UFP Industries to Report Fourth Quarter and Full Year 2024 Results: What Investors Need to Know

UFP Industries, Inc. (UFPI) is set to report its fourth quarter and full year 2024 results on Monday, February 17, 2025. The company will host a conference call to discuss these results on Tuesday, February 18, 2025, at 9 a.m. Eastern Time. A live audio webcast and supporting materials will be available on the company's investor relations website, with a replay accessible for at least 90 days following the call.

As an investor, you might be wondering what to expect from UFPI's earnings report. Here's a quick rundown of key trends and factors to consider:

1. Market conditions: UFPI operates in the construction, packaging, and retail sectors, which have all faced challenging market conditions in 2024. Softer demand and broad-based pricing pressure have reduced the company's revenue and profit margins. Keep an eye on how UFPI has managed these headwinds and whether there are any signs of improvement.
2. New product sales: In the third quarter of 2024, UFPI's new product sales accounted for 7.2% of total sales, down from 7.6% in the same period in 2023. This decline suggests that the company's ability to introduce and successfully market new products has been impacted by broader market conditions. Look for any updates on new product development and how UFPI plans to boost this metric.
3. Lumber prices: The price of Southern Yellow Pine (SYP), which comprises approximately two-thirds of UFPI's lumber purchases, decreased by 21% in the third quarter of 2024 compared to the same period in 2023. This decline negatively affected the company's selling prices and contributed to the decrease in revenue and earnings. Keep an eye on lumber prices and how UFPI is managing its supply chain and cost structure.
4. Capital allocation: UFPI has a return-focused approach to capital allocation, which includes acquisitions, organic growth, dividends, and share repurchases. In 2024, the company targeted approximately $1 billion in capital investments over the next five years, including $300 million in 2024 for automation, technology upgrades, geographic expansion, and increased capacity at existing facilities. The company also declared a quarterly dividend payment of $0.33 per share, a 10% increase over the previous quarter, and authorized the repurchase of up to $200 million of shares through July 31, 2025. Pay close attention to how UFPI is allocating capital and whether these investments are driving shareholder value.
5. Hurricane impact: UFPI acknowledged the dedication and perseverance of its teammates in the southeastern United States after the recent hurricanes. While the company did not provide specific financial details, the impact of these natural disasters on operations and supply chains in the affected regions could have contributed to the overall decrease in revenue and earnings. Look for any updates on the company's recovery efforts and the financial impact of the hurricanes.



In conclusion, UFPI's fourth quarter and full year 2024 results will provide valuable insights into the company's performance and strategic direction. As an investor, it's essential to stay informed about the key trends and factors affecting the construction, packaging, and retail sectors, as well as UFPI's capital allocation and new product development efforts. By keeping a close eye on these aspects, you'll be better equipped to make informed investment decisions.