UFP Industries Inc (UFPI) reported Q4 net sales and earnings decline due to lower prices and reduced organic unit sales, particularly in construction.

UFP Industries Inc (UFPI) reported a decrease in Q4 net sales and earnings, attributing the decline to lower selling prices and reduced organic unit sales across its business segments. The construction segment experienced the most significant drop. Despite the short-term challenges, UFPI has raised its long-term financial goals and expressed confidence in its ability to grow and enhance its value-added product offering. The company's robust cash flow and strong balance sheet position it well to pursue its objectives and deliver value to shareholders.

February 20, 2024
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