NASDAQ$UFPI
UFP Industries Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
UFP Industries reported a decrease in net sales but remained optimistic due to a strong balance sheet and strategic investments.
UFP Industries announced net sales of $1.9 billion, net earnings attributable to controlling interest of $133 million, and earnings per diluted share of $2.10 for the fourth quarter of 2022. While net sales decreased by 5 percent, the company emphasized its strong financial position and plans to capitalize on opportunities in a softening economy.
- Net sales decreased 5 percent to $1.91 billion due to a 10 percent decrease in organic unit sales.
- New product sales increased 36 percent to $164 million.
- Earnings from operations decreased 14 percent to $169 million.
- Adjusted EBITDA decreased 5 percent to $213 million, while adjusted EBITDA margin remained unchanged at 11.1 percent.
Headline financials
Revenue & EPS history
UFP Industries · Revenue · Quarterly
$1.91B
Revenue by segment
UFP Industries · $1.82B total across 3 segments · Q4 2022
- Retail$691M-1.9%38.0%
- Construction$605M-10.7%33.3%
- Packaging$522M—28.7%
Forward guidance
UFP Industries anticipates more normalized demand in retail solutions and expects lumber prices to normalize, with flat unit sales in the retail segment for 2023. They also expect unit sales to be flat to slightly down in the packaging segment, and a 15-20% decline in housing starts could impact the construction segment.
Headwinds
- Anticipates more normalized demand in the retail solutions segment in 2023.
- Expects lumber prices will normalize and follow more seasonal historical trends in 2023.
- The retail segment will experience flat unit sales.
- Metrics indicating unit sales will be flat to slightly down in 2023 for the Packaging segment.
- Consensus estimates indicate a 15-20 percent decline in housing starts in 2023.
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 Q4 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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