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NASDAQ:UFPI
Universal Forest Products Stock Earnings Reports
$107.50
-0.400 (-0.371%)
At Close: Mar 21, 2025
Universal Forest Products Earnings Calls
Q4 2024
Missed
$1.20 (-3.23%)
| Release date | Feb 17, 2025 |
| EPS estimate | $1.24 |
| EPS actual | $1.20 |
| EPS Surprise | -3.23% |
| Revenue estimate | 1.617B |
| Revenue actual | 1.462B |
| Revenue Surprise | -9.59% |
Q3 2024
Missed
$1.64 (-13.23%)
| Release date | Oct 28, 2024 |
| EPS estimate | $1.89 |
| EPS actual | $1.64 |
| EPS Surprise | -13.23% |
| Revenue estimate | 1.424B |
| Revenue actual | 1.649B |
| Revenue Surprise | 15.86% |
Q2 2024
Beat
$2.05 (0.99%)
| Release date | Jul 30, 2024 |
| EPS estimate | $2.03 |
| EPS actual | $2.05 |
| EPS Surprise | 0.99% |
| Revenue estimate | 1.872B |
| Revenue actual | 1.902B |
| Revenue Surprise | 1.59% |
Q1 2024
Beat
$1.96 (18.07%)
| Release date | Apr 30, 2024 |
| EPS estimate | $1.66 |
| EPS actual | $1.96 |
| EPS Surprise | 18.07% |
| Revenue estimate | 1.707B |
| Revenue actual | 1.639B |
| Revenue Surprise | -4.00% |
Last 4 Quarters for Universal Forest Products
Below you can see how UFPI performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Beat
| Release date | Apr 30, 2024 |
| Fiscal end date | Mar 30, 2024 |
| Price on release | $112.70 |
| EPS estimate | $1.66 |
| EPS actual | $1.96 |
| EPS surprise | 18.07% |
| Date | Price |
|---|---|
| Apr 24, 2024 | $113.68 |
| Apr 25, 2024 | $112.55 |
| Apr 26, 2024 | $113.64 |
| Apr 29, 2024 | $115.79 |
| Apr 30, 2024 | $112.70 |
| May 01, 2024 | $113.00 |
| May 02, 2024 | $115.49 |
| May 03, 2024 | $116.65 |
| May 06, 2024 | $117.98 |
| 4 days before | -0.86% |
| 4 days after | 4.69% |
| On release day | 0.266% |
| Change in period | 3.78% |
Q2 2024
Beat
| Release date | Jul 30, 2024 |
| Fiscal end date | Jun 29, 2024 |
| Price on release | $135.34 |
| EPS estimate | $2.03 |
| EPS actual | $2.05 |
| EPS surprise | 0.99% |
| Date | Price |
|---|---|
| Jul 24, 2024 | $119.28 |
| Jul 25, 2024 | $125.04 |
| Jul 26, 2024 | $128.83 |
| Jul 29, 2024 | $127.06 |
| Jul 30, 2024 | $135.34 |
| Jul 31, 2024 | $131.93 |
| Aug 01, 2024 | $126.20 |
| Aug 02, 2024 | $121.98 |
| Aug 05, 2024 | $117.13 |
| 4 days before | 13.46% |
| 4 days after | -13.46% |
| On release day | -2.52% |
| Change in period | -1.80% |
Q3 2024
Missed
| Release date | Oct 28, 2024 |
| Fiscal end date | Sep 28, 2024 |
| Price on release | $131.57 |
| EPS estimate | $1.89 |
| EPS actual | $1.64 |
| EPS surprise | -13.23% |
| Date | Price |
|---|---|
| Oct 22, 2024 | $130.03 |
| Oct 23, 2024 | $130.00 |
| Oct 24, 2024 | $130.81 |
| Oct 25, 2024 | $130.17 |
| Oct 28, 2024 | $131.57 |
| Oct 29, 2024 | $123.04 |
| Oct 30, 2024 | $122.39 |
| Oct 31, 2024 | $122.34 |
| Nov 01, 2024 | $123.08 |
| 4 days before | 1.18% |
| 4 days after | -6.45% |
| On release day | -6.48% |
| Change in period | -5.34% |
Q4 2024
Missed
| Release date | Feb 17, 2025 |
| Fiscal end date | Dec 28, 2024 |
| Price on release | $116.35 |
| EPS estimate | $1.24 |
| EPS actual | $1.20 |
| EPS surprise | -3.23% |
| Date | Price |
|---|---|
| Feb 10, 2025 | $116.46 |
| Feb 11, 2025 | $115.67 |
| Feb 12, 2025 | $112.78 |
| Feb 13, 2025 | $114.27 |
| Feb 14, 2025 | $116.35 |
| Feb 18, 2025 | $114.45 |
| Feb 19, 2025 | $112.89 |
| Feb 20, 2025 | $109.84 |
| Feb 21, 2025 | $108.55 |
| 4 days before | -0.0945% |
| 4 days after | -6.70% |
| On release day | -1.63% |
| Change in period | -6.79% |
Universal Forest Products Earnings Call Transcript Summary of Q4 2024
Overall Performance
Q4 2024 experienced declining demand across most business segments, leading to reduced operating efficiency and increased competition, which affected profits.
- UFP Industries reported annual sales of $6.7 billion and EBITDA of $682.3 million, marking a 10.3% EBITDA margin.
- The company holds a strong balance sheet with nearly $1.2 billion in cash and similar debt capacity, positioning it well for growth and M&A opportunities.
Market Trends
- Unit sales in Q4 were flat, with slight growth in construction and international segments.
- 2024 unit sales declined by 1%, influenced by broader pricing pressures and mixed demand across the packaging and construction sectors.
Strategic Focus and Growth Plans
- UFP aims to focus on cost reductions, identified structural savings of $60 million by 2026, and plans to streamline operations.
- The company is focused on both organic and inorganic growth, with an emphasis on high-return projects, including acquisitions, exemplified by the recent purchase of C&L Wood Products.
Product Development
- New product sales reached $505 million, accounting for 7.6% of total sales. There are plans to increase this to 10% in the future.
- An upcoming product, the Summit decking board, will target the DIY and small contractor markets, supported by a marketing campaign and showcasing at major trade shows.
Cost and Efficiency Measures
- UFP continues to assess underperforming assets and projects, and has targeted operational improvements from cost and capacity reductions.
- A focus on automation and technology is key to enhancing manufacturing efficiencies.
Financial Outlook
- The company anticipates continued weak demand through the first half of 2025, with competitive pricing pressures impacting margins.
- Long-term plans remain optimistic, bolstered by favorable demographics and an underbuilt housing market.
Capital Expenditures
- A $1 billion multiyear capital plan remains in place, focusing on automation, new technology, and expanded manufacturing capacities, with $350 million planned for 2025.
- A significant portion of capital expenditures will also be reserved for strategic M&A opportunities.
Return to Shareholders
- UFP returned $81 million in dividends and $159 million in share repurchases in the last year.
- The board approved a 6% increase in the quarterly dividend to $0.35 per share.
Market Challenges
- The housing market faces pressure from factors such as high interest rates and lower home sales, with uncertainty surrounding the impact of potential tariffs on Canadian lumber.
Management Comments
- New CEO Will Schwartz emphasized the company’s commitment to adapt and thrive through challenges, focusing on cost control while pursuing growth.
Conclusion
Investors should monitor UFP Industries’ ability to adapt to current market conditions, implement cost improvement strategies, and leverage its strong cash position for future growth and shareholder returns. The company’s proactive approach in both product development and market positioning remains critical in navigating the anticipated challenges in 2025.
Universal Forest Products Earnings History
Earnings Calendar
FAQ
When is the earnings report for UFPI?
Universal Forest Products (UFPI) has scheduled its earnings report for Apr 29, 2025 before the markets open.
What is the UFPI price-to-earnings (P/E) ratio?
UFPI P/E ratio as of Mar 21, 2025 (TTM) is 15.23.
What is the UFPI EPS forecast?
The forecasted EPS (Earnings Per Share) for Universal Forest Products (UFPI) for the first fiscal quarter 2025 is $1.59.
What are Universal Forest Products's retained earnings?
On its balance sheet, Universal Forest Products reported retained earnings of $1.46 billion for the latest quarter ending Dec 28, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
