UFP Industries (UFPI) Misses Q2 EPS by 3c

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Go back to UFP Industries (UFPI) Misses Q2 EPS by 3c

UFP Industries Announces Second Quarter Results

August 2, 2023 4:05 PM EDT

Net sales exceed $2 billion, diluted EPS of $2.36

GRAND RAPIDS, Mich.--(BUSINESS WIRE)-- UFP Industries, Inc. (Nasdaq: UFPI) today announced second quarter 2023 results including net sales of $2.04 billion, net earnings attributable to controlling interest of $151 million, and earnings per diluted share of $2.36.

I want to thank the hard-working employees of UFP Industries for delivering another strong quarter. Their focus on innovation, efficiencies, and value-added solutions has helped us improve our gross margins, even as lower pricing and volume resulted in decreases in our top- and bottom-line results,... More