NASDAQ$UFPI
UFP Industries Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
UFP Industries reported record results driven by strong sales growth and continued execution.
UFP Industries reported record first quarter results with net sales of $2.49 billion and net earnings of $190 million. Earnings per diluted share increased 80 percent to $3.00 compared to the first quarter of 2021. The company's balanced business model and reorganization in 2020 contributed to the impressive results.
- Net sales increased 36 percent to $2.49 billion due to higher lumber prices and increased unit sales.
- Earnings from operations increased 88 percent to $259 million, with acquisitions contributing $10 million.
- Adjusted EBITDA increased 80 percent to $292.2 million, with adjusted EBITDA margin improving to 11.7 percent.
- New product sales increased 58 percent to $151 million.
Headline financials
Revenue & EPS history
UFP Industries · Revenue · Quarterly
$2.49B
Revenue by segment
UFP Industries · $1.88B total across 3 segments · Q1 2022
- Retail$993M+30.9%52.9%
- Construction$786M+40.6%41.9%
- All Other$98.2M+70.6%5.2%
Forward guidance
UFP Industries will continue to invest in and build upon the successful transformation of UFP Industries into a value-added solutions provider to our customers, which has led to impressive operating results and returns on investment. They anticipate continuing to use cash for share buybacks, as we think UFP Industries is a great investment, while also rewarding shareholders with increased dividends.
Tailwinds
- Targeting $175-225 million for capital expenditures in 2022.
- Increased share repurchase program up to 2.6 million shares.
- Purchased approximately 800,000 shares at an average price of $77.53 in March and April 2022.
- Increased quarterly dividend payment to $0.25 per share, an increase of 25 percent over the dividend paid on March 15, 2022, and 67 percent higher than the dividend paid on June 15, 2021.
- Seeking opportunities to invest in companies that represent a strong strategic fit.
Headwinds
- Fluctuations in the price of lumber.
- Adverse or unusual weather conditions.
- Adverse economic conditions in the markets we serve.
- Government regulations, particularly involving environmental and safety regulations.
- Ability to make successful business acquisitions.
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 2022
+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
| Quarter | Report date | Reaction (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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