UFP Industries Q2 sales beat estimates on acquisitions, new products sales
UFPI•What drove results
- Higher freight costs - Co said increased transportation rates and elevated fuel costs drove up freight expenses, weighing on earnings
- Acquisitions and organic growth - Net sales rose mainly due to acquisitions and organic volume gains in Deckorators, Structural Packaging, Protective Packaging, Concrete Forming, and Commercial units
- New product sales - Higher share of sales from new products contributed to revenue growth
Outlook unchanged for 2026
- Company maintains 2026 outlook, expects unit sales flat to slightly down across segments
- Input costs, mainly energy and transportation, expected to remain elevated for rest of 2026
- Demand tied to new residential construction seen as challenging, with stabilization in other markets
Q2 sales beat estimates, EPS fell
- U.S. wood and packaging manufacturer's Q2 sales rose 3%, beating analyst expectations
- Diluted EPS for Q2 fell to $1.48 from $1.70 a year ago
- Company cited higher freight costs as primary factor impacting earnings
