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UFP Industries (UFPI)

UFP Industries is a holding company whose operating subsidiaries - UFP Industrial, UFP Construction and UFP Retail Solutions - manufacture, distribute and sell a wide variety of value-added products used in residential and commercial construction, packaging and other industrial applications worldwide. Founded in 1955, the company is headquartered in Grand Rapids, Michigan, with affiliates in North America, Europe, Asia and Australia.

Company profile

Ticker
UFPI
Exchange
NASDAQ
Website
www.ufpi.com
CEO
Matthew Missad
Employees
Incorporated
Michigan
Location
Michigan
Fiscal year end
Dec 31
Sector
Manufacturing > All Other Miscellaneous Wood Product Manufacturing
Industry (SIC)
Sawmills & Planing Mills, General
Western Forest Products • West Fraser Timber ...
Former names
UNIVERSAL FOREST PRODUCTS INC
SEC CIK
0000912767
Corporate docs
Subsidiaries
11032 Tidewater Trail, LLC • 234 Springs Rd., LLC • 2875 Needmore Rd. LLC • 621 Hall St., LLC • Advantage Label & Packaging, Inc. • Aljoma Holding Company, LLC • Aljoma Lumber, Inc. • Ardellis Insurance Ltd. • Caliper Building Systems, LLC • Deckorators, Inc. ...
IRS number
381465835

UFPI stock data

News

From Benzinga Pro
Stocks That Hit 52-Week Lows On Wednesday
22 Jun 22
On Wednesday, 329 companies hit new 52-week lows.
UFP Industries Reports Purchase Of Cedar Poly For $17M
9 May 22
UFP Industries (NASDAQ:UFPI) today announced that its affiliate, Deckorators, Inc., acquired Cedar Poly LLC, for $17 million. The purchase price includes incentive payments of up to $1.5 million over three years if Cedar
Here's How Much $100 Invested In UFP Industries 5 Years Ago Would Be Worth Today
27 Apr 22
UFP Industries (NASDAQ:UFPI) has outperformed the market over the past 5 years by 8.0% on an annualized basis producing an average annual return of 19.96%. Currently, UFP Industries has a market capitalization of $4.87 billion.
BMO Capital Maintains Market Perform on UFP Industries, Raises Price Target to $88
26 Apr 22
12 Industrials Stocks Moving In Friday's Pre-Market Session
22 Apr 22

Press releases

From Benzinga Pro
UFP Industries ranked 401 on FORTUNE 500
6 Jun 22
GRAND RAPIDS, Mich., June 06, 2022 (GLOBE NEWSWIRE) -- UFP Industries (NASDAQ:UFPI) today announced that it was ranked 401 on the FORTUNE 500 list of largest companies by revenue in the United States. UFP Industries
UFP Industries announces the planned retirement of President and COO Pat Webster
25 Apr 22
GRAND RAPIDS, Mich., April 25, 2022 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (NASDAQ:UFPI) today announced that President and COO Pat Webster will retire at the end of 2022 after a remarkable career spanning nearly
UFP Industries Reports Record First Quarter Results
21 Apr 22
GRAND RAPIDS, Mich., April 21, 2022 (GLOBE NEWSWIRE) -- UFP Industries, Inc. (NASDAQ:UFPI) today announced record net sales of $2.49 billion and net earnings of $190 million for the first quarter of 2022. The company
Conference Call to Discuss Q1 2022
7 Apr 22

Analyst ratings and price targets

Last 3 months
BMO Capital
Maintains
Market Perform
$88.00
26 Apr 22

Calendar

4 May 22
26 Jun 22
31 Dec 22

Financial summary

Financial statements Chart UFPI financial data
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 74.51M 74.51M 74.51M 74.51M 74.51M 74.51M
Cash burn (monthly) 72.24M (no burn) (no burn) (no burn) 81.68M (no burn)
Cash used (since last report) 219.33M n/a n/a n/a 247.99M n/a
Cash remaining -144.81M n/a n/a n/a -173.48M n/a
Runway (months of cash) -2.0 n/a n/a n/a -2.1 n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

UFPI insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Jun 22 Patrick M. Benton Common Stock Sell Dispose S No No 79.0021 16,759 1.32M 109,944
31 May 22 Michael R Cole Common Stock Common Stock Grant Acquire A No No 77.2 19 1.47K 29,697
31 May 22 Matthew J Missad Common Stock Common Stock Grant Acquire A No No 77.2 19 1.47K 87,762
31 May 22 David A. Tutas Common Stock Common Stock Grant Acquire A No No 77.2 9 694.8 17,844
31 May 22 Patrick M Webster Common Stock Common Stock Grant Acquire A No No 77.2 19 1.47K 123,355
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

