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AI brief of an SEC Form 8-K · UFP Industries (UFPI)

UFP Industries Q4 net sales fell 20% to $1.5 billion; diluted EPS $1.62 vs. $2.10

Negative Impact 3 of 5 earnings Written later

UFP Industries reported fourth-quarter 2023 net sales of $1.5 billion, down 20% from a year earlier, and diluted earnings per share of $1.62, down from $2.10. Fiscal 2023 diluted EPS was $8.07, down 26%, and management expects softer demand and a more competitive price environment in the first half of 2024, while raising its five-year unit growth and profitability goals.

Key points

  • Q4 2023 net sales were $1.52 billion, down 20%, driven by a 10% decline in prices and a 10% decline in organic unit sales.
  • Q4 2023 net earnings attributable to controlling interest were $103 million, with diluted EPS of $1.62 versus $2.10 in Q4 2022.
  • Fiscal 2023 net sales were $7.2 billion, down 25%, with diluted EPS of $8.07.
  • The board approved a quarterly dividend of $0.33 per share, payable March 15, 2024, up 10% from $0.30.

The filing

CompanyUFP Industries (UFPI)
Form8-K, current report
Filed with the SECFeb 20, 2024, 8:00 AM ET
Accession number0000912767-24-000003

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 February 20, 2024.

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.