UFPI earnings analysis
What we found in UFPI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
UFP Industries reported a disappointing Q1 2026 with revenues of $1.461 billion and EPS of $0.89, both below consensus estimates. Gross and operating margins contracted, reflecting ongoing headwinds from weaker demand in residential construction and higher input costs. Management anticipates challenges will persist, particularly in the residential sector, leading to adjustments in their operational strategy and cost structure.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Q1 2026 revenue was $1.461B, down 8% from Q1 2025. Estimated revenue was $1.516B.
- EPS Shortfall
- Reported diluted EPS was $0.89, falling short of the estimated $1.11 by 20%.
- Gross Margin Compression
- Gross margin declined from 16.8% in Q1 2025 to 16.1% in Q1 2026, reflecting competitive pricing pressures.
- Operating Profit Drop
- Operating profit decreased 31% year-over-year, indicating significant impacts from reduced sales volumes.
- Cash Flow Improvement
- Cash used in operations decreased to $104M in Q1 2026 from $109M in the same period last year.
- Liquidity Position
- The company ended Q1 2026 with total liquidity of approximately $2.0B, supported by cash and credit facilities.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Weak Residential Construction Demand
- Continued softness in the residential sector is expected to impact future sales, particularly for value-added products.
- Rising Input Costs
- Persistent increases in material and transportation costs could further erode margins.
- Geopolitical Exposure
- Ongoing conflicts, particularly in the Middle East, are elevating costs and could disrupt supply chains.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.89
- Gross margin
- 16.1%
- Operating margin
- 4.4%
- Segment
- Retail: $531M, Packaging: $394M, Construction: $465M
What they said about what is next.
Management anticipates lower consumer demand and continued challenges in residential markets impacting future outlook.
The filing reads worse than the one before it.
What came before.
- 10-K · February 25, 2026
- UFP Industries describes a strategy of scale, vertical integration and end-market diversification across three reportable segments (Retail, Packaging, Construction) with national distribution and targeted acquisitions…
- 10-Q · November 5, 2025
- UFP Industries reported third-quarter net sales of $1,559,627 (thousands) and diluted EPS of $1.29, down versus the year-ago quarter. Gross margin compressed to 16.8% and operating margin to 5.7% as SG&A and…
- 10-Q · August 6, 2025
- UFP Industries reported Q2 net sales of $1,835,374 (thousands) and diluted EPS of $1.70, down versus prior-year Q2. Gross profit fell to $312,734 (thousands) and operating income compressed to $123,091 (thousands);…
- 10-Q · August 7, 2024
- UFP Industries reported Q2 net sales of $1,901,959,000 and diluted EPS of $2.05 for the three months ended June 29, 2024. Revenue declined 6.9% year-over-year (from $2,043,918,000) but increased versus Q1 (Q1 implied…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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