NASDAQ$UFPI
UFP Industries Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
UFP Industries reported record third quarter results with increased earnings per share and unit sales.
UFP Industries reported record net sales of $2.3 billion and net earnings attributable to controlling interests of $167 million for the third quarter of 2022. Earnings per diluted share increased 37 percent to $2.66. The company's balanced business model and market-focused organizational structure contributed to the strong performance.
- Net sales increased 11 percent to $2.3 billion, driven by a 6 percent increase in prices and a 5 percent increase in unit sales.
- Earnings from operations increased 41 percent to $237 million.
- Adjusted EBITDA increased 46 percent to $274 million, with adjusted EBITDA margin improving by 280 basis points to 11.8 percent.
- New product sales increased 38 percent to $178 million.
Headline financials
Revenue & EPS history
UFP Industries · Revenue · Quarterly
$2.32B
Revenue by segment
UFP Industries · $1.74B total across 3 segments · Q3 2022
- Retail$845M+21.4%48.6%
- Construction$777M+7.5%44.7%
- All Other$116M+13.9%6.7%
Forward guidance
The company expects its balanced business model and operational improvements will continue to help navigate new external challenges, including rising interest rates and historically high inflation.
Tailwinds
- Continued activity in commercial and infrastructure end markets.
- Favorable demographic trends in the markets served.
- Participation in more affordable housing and the multifamily market.
- Healthy pricing due to passing through inflationary costs.
- Benefit from focus on value-added products.
Headwinds
- More normalized demand expected in UFP Retail Solutions.
- Monitoring business activity and key economic indicators for UFP Industrial.
- Exposure to a projected softening in the housing market.
- Rising interest rates.
- Historically high inflation.
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 Q3 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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