UFPI institutional ownership history Ownership history
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 1 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Good
New words: add, added, approach, approximtely, backlog, bed, Bermuda, canceled, discipline, drawn, elevated, environment, expansion, external, filled, fully, India, initiated, introduction, plastic, quantitative, quicker, RMS, selective, separately, service, shelf, supplier, utilize, write
Removed: adjustment, casework, charge, conform, consumer, detail, dramatically, Fence, Garden, half, implementation, largely, Lastly, Lawn, millwork, PalletOne, passing, positioning, railing, reclassified, remediated, seasonal, transferred, unusually
From filing 10-Q 2022 Q1
Financial reports
View all
10-Q
2022 Q1
Quarterly report
4 May 22
10-K
2021 FY
Annual report
23 Feb 22
10-Q
2021 Q3
Quarterly report
3 Nov 21
10-Q
2021 Q2
Quarterly report
4 Aug 21
10-Q
2021 Q1
Quarterly report
5 May 21
10-K
2020 FY
Annual report
3 Mar 21
NT 10-K
Notice of late annual filing
24 Feb 21
10-Q
2020 Q3
Quarterly report
28 Oct 20
10-Q
2020 Q2
Quarterly report
29 Jul 20
10-Q
2020 Q1
Quarterly report
6 May 20
Current reports
View all
8-K
Regulation FD Disclosure
8 Jun 22
8-K
Regulation FD Disclosure
9 May 22
8-K
Material Modifications to Rights of Security Holders
3 May 22
8-K
Departure of Directors or Certain Officers
25 Apr 22
8-K
Regulation FD Disclosure
25 Apr 22
8-K
Submission of Matters to a Vote of Security Holders
21 Apr 22
8-K
Results of Operations and Financial Condition
21 Apr 22
8-K
Regulation FD Disclosure
25 Feb 22
8-K
Results of Operations and Financial Condition
16 Feb 22
8-K
Regulation FD Disclosure
28 Dec 21
Registration and prospectus
View all
S-8
Registration of securities for employees
7 May 21
15-15D
Suspension of duty to report
20 Jan 10
S-8
Registration of securities for employees
5 Jan 09
S-8
Registration of securities for employees
20 Apr 08
S-8
Registration of securities for employees
9 May 02
S-3/A
Shelf registration (amended)
1 Apr 02
S-3/A
Shelf registration (amended)
21 Mar 02
S-3/A
Shelf registration (amended)
28 Feb 02
S-3/A
Shelf registration (amended)
30 Jan 02
S-3
Shelf registration
16 Dec 01
Proxies
View all
DEFA14A
Additional proxy soliciting materials
4 Apr 22
DEFA14A
Additional proxy soliciting materials
8 Mar 22
DEF 14A
Definitive proxy
8 Mar 22
PRE 14A
Preliminary proxy
23 Feb 22
DEFA14A
Additional proxy soliciting materials
10 Mar 21
DEF 14A
Definitive proxy
10 Mar 21
DEFA14A
Additional proxy soliciting materials
12 Mar 20
DEF 14A
Definitive proxy
12 Mar 20
PRE 14A
Preliminary proxy
28 Feb 20
DEFA14A
Additional proxy soliciting materials
8 Mar 19
Other
View all
SD
Conflict minerals disclosure
31 May 22
SD
Conflict minerals disclosure
1 Jun 21
UPLOAD
Letter from SEC
25 Jan 21
CORRESP
Correspondence with SEC
13 Jan 21
CORRESP
Correspondence with SEC
21 Dec 20
UPLOAD
Letter from SEC
20 Dec 20
SD
Conflict minerals disclosure
1 Jun 20
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
UPLOAD
Letter from SEC
13 Aug 17
Ownership
View all
4
UFP INDUSTRIES / Patrick M. Benton ownership change
6 Jun 22
4
UFP INDUSTRIES / Scott A Worthington ownership change
1 Jun 22
4
UFP INDUSTRIES / PATRICK M WEBSTER ownership change
1 Jun 22
4
UFP INDUSTRIES / David A. Tutas ownership change
1 Jun 22
4
UFP INDUSTRIES / MATTHEW J MISSAD ownership change
1 Jun 22
4
UFP INDUSTRIES / MICHAEL R COLE ownership change
1 Jun 22
4
UFP INDUSTRIES / Patrick M. Benton ownership change
18 May 22
4/A
UFP INDUSTRIES / Michael G. Wooldridge ownership change
9 May 22
4/A
UFP INDUSTRIES / BRUCE A MERINO ownership change
9 May 22
4/A
UFP INDUSTRIES / Benjamin J. McLean ownership change
9 May 22

Patents

View all
Utility
Fencing Assembly
2 Jun 22
Various embodiments of the present disclosure can include a fencing assembly.
Utility
Transport Shipping Container for Personal Watercraft
14 Apr 22
A shipping container for a personal watercraft, in which a first and second pair of roller guides attach to a pallet for removably receiving a pair of trusses that support a personal watercraft thereon, the trusses movable between a first position for loading or unloading the personal watercraft and a second position for storing and transporting of the personal watercraft at an oblique angle.
Utility
Fencing assembly
29 Mar 22
A fencing assembly includes a top cross-member having a first channel, a bottom cross-member having a second channel, a first vertical support member, a second vertical support member, and a planar barrier.
Utility
Transport shipping container for personal watercraft
8 Feb 22
A shipping container for a personal watercraft, in which a first and second pair of roller guides attach to a pallet for removably receiving a pair of trusses that support a personal watercraft thereon, the trusses movable between a first position for loading or unloading the personal watercraft and a second position for storing and transporting of the personal watercraft at an oblique angle.
Utility
Plastics-Based Manufactured Article and Processes for Forming Said Article
27 May 20
An oriented polymer composition (OPC) article comprising a body having a length, which is greater than any perpendicular dimension, comprised of an OPC having a softening temperature, the body having an outer surface extending the length of the body, having polymer strands aligned in the lengthwise direction of the body, wherein the length dimension stability is greater than 99% when tested by heating the article for 24 hours at temperatures at least up to and including 71 degrees Celsius after completion of the manufacture of the article and processes for forming said article.

Transcripts

View all
2022 Q1
Earnings call transcript
22 Apr 22
2021 Q4
Earnings call transcript
17 Feb 22
2021 Q3
Earnings call transcript
21 Oct 21
2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
22 Apr 21
2020 Q4
Earnings call transcript
25 Feb 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
23 Jul 20
2020 Q1
Earnings call transcript
10 May 20

Reddit threads

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