10% increase from the previous year.
Deckorators Growth
Sales of Deckorators decking increased 17%, with Surestone decking sales up 20%.
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UFPI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UFPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 28, 2024 | $131.25 | $122.74 | -6.48% |
| Jul 30, 2024 | $126.40 | $134.64 | +6.52% |
| Apr 30, 2024 | $114.87 | $111.81 | -2.66% |
| Feb 20, 2024 | $117.35 | $108.87 | -7.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ufp Industries, Inc. (UFPI) report earnings?
Ufp Industries, Inc. (UFPI) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Ufp Industries, Inc. (UFPI) earnings time?
Ufp Industries, Inc. (UFPI) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UFPI EPS forecast?
UFPI EPS forecast for the fiscal quarter 2024 (Q4) is 1.23.
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