UI

UFP Industries

UFPI
NASDAQIndustrials
$84.56
USD
+0.12(+0.14%)
At close: Jun 12, 20:00 UTC

Open

$84.75

Prev. Close

$84.79

High

$84.82

Low

$84.46

Market Snapshot

Market Cap

$4.79B

P/E Ratio

17.9

EPS

6.77

Revenue

$6.65B

Why UFPI moved

UFP Industries plans a $300 million buyback program to address ongoing demand weakness and margin pressures affecting the industry.

About

UFP Industries, Inc. is a holding company, which engages in the supply of products primarily manufactured from wood, wood and non-wood composites, and other materials to retail, packaging, and construction markets. The company is headquartered in Grand Rapids, Michigan and currently employs 13,800 full-time employees. The firm designs, manufactures and supplies products made from wood, wood and non-wood composites, and other materials to the retail, packaging, and construction sectors. Its segments include UFP Retail Solutions (Retail), UFP Packaging (Packaging) and UFP Construction (Construction). The Retail Solutions Segment consists of the following business units: ProWood, Deckorators and UFP Edge. The company sells to three verticals, including big box retailers, independent distributors, and distribution centers including two-step distributors. The Packaging Segment serves regional, national, and global customers across verticals including building materials, durable goods, agricultural, moving and storage, heavy equipment and automotive. The construction segment consists of factory-built housing, site-built construction, commercial construction, and concrete forming. The firm operates in the United States, Mexico, Canada, Spain, India and Australia.

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