UFP Industries misses Q2 sales estimates amid soft demand
Overview
UFP Industries Q2 sales decline 4% to $1.84 bln, missing estimates
Net earnings fall to $100.7 mln from $126.0 mln year-over-year
Adjusted EBITDA decreases to $174.1 mln from $203.9 mln last year
Outlook
Company anticipates low single-digit unit declines in 2025
UFP Industries expects Factory Built segment to see increased demand
Company plans strategic investments to drive growth and profitability
UFP Industries positioned to adapt to potential tariff impacts
Result Drivers
TARIFF UNCERTAINTY - Co says tariff uncertainty remained a challenge impacting consumer and business sentiment
SOFT DEMAND - End market demand remains soft but stable, contributing to sales decline
SALES - Net sales fell due to 1 percent decrease in price and a 3 percent decline in organic units
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Miss | $1.84 bln | $1.85 bln (5 Analysts) |
Q2 Net Income | $100.70 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the forest & wood products peer group is "buy"
Wall Street's median 12-month price target for Ufp Industries Inc is $112.00, about 6.4% above its July 25 closing price of $104.84
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release:
