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…
Earnings analysis · 10-Q
UFPI earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.89
- Segment
- Retail: $531M, Packaging: $394M, Construction: $465M
What stood out
-
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.
What to watch
-
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.
Management's outlook
Management anticipates lower consumer demand and continued challenges in residential markets impacting future outlook.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.