Strong Liquidity Position
UFP Industries ended 2024 with nearly $1.2 billion in cash and equivalent debt capacity, providing flexibility for growth and M&A opportunities.
Record New Product Sales
New product sales in 2024 totaled $505 million, constituting 7.6% of total sales. The company aims to increase this to 10% over time.
Successful M&A Activity
Acquisition of C&L Wood Products to expand UFP Packaging's PalletOne business unit, reflecting a healthy acquisition pipeline.
Strong Retail Segment Performance
Retail segment sales were flat at $525 million, with a 20% increase in decking sales driven by ShearStone technology.
Positive Return on Invested Capital
Return on invested capital was at 18.3%, nearly double the company's weighted average cost of capital.