UFP Industries Q3 profit falls 26% as sales drop 10% to $1.65 billion
UFP Industries reported third quarter 2024 net sales of $1.65 billion, down 10% from a year earlier, and net earnings attributable to controlling interest of $100 million, down 26%. The company cited softer demand and broad-based pricing pressure, and lowered its fourth-quarter Construction demand outlook to a low-single-digit decrease, which may weigh on shareholders' near-term earnings.
Key points
- Net sales of $1.65 billion fell 10%, with selling prices down 7% and organic unit sales down 3%.
- Diluted earnings per share were $1.64, compared with $2.10 in the third quarter of 2023.
- Adjusted EBITDA of $165 million fell 21%, and adjusted EBITDA margin declined 140 basis points to 10.0%.
- The board approved a quarterly dividend of $0.33 per share on October 23, 2024, up 10% from $0.30, payable December 16, 2024.
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 28, 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.