NASDAQ$UFPI

UFP Industries Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

UFP Industries reported record sales and profits for the first quarter, with diluted EPS up 12 percent and unit sales up 5 percent.

UFP Industries announced record net sales and net earnings for Q1 2020. The company's realignment is progressing well, and they are managing COVID-19 challenges effectively, ensuring employee safety and essential services. The company repurchased shares and increased the quarterly dividend.

  • UFP Industries reported record net sales and net earnings for the first quarter of 2020.
  • Diluted EPS increased by 12 percent compared to the same period in 2019, reaching $0.65 per share.
  • The company repurchased approximately 750,000 shares of its common stock during the first quarter.
  • The board approved a quarterly dividend payment of 12.5 cents a share, a prorated 25 percent increase over 2019.

Headline financials

Total Revenue

$1.03B

Previous: $1.02B+1.7%
EPS (adj)

$0.65

Previous: $0.58+12.1%
Adjusted EBITDA

$77.1M

Previous: $65.9M+16.9%
Gross Margin

16.5%

No prior period
Capital Expenditures

-$27.3M

Previous: -$15.9M-71.8%
Free Cash Flow

$12.9M

Previous: $19.7M-34.5%
Net Income

$40.2M

Previous: $35.5M+13.0%
Operating Income

$58.6M

Previous: $48.4M+21.0%
Gross Profit

$167M

Previous: $154M+8.4%
Cash & Equivalents

$32.1M

Previous: $17.1M+87.8%
Total Assets

$1.88B

Previous: $1.82B+3.4%

Revenue & EPS history

UFP Industries · Revenue · Quarterly

$1.03B

Q1 2020+1.7%vs Q1 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

UFP Industries · $756M total across 3 segments · Q1 2020

  • Construction
    $385M+4.3%
  • Retail
    $365M+6.3%
  • All Other
    $5.87M

Forward guidance

UFP Industries anticipates that its second quarter and balance of 2020 financial results will depend on the future status of various state directives with more insight expected on May 7.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+1.6%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+1.3%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+18.5%

Q3 2019

Best reaction

-10.5%

Q3 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.1%+0.6%-3.0%
Q4 2025+2.9%-3.2%-14.7%
Q3 2025+2.1%+1.7%+3.3%
Q2 2025+3.6%-1.8%-3.8%
Q1 2025-5.9%-4.3%-7.8%
Q4 2024-1.6%-6.7%-7.3%
Q3 2024-5.5%-5.4%+3.9%
Q2 2024+3.8%-4.0%-5.1%
Q1 2024-2.4%+0.7%+1.9%
Q4 2023-7.2%-5.7%+2.6%
Q3 2023-0.4%+7.7%+14.0%
Q2 2023-1.7%+0.5%+3.8%
Q1 2023+3.7%+2.6%-0.1%
Q4 2022-3.7%-2.1%-11.8%
Q3 2022-4.7%-3.0%+10.3%
Q2 2022+12.0%+15.6%+18.6%
Q1 2022+0.1%+1.3%-3.5%
Q4 2021+7.2%+8.0%+12.3%
Q3 2021+10.3%+13.1%+20.1%
Q2 2021+2.2%+3.1%+3.3%
Q1 2021+1.5%+8.2%+2.1%
Q4 2020-0.2%+4.6%+21.4%
Q3 2020-4.3%-8.4%-5.3%
Q2 2020+6.5%+12.4%+20.8%
Q1 2020+3.9%+13.6%+22.6%
Q4 2019+15.6%+11.6%-37.4%
Q3 2019+18.5%+19.6%+15.2%
Q2 2019+12.5%+16.6%+8.4%
Q1 2019+13.7%+19.6%+10.2%
Q4 2018-0.8%-1.4%-10.8%
Q3 2018-4.4%-11.9%-13.6%
Q2 2018-6.2%-7.0%-3.8%
Q1 2018-3.6%-1.6%+4.3%
Q4 2017-5.3%-5.2%-12.0%
Q3 2017+6.2%+9.5%+13.6%
Q2 2017-1.8%-6.3%-10.4%
Q1 2017-3.8%-2.2%-8.0%
Q4 2016-10.2%-8.9%-9.3%
Q3 2016-5.7%-4.6%+0.5%
Q2 2016-1.3%+4.7%+4.9%
Q1 2016-3.9%
Q4 2015+10.5%
Q3 2015+15.4%
Q2 2015+12.5%
Q1 2015+4.2%
Q4 2014-3.6%
Q3 2014+8.5%
Q2 2014-1.3%
Q1 2014+0.1%
Q4 2013+16.0%
Q3 2013+11.1%
Q2 2013+4.5%
Q1 2013+6.7%
Q4 2012+2.5%
Q3 2012-10.5%
Q2 2012+0.6%
Q1 2012-3.4%
Q1 2011-3.4%
Q4 2009+2.6%
Q4 2011+2.6%
Q3 2010+0.8%
Q3 2011+0.8%
Q2 2010-7.1%
Q4 2010-7.1%
Q2 2011-7.1%
Q1 2010+7.2%

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