UFP Industries Q3 net sales fall 21% to $1.8 billion; diluted EPS $2.10
UFP Industries reported third quarter 2023 results with net sales of $1.83 billion, down 21% from a year earlier, driven by a 12% drop in prices and a 9% drop in organic unit sales. Net earnings attributable to controlling interest were $134 million, or $2.10 per diluted share, down 21% from the prior year's record quarter, though the company said its operating margins remain historically strong.
Key points
- Net sales of $1.83 billion, down 21% year over year; selling prices fell 12% and organic unit sales fell 9%
- Diluted EPS of $2.10, down 21% from last year's record quarter; net earnings attributable to controlling interest of $134 million
- Adjusted EBITDA of $208 million, down 24%; adjusted EBITDA margin of 11.4%, down 40 basis points
- Net surplus cash of $682.4 million at September 30, 2023, versus $128 million a year earlier
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 31, 2023.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